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Company Registration No. 10510465 (England and Wales)
Western Gold Exploration (UK) Limited Unaudited accounts for the year ended 31 December 2023
Western Gold Exploration (UK) Limited Unaudited accounts Contents
Page
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Western Gold Exploration (UK) Limited Company Information for the year ended 31 December 2023
Directors
David Dobson Ross McLellan Rupert Williams
Company Number
10510465 (England and Wales)
Registered Office
HYDE PARK HOUSE 5 MANFRED ROAD LONDON SW15 2RS UNITED KINGDOM
Accountants
Braes Accountancy Limited Ironworks Business Centre Castlelaurie Industrial Estate Falkirk Stirlingshire FK2 7XE
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Western Gold Exploration (UK) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
319,700 
319,700 
Tangible assets
8,907 
14,332 
328,607 
334,032 
Current assets
Debtors
1,062,825 
1,016,837 
Cash at bank and in hand
103,999 
19,808 
1,166,824 
1,036,645 
Creditors: amounts falling due within one year
(4,572)
(54,793)
Net current assets
1,162,252 
981,852 
Total assets less current liabilities
1,490,859 
1,315,884 
Creditors: amounts falling due after more than one year
(2,930,244)
(2,009,301)
Net liabilities
(1,439,385)
(693,417)
Capital and reserves
Called up share capital
199,678 
199,678 
Share premium
1,414,293 
1,374,875 
Profit and loss account
(3,053,356)
(2,267,970)
Shareholders' funds
(1,439,385)
(693,417)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Ross McLellan Director Company Registration No. 10510465
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Western Gold Exploration (UK) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Western Gold Exploration (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 10510465. The registered office is HYDE PARK HOUSE, 5 MANFRED ROAD, LONDON, SW15 2RS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
319,700 
At 31 December 2023
319,700 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
319,700 
At 31 December 2022
319,700 
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Western Gold Exploration (UK) Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
10,989 
4,761 
15,750 
At 31 December 2023
10,989 
4,761 
15,750 
Depreciation
At 1 January 2023
824 
594 
1,418 
Charge for the year
3,049 
2,376 
5,425 
At 31 December 2023
3,873 
2,970 
6,843 
Net book value
At 31 December 2023
7,116 
1,791 
8,907 
At 31 December 2022
10,165 
4,167 
14,332 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
45,988 
- 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,016,837 
1,016,837 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
(15,572)
Trade creditors
- 
15,113 
Taxes and social security
4,193 
38,962 
Other creditors
379 
168 
Accruals
- 
16,122 
4,572 
54,793 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,930,244 
2,009,301 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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