Registration number:
Weorclic Limited
for the Year Ended 31 July 2024
Weorclic Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Weorclic Limited
Company Information
Directors |
Mr Charles Henry Fairpo Mr Richard William Wharton Mr Peter Craig-Cooper |
Registered office |
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Weorclic Limited
Directors' Report for the Year Ended 31 July 2024
The directors present their report and the financial statements for the year ended 31 July 2024.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the year were as follows:
Going concern
At the year end the company had net current liabilities of £980 and net liabilities of £60,524.
During the year, and since the year end, no material additional funds have been made available to the company. As a result, development activities have stopped and costs reduced to the absolute minimum.
Shareholders who have provided working capital loans to the company that are outstanding as at the date of these financial statements have undertaken not to call for repayment of amounts due until such time as the company has adequate resources to make the repayments while remaining a going concern.
Hence, the directors have drawn up these accounts on a going concern basis.
In March 2024, one of the company's major shareholders entered insolvency proceedings and is currently in administration. Their shareholding carries rights relating to the appointment of a director and a requirement that their appointed director be involved in certain activities including board decisions and approve certain matters. However, since prior to March 2024, their appointed director, Richard Wharton, has taken no active role in the management of the company nor in board activities, including in relation to the approval of these financial statements. The administrators of the shareholder have confirmed that they are not appointing anyone to fill the board seat nor will they be exercising any of the powers relating to the shareholding set out in the shareholders' agreement. Richard Wharton therefore remains a director of the company as neither the other directors nor the other shareholders have the right to remove him.
Given the situation and the existential risk to the company of not doing so, the remaining directors have concluded that they have a fiduciary as well as a legal duty to file these financial statements, irrespective of any matters set out in the shareholders' agreement.
Weorclic Limited
Directors' Report for the Year Ended 31 July 2024
Small companies provision statement
This report has 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.
Approved and authorised by the
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Weorclic Limited
(Registration number: 10847009)
Balance Sheet as at 31 July 2024
2024 |
2023 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in Enlgand & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Weorclic Limited
(Registration number: 10847009)
Balance Sheet as at 31 July 2024
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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