Westberry Financial Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08541390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2022

FOR

WESTBERRY FINANCIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C G Elliott

Mrs S J Elliott

REGISTERED OFFICE:

1st Floor

Bridgewater House

58-60 Whitworth Street

Manchester

M1 6LT

REGISTERED NUMBER:

08541390 (England and Wales)

ACCOUNTANTS:

KJG

100 Barbirolli Square

Manchester

M2 3BD

CURRENT ASSETS

Debtors

4

9,296

19,539

Cash at bank

2,511

647

11,807

20,186

CREDITORS

Amounts falling due within one year

5

(18,262

)

(2,000

)

NET CURRENT (LIABILITIES)/ASSETS

(6,455

)

18,186

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,455

)

18,186

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(6,457

)

18,184

SHAREHOLDERS' FUNDS

(6,455

)

18,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2023 and were signed on its behalf by:

Mrs S J Elliott - Director

1.	STATUTORY INFORMATION

Westberry Financial Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08541390. The address of the registered office and principal place of business is Bridgewater House, Whitworth Street, Manchester M1 6LT.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. the validity of this assumption is based on ongoing financial support from its shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover principally consists of income relating to insurance brokerage services.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,294

-

Other debtors

8,002

19,539

9,296

19,539

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

18,262

2,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1.00

2

2

7.	RELATED PARTY DISCLOSURES

Included in Other Debtors are amounts owed from companies under common control of £8,000 (2021: £19,537).

Included in Other Creditors are amounts owed to companies under common control of £16,047 (2021: £1,000).

All amounts owed to/from companies under control are interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr C G Elliott and Mrs S J Elliott by virtue of their shareholding in the business.