WESTGATE HOUSE DEVELOPMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  Based on the above, this indicates the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern and therefore, it may be unable to realise its assets and discharge its liabilities in the ordinary course of business.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -93.6%

  £313,000 → £20,000

• Cash

  +9.7%

  £1,672,958 → £1,835,697

• Net assets

  -12.7%

  £10,797,367 → £9,421,163

• Employees

  —

  Not reported

• Operating profit

  -62.1%

  £1,405,036 → £532,705

• Profit before tax

  -187.3%

  -£512,893 → -£1,473,655

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Based on the above, this indicates the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern and therefore, it may be unable to realise its assets and discharge its liabilities in the ordinary course of business.”

Significant events

• “The company's loan facility is due for repayment on 15 June 2025. The directors anticipate that this will be repaid as part of the sale of the company's share capital that is expected to complete in April 2025.”
• “Prior period adjustment”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.