THE WEEM TRADING COMPANY LTD.

Company Registration Number:
SC457680 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

THE WEEM TRADING COMPANY LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

THE WEEM TRADING COMPANY LTD.

Company Information

for the Period Ended 31 March 2023




Director: Paul Roger Edwards
Registered office: The Weem Inn
Weem
Aberfeldy
Perthshire
PH15 2LD
Company Registration Number: SC457680 (Scotland)

THE WEEM TRADING COMPANY LTD.

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

Hotel

Political and charitable donations

None made

Additional information

Hotel was under renovation for this accounting period

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Paul Roger Edwards

This report was approved by the board of directors on 1 July 2023
And Signed On Behalf Of The Board By:

Name: Paul Roger Edwards
Status: Director

THE WEEM TRADING COMPANY LTD.

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 0 0
Gross Profit or (Loss) 0 13,000
Income from coronavirus (COVID-19) business support grants 0 13,000
Administrative Expenses ( 233,031 ) ( 197,565 )
Operating Profit or (Loss) ( 233,031 ) ( 184,565 )
Interest Payable and Similar Charges ( 250 ) -
Profit or (Loss) Before Tax ( 233,281 ) ( 184,565 )
Profit or (Loss) for Period ( 233,281 ) ( 184,565 )

The notes form part of these financial statements

THE WEEM TRADING COMPANY LTD.

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 577,182 497,635
Total fixed assets: 577,182 497,635
Current assets
Debtors: 5 11,219 11,671
Cash at bank and in hand: 1,858 136,780
Total current assets: 13,077 148,451
Creditors: amounts falling due within one year: 6 ( 579 ) ( 7,674 )
Net current assets (liabilities): 12,498 140,777
Total assets less current liabilities: 589,680 638,412
Creditors: amounts falling due after more than one year: 7 ( 1,233,625 ) ( 1,047,961 )
Accruals and deferred income: ( 107 ) ( 1,222 )
Total net assets (liabilities): ( 644,052 ) ( 410,771 )

The notes form part of these financial statements

THE WEEM TRADING COMPANY LTD.

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 644,152 ) ( 410,871 )
Shareholders funds: ( 644,052 ) ( 410,771 )

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 July 2023
And Signed On Behalf Of The Board By:

Name: Paul Roger Edwards
Status: Director

The notes form part of these financial statements

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 April 2022 228,673 268,962 497,635
Additions - 79,547 79,547
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2023 228,673 348,509 577,182
Depreciation
At 01 April 2022 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 31 March 2023 - - -
Net book value
At 31 March 2023 228,673 348,509 577,182
At 31 March 2022 228,673 268,962 497,635

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors


2023
£

2022
£
Prepayments and accrued income 11,219 11,671
Total 11,219 11,671

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 579 7,674
Total 579 7,674

THE WEEM TRADING COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 3,000 6,500
Other creditors 1,230,625 1,041,461
Total 1,233,625 1,047,961

Director's loan account
bank balance of BBl loan