ACCOUNTS - Final Accounts

WESTGROVE PROJECTS LIMITED - Company Information

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Registered number: 01998422

WESTGROVE PROJECTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

WESTGROVE PROJECTS LIMITED

REGISTERED NUMBER:01998422

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2018

		2018		2017
Note		£		£



Creditors: amounts falling due within one year	4	(17,417)		(17,417)
Net current liabilities			(17,417)		(17,417)
Total assets less current liabilities			(17,417)		(17,417)

Net liabilities			(17,417)		(17,417)

Capital and reserves
Called up share capital	5	1,085	1,085
Capital redemption reserve		315	315
Profit and loss account		(18,817)	(18,817)
		(17,417)	(17,417)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr A E Browne

Director

Date: 20 December 2018

The notes on pages 2 to 3 form part of these financial statements.

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WESTGROVE PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

1.	General information

Westgrove Projects Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01998422 and registered office address is Senate Court, Southernhay Gardens, Exeter, Devon, EX1 1NT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company disposed of its remaining investment property on 2 August 2013. The company has not traded since this date and it is intended that arrangements will be made to strike off the company in the foreseeable future. As a result the financial statements have not been prepared on the going concern basis. However, this change in basis has not required any changes to be made to the financial statements

The following principal accounting policies have been applied:

2.2

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2017: 2).

4.	Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2018	2017
		£	£

Amounts owed to group undertakings	17,417	17,417
	17,417	17,417

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WESTGROVE PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

5.	Share capital
		2018	2017
		£	£

ALLOTTED, CALLED UP AND PARTLY PAID

2,170 (2017: 2,170) Ordinary shares of £0.50 each	1,085	1,085

6.	Ultimate parent undertaking and controlling party

The parent and ultimate parent company is M Baker (Holdings) Limited, a company incorporated in England and Wales.

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