Silverfin false 05/04/2023 06/04/2022 05/04/2023 Adele Buchan 10/10/2006 Andrew Hay Buchan 10/10/2006 16 October 2023 The principal activity of ths Company during the financial year was the supply of labour to vessels in the fishing industry. SC309918 2023-04-05 SC309918 bus:Director1 2023-04-05 SC309918 bus:Director2 2023-04-05 SC309918 core:CurrentFinancialInstruments 2023-04-05 SC309918 core:CurrentFinancialInstruments 2022-04-05 SC309918 2022-04-05 SC309918 core:ShareCapital 2023-04-05 SC309918 core:ShareCapital 2022-04-05 SC309918 core:RetainedEarningsAccumulatedLosses 2023-04-05 SC309918 core:RetainedEarningsAccumulatedLosses 2022-04-05 SC309918 bus:OrdinaryShareClass1 2023-04-05 SC309918 2022-04-06 2023-04-05 SC309918 bus:FullAccounts 2022-04-06 2023-04-05 SC309918 bus:SmallEntities 2022-04-06 2023-04-05 SC309918 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 SC309918 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 SC309918 bus:Director1 2022-04-06 2023-04-05 SC309918 bus:Director2 2022-04-06 2023-04-05 SC309918 2021-04-06 2022-04-05 SC309918 bus:OrdinaryShareClass1 2022-04-06 2023-04-05 SC309918 bus:OrdinaryShareClass1 2021-04-06 2022-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC309918 (Scotland)

WESTWINDS INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 05 APRIL 2023
PAGES FOR FILING WITH THE REGISTRAR

WESTWINDS INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2023

Contents

WESTWINDS INVESTMENTS LIMITED

BALANCE SHEET

AS AT 05 APRIL 2023
WESTWINDS INVESTMENTS LIMITED

BALANCE SHEET (continued)

AS AT 05 APRIL 2023
2023 2022
£ £
Current assets
Debtors 3 16,386 49,074
Cash at bank and in hand 55,469 34,414
71,855 83,488
Creditors: amounts falling due within one year 4 ( 12,418) ( 7,925)
Net current assets 59,437 75,563
Total assets less current liabilities 59,437 75,563
Net assets 59,437 75,563
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 59,337 75,463
Total shareholders' funds 59,437 75,563

For the financial year ending 05 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Westwinds Investments Limited (registered number: SC309918) were approved and authorised for issue by the Director on 16 October 2023. They were signed on its behalf by:

Andrew Hay Buchan
Director
WESTWINDS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2023
WESTWINDS INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Westwinds Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 67 York Street, Peterhead, AB42 1SP, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the provision of labour services and is recognised when the service is provided during the year.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets .

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Other debtors 16,386 49,074

4. Creditors: amounts falling due within one year

2023 2022
£ £
Corporation tax 10,769 5,906
Other taxation and social security 0 219
Other creditors 1,649 1,800
12,418 7,925

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due from directors 15,758 47,926

This loan is interest free and was fully repaid within 9 months of the year end.