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REGISTERED NUMBER: 03452034 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

WEATHERVANE ESTATES LIMITED

WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEATHERVANE ESTATES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R W Billis
Ms F M W Purdie





SECRETARY: J Roddison





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 03452034 (England and Wales)





ACCOUNTANTS: Brown McLeod Ltd
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA

WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,931 794,702
Investments 5 1 1
185,932 794,703

CURRENT ASSETS
Debtors 6 411,842 177,238
Cash at bank 17,059 26,511
428,901 203,749
CREDITORS
Amounts falling due within one year 7 5,029 227,322
NET CURRENT ASSETS/(LIABILITIES) 423,872 (23,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,804

771,130

CREDITORS
Amounts falling due after more than one
year

8

(118,738

)

(118,738

)

PROVISIONS FOR LIABILITIES (523 ) (1,569 )
NET ASSETS 490,543 650,823

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Revaluation reserve 10 - 120,639
Retained earnings 489,542 529,183
SHAREHOLDERS' FUNDS 490,543 650,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





R W Billis - Director


WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Weathervane Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of properties and rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil depreciation
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 794,387 1,325 795,712
Disposals (488,053 ) - (488,053 )
Revaluations (120,639 ) - (120,639 )
At 31 December 2023 185,695 1,325 187,020
DEPRECIATION
At 1 January 2023 - 1,010 1,010
Charge for year - 79 79
At 31 December 2023 - 1,089 1,089
NET BOOK VALUE
At 31 December 2023 185,695 236 185,931
At 31 December 2022 794,387 315 794,702

Cost or valuation at 31 December 2023 is represented by:

Land and
buildings
£   
Cost 185,695

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 673,748 673,748

Freehold land and buildings were valued on an open market basis on 31 December 2022 by the directors .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

WEATHERVANE ESTATES LIMITED (REGISTERED NUMBER: 03452034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 411,842 177,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 213,975
Taxation and social security 2,635 6,634
Other creditors 2,394 6,713
5,029 227,322

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 118,738 118,738

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 118,738 118,738

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 118,738 332,713

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 120,639
Revaluation adjustment (120,639 )

At 31 December 2023 -