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REGISTERED NUMBER: SC528746 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WCCU LIMITED

WCCU LIMITED (REGISTERED NUMBER: SC528746)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

WCCU LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr D A Campbell
Mr J Carrison





REGISTERED OFFICE: Whytes Coaches
Scotstown Road
Newmachar
Aberdeen
AB21 7PP





REGISTERED NUMBER: SC528746 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

WCCU LIMITED (REGISTERED NUMBER: SC528746)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 560,752 89,483

CURRENT ASSETS
Cash at bank and in hand 117 163

CREDITORS
Amounts falling due within one year 6 231,050 198,103
NET CURRENT LIABILITIES (230,933 ) (197,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,819

(108,457

)

CREDITORS
Amounts falling due after more than one year 7 278,621 310,085
NET ASSETS/(LIABILITIES) 51,198 (418,542 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 51,098 (418,642 )
SHAREHOLDERS' FUNDS 51,198 (418,542 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 January 2025 and were signed on its behalf by:





Mr D A Campbell - Director


WCCU LIMITED (REGISTERED NUMBER: SC528746)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wccu 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern
The company's shareholders have confirmed that they will provide adequate resources to ensure that the company continues its operational existence for the foreseeable future. In particular they have confirmed that they will ensure all liabilities are met. As such, the directors have prepared the financial statements under the going concern principle. In coming to this conclusion, the directors have paid particular attention to the period of one year from the date of approval of the financial statements. The directors have also assessed the shareholders ability to provide such financial support and are satisfied of this.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in group undertakings are measured at fair value with changes in valuation recognised in the profit and loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2023 89,483
Revaluations 471,269
At 30 April 2024 560,752
NET BOOK VALUE
At 30 April 2024 560,752
At 30 April 2023 89,483

WCCU LIMITED (REGISTERED NUMBER: SC528746)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2017 (255,035 )
Valuation in 2018 (146,023 )
Valuation in 2019 (152,344 )
Valuation in 2020 (45,377 )
Valuation in 2021 28,262
Valuation in 2024 471,269
Cost 660,000
560,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 191,756 158,809
Amounts owed to associates 35,999 35,999
Directors' current accounts 1,975 1,975
Accrued expenses 1,320 1,320
231,050 198,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 278,621 310,085

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr D A Campbell
Balance outstanding at start of year (1,975 ) (1,975 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,975 ) (1,975 )

The above loan is interest free and has no set repayment terms.

10. RELATED PARTY DISCLOSURES

During the year the company has made net term loan repayments to Steven Whyte, a shareholder of the company, of £31,464 (2023: £34,595). As at the year end a balance is due to Steven Whyte in respect of term loans of £314,621 (2023: £346,085).

WCCU LIMITED (REGISTERED NUMBER: SC528746)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

11. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors by virtue of their combined ownership of 74% of the issued share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WCCU LIMITED (REGISTERED NUMBER: SC528746)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wccu Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wccu Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wccu Limited and state those matters that we have agreed to state to the Board of Directors of Wccu Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wccu Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wccu Limited. You consider that Wccu Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wccu Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


8 January 2025