Company Registration No. 10510465 (England and Wales)
Western Gold Exploration (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
Western Gold Exploration (UK) Limited
Unaudited accounts
Contents
Western Gold Exploration (UK) Limited
Company Information
for the year ended 31 December 2024
Directors
Ross McLellan
Chelsea Hayes
Company Number
10510465 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Western Gold Exploration (UK) Limited
Statement of financial position
as at 31 December 2024
Intangible assets
319,700
319,700
Tangible assets
4,981
8,907
Debtors
1,017,484
1,062,825
Cash at bank and in hand
23,199
103,999
Creditors: amounts falling due within one year
(9,823)
(4,572)
Net current assets
1,030,860
1,162,252
Total assets less current liabilities
1,355,541
1,490,859
Creditors: amounts falling due after more than one year
(3,472,377)
(2,930,244)
Net liabilities
(2,116,836)
(1,439,385)
Called up share capital
199,678
199,678
Share premium
2,293,824
1,414,293
Profit and loss account
(4,610,338)
(3,053,356)
Shareholders' funds
(2,116,836)
(1,439,385)
For the year ending 31 December 2024 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 19 September 2025 and were signed on its behalf by
Ross McLellan
Director
Company Registration No. 10510465
Western Gold Exploration (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
Western Gold Exploration (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 10510465. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 December 2024
319,700
At 31 December 2024
319,700
At 31 December 2023
319,700
Western Gold Exploration (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
10,989
4,761
15,750
At 31 December 2024
10,989
4,761
15,750
At 1 January 2024
3,873
2,970
6,843
Charge for the year
2,135
1,791
3,926
At 31 December 2024
6,008
4,761
10,769
At 31 December 2024
4,981
-
4,981
At 31 December 2023
7,116
1,791
8,907
Amounts falling due within one year
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
2024
2023
Taxes and social security
4,218
4,193
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
3,472,377
2,930,244
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).