Westow Street Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05257501 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

WESTOW STREET DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J J Devereux

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05257501 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

1,382,057

CURRENT ASSETS

Cash at bank

44,622

600,089

CREDITORS

Amounts falling due within one year

756,311

18,369

NET CURRENT (LIABILITIES)/ASSETS

(711,689

)

581,720

TOTAL ASSETS LESS CURRENT
LIABILITIES

670,368

1,963,777

CREDITORS

Amounts falling due after more than one
year

-

1,329,790

NET ASSETS

670,368

633,987

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

670,366

633,985

SHAREHOLDERS' FUNDS

670,368

633,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 July 2017 and were signed by:

Mr J J Devereux - Director

1.	STATUTORY INFORMATION

Westow Street Developments Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

Investment properties are shown at most recent valuation. Individual freehold and leasehold properties are

revalued every year by the directors except where a property has been externally revalued within the last three

years, with the surplus or deficit on book value being transferred to the revaluation reserve, unless a deficit (or its

reversal) is expected to be permanent, in which case it is charged to the profit and loss account. On the disposal

of a revalued fixed asset, any related balance in the revaluation reserve is also transferred to the profit and loss

account as a movement on reserves.

The valuation as at 29th February 2013 was carried out by the directors. The basis of valuation was market value

subject to existing tenancies where applicable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2016

and 28 February 2017

1,382,057

NET BOOK VALUE

At 28 February 2017

1,382,057

At 29 February 2016

1,382,057

Fair value at 28 February 2017 is represented by:

£

Valuation in 2009

98,472

Valuation in 2010

530,304

Cost

753,281

1,382,057

5.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Highmanor Estates Ltd.

Westow Street Developments Limited - Accounts to registrar (filleted) - small 17.3

Westow Street Developments Limited - Accounts to registrar (filleted) - small 17.3