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COMPANY REGISTRATION NUMBER: 08770614
Weber Talma Subsidiary Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2023
Weber Talma Subsidiary Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Weber Talma Subsidiary Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
Mr I Ezekiel
Dr G J Weber
COMPANY SECRETARY
Mr I Ezekiel
REGISTERED OFFICE
Streets Chartered Accountants
Ecen Suite 43
Michael Way
Raunds
Northants
NN9 6GR
ACCOUNTANTS
Streets
Chartered accountants
ECEN
Michael Way
Warth Park
Northamptonshire
NN9 6GR
Weber Talma Subsidiary Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
200
200
Current assets
Debtors
5
433,480
465,752
Cash at bank and in hand
35,700
20,521
---------
---------
469,180
486,273
Creditors: amounts falling due within one year
6
541,128
557,224
---------
---------
Net current liabilities
71,948
70,951
--------
--------
Total assets less current liabilities
( 71,748)
( 70,751)
--------
--------
Net liabilities
( 71,748)
( 70,751)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 71,848)
( 70,851)
--------
--------
Shareholders deficit
( 71,748)
( 70,751)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Weber Talma Subsidiary Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 25 August 2024 , and are signed on behalf of the board by:
Mr I Ezekiel
Director
Company registration number: 08770614
Weber Talma Subsidiary Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Streets Chartered Accountants, Ecen Suite 43, Michael Way, Raunds, Northants, NN9 6GR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is supported by loans from its directors, bankers and other parties. These lenders have pledged their continued support to the company.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 December 2022 and 30 November 2023
200
----
Impairment
At 1 December 2022 and 30 November 2023
----
Carrying amount
At 30 November 2023
200
----
At 30 November 2022
200
----
5. Debtors
2023
2022
£
£
Other debtors
433,480
465,752
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
541,128
557,224
---------
---------
7. Related party transactions
The company maintains a loan accounts with Weber Talma Commercial Limited , a subsidiary company. At the reporting date, the company was owed £323,648 (2022: £346,589). The company maintains a loan accounts with Weber Talma Leasehold Limited , a subsidiary company. At the reporting date, the company was owed £97,119 (2022: £102,950).