Westley Court Management Limited - Accounts to registrar (filleted) - small 23.2.5

Westley Court Management Limited - Accounts to registrar (filleted) - small 23.2.5

WESTLEY COURT MANAGEMENT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.2.0.158 02589654 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure025896542022-03-31025896542023-03-31025896542022-04-012023-03-31025896542021-03-31025896542021-04-012022-03-31025896542022-03-3102589654ns16:EnglandWales2022-04-012023-03-3102589654ns15:PoundSterling2022-04-012023-03-3102589654ns11:Director12022-04-012023-03-3102589654ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3102589654ns11:SmallEntities2022-04-012023-03-3102589654ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3102589654ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102589654ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3102589654ns11:FullAccounts2022-04-012023-03-3102589654ns11:Director22022-04-012023-03-3102589654ns11:Director32022-04-012023-03-3102589654ns11:CompanySecretary12022-04-012023-03-3102589654ns11:RegisteredOffice2022-04-012023-03-3102589654ns6:CurrentFinancialInstruments2023-03-3102589654ns6:CurrentFinancialInstruments2022-03-3102589654ns6:ShareCapital2023-03-3102589654ns6:ShareCapital2022-03-3102589654ns6:RevaluationReserve2023-03-3102589654ns6:RevaluationReserve2022-03-3102589654ns6:RetainedEarningsAccumulatedLosses2023-03-3102589654ns6:RetainedEarningsAccumulatedLosses2022-03-3102589654ns6:LandBuildings2022-03-3102589654ns6:LandBuildings2023-03-3102589654ns6:LandBuildings2022-03-3102589654ns6:CostValuation2022-03-3102589654ns6:RevaluationsIncreaseDecreaseInInvestments2023-03-3102589654ns6:CostValuation2023-03-3102589654ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3102589654ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 02589654 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 March 2023

for

Westley Court Management Limited
Westley Court Management Limited (Registered number: 02589654)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Westley Court Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P A Scott
S J McEvoy
M A Pinheiro





SECRETARY: Spring Retirement Limited





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 02589654 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Westley Court Management Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westley Court Management Limited for the year ended 31 March 2023 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westley Court Management Limited, as a body, in accordance with the terms of our engagement letter dated 22 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Westley Court Management Limited and state those matters that we have agreed to state to the Board of Directors of Westley Court Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westley Court Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westley Court Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westley Court Management Limited. You consider that Westley Court Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westley Court Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


6 October 2023

This page does not form part of the statutory financial statements

Page 2
Westley Court Management Limited (Registered number: 02589654)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,585 22,585
Investments 5 85,000 68,393
107,585 90,978

CURRENT ASSETS
Debtors 6 343 569

CREDITORS
Amounts falling due within one year 7 (343 ) (569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
107,585
90,978

CAPITAL AND RESERVES
Called up share capital 74,250 74,250
Revaluation reserve 8 16,607 -
Retained earnings 16,728 16,728
107,585 90,978

The notes form part of these financial statements

Page 3 continued...
Westley Court Management Limited (Registered number: 02589654)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 6 October 2023 and were signed on its behalf by:





M A Pinheiro - Director


The notes form part of these financial statements

Page 4
Westley Court Management Limited (Registered number: 02589654)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Westley Court Management 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 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 NIL (2022 - NIL).

Page 5 continued...
Westley Court Management Limited (Registered number: 02589654)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 22,585
NET BOOK VALUE
At 31 March 2023 22,585
At 31 March 2022 22,585

Westley Court Management Limited holds the freehold of Westley Court. This was acquired at nil cost in January 2000 and thus is not reflected in the Balance Sheet.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 68,393
Revaluations 16,607
At 31 March 2023 85,000
NET BOOK VALUE
At 31 March 2023 85,000
At 31 March 2022 68,393

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 16,607
Cost 68,393
85,000

The directors have revalued this rental property to market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 343 569

Page 6 continued...
Westley Court Management Limited (Registered number: 02589654)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 261 487
Other creditors 82 82
343 569

8. RESERVES
Revaluation
reserve
£   
Revaluation of investment property 16,607

At 31 March 2023 16,607

Page 7