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Unaudited Financial Statements for the Year Ended 31 December 2023

for

Weatherup Limited

Weatherup Limited (Registered number: SC733826)






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


Weatherup Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R S Weatherup
L R Weatherup
G R Weatherup





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC733826 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Weatherup Limited (Registered number: SC733826)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,029,108 1,027,055

CURRENT ASSETS
Debtors 5 2,951 14,147
Cash at bank 81,849 89,219
84,800 103,366
CREDITORS
Amounts falling due within one year 6 3,990 10,917
NET CURRENT ASSETS 80,810 92,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,918

1,119,504

CREDITORS
Amounts falling due after more than one year 7 1,119,004 1,119,004
NET (LIABILITIES)/ASSETS (9,086 ) 500

CAPITAL AND RESERVES
Called up share capital 8 996 996
Retained earnings (10,082 ) (496 )
SHAREHOLDERS' FUNDS (9,086 ) 500

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.

Weatherup Limited (Registered number: SC733826)

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 16 May 2024 and were signed on its behalf by:





R S Weatherup - Director


Weatherup Limited (Registered number: SC733826)

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

1. STATUTORY INFORMATION

Weatherup Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% 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).

Weatherup Limited (Registered number: SC733826)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,027,055 - 1,027,055
Additions - 2,415 2,415
At 31 December 2023 1,027,055 2,415 1,029,470
DEPRECIATION
Charge for year - 362 362
At 31 December 2023 - 362 362
NET BOOK VALUE
At 31 December 2023 1,027,055 2,053 1,029,108
At 31 December 2022 1,027,055 - 1,027,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,200 1,200
Other debtors 1,751 12,947
2,951 14,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,498 -
Taxation and social security 892 200
Other creditors 1,600 10,717
3,990 10,917

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,119,004 1,119,004

Weatherup Limited (Registered number: SC733826)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
324 Ordinary A £1 324 324
324 Ordinay B £1 324 324
324 Ordinary C £1 324 324
5 Ordinary D £1 5 5
5 Ordinary E £1 5 5
5 Ordinary F £1 5 5
9 Ordinary H £1 9 9
996 996

9. RELATED PARTY DISCLOSURES

The company was under the control of its three directors and major shareholders during the period. Mr Ron Weatherup is also a director in Lugo Limited, a company registered in Scotland.

The company sold goods and services to Lugo Limited totalling £12,000 (2022 - £1,000) during the year, and purchased goods and services of £2,415. The company was due to pay Lugo Limited £37 (2022 - Debtor - £1,200) at the year end.