Weir Mill Limited 03040456 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of property management. Digita Accounts Production Advanced 6.30.9574.0 true true 03040456 2023-03-01 2024-02-29 03040456 2024-02-29 03040456 core:RetainedEarningsAccumulatedLosses 2024-02-29 03040456 core:ShareCapital 2024-02-29 03040456 core:CurrentFinancialInstruments 2024-02-29 03040456 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 03040456 core:LandBuildings 2024-02-29 03040456 bus:SmallEntities 2023-03-01 2024-02-29 03040456 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 03040456 bus:FilletedAccounts 2023-03-01 2024-02-29 03040456 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03040456 bus:RegisteredOffice 2023-03-01 2024-02-29 03040456 bus:Director9 2023-03-01 2024-02-29 03040456 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03040456 countries:AllCountries 2023-03-01 2024-02-29 03040456 2023-02-28 03040456 core:LandBuildings 2023-02-28 03040456 2022-03-01 2023-02-28 03040456 2023-02-28 03040456 core:RetainedEarningsAccumulatedLosses 2023-02-28 03040456 core:ShareCapital 2023-02-28 03040456 core:CurrentFinancialInstruments 2023-02-28 03040456 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 03040456 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 03040456

Weir Mill Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Weir Mill Limited

(Registration number: 03040456)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,817

19,817

Current assets

 

Debtors

5

14

14

Cash at bank and in hand

 

3,415

1,486

 

3,429

1,500

Creditors: Amounts falling due within one year

6

(17,837)

(41,351)

Net current liabilities

 

(14,408)

(39,851)

Net assets/(liabilities)

 

5,409

(20,034)

Capital and reserves

 

Called up share capital

14

14

Retained earnings

5,395

(20,048)

Shareholders' funds/(deficit)

 

5,409

(20,034)

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Weir Mill Limited

(Registration number: 03040456)
Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
Ms N Malhan
Director

 

Weir Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
14 Weir Mill
Mill Street
West Malling
East Malling
Kent
ME19 6DW

These financial statements were authorised for issue by the Board on 27 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Depreciation is not provided on freehold title. The directors consider that, after taking into account the policy of maintaining the property in a continual state of sound repair and making improvements from time to time, the expected residual value of the title, assessed on the prices prevailing at the time of aquisition, is not materially different from the amount which the title is included in the accounts. The directors also consider that the remaining useful life of the title is more than 50 years. Therefore the depreciation charge would be insignificant.

 

Weir Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Weir Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2023

19,817

19,817

At 29 February 2024

19,817

19,817

Depreciation

Carrying amount

At 29 February 2024

19,817

19,817

At 28 February 2023

19,817

19,817

Included within the net book value of land and buildings above is £19,817 (2023 - £19,817) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Other debtors

14

14

14

14

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

480

430

Accruals and deferred income

528

475

Other creditors

16,829

40,446

17,837

41,351