Registration number:
Weatherhaven Global Solutions Limited
for the
Year Ended 31 December 2024
Weatherhaven Global Solutions Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Weatherhaven Global Solutions Limited
Company Information
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Directors |
Mr J Kirk Dr S E Kirk Mr E Nohra |
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Registered office |
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Auditors |
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Weatherhaven Global Solutions Limited
(Registration number: 06666979)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Retained earnings |
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Shareholders' funds |
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Weatherhaven Global Solutions Limited
(Registration number: 06666979)
Balance Sheet as at 31 December 2024
(continued)
Approved and authorised by the
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Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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2 |
Accounting policies (continued) |
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
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Foreign currency transactions and balances
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.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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2 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold property improvements |
Over the term of the lease |
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Motor vehicles |
25% of written down value per annum |
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Plant and equipment |
15% to 50% of cost per annum |
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Fixtures and fittings |
20% of cost per annum |
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Computer equipment |
33% of cost per annum |
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Demonstration equipment |
20% of cost per annum |
Amortisation
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Asset class |
Amortisation method and rate |
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Software licences |
20% of cost per annum |
Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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2 |
Accounting policies (continued) |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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Disposals |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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Tangible assets (continued) |
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Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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Disposals |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Stocks |
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2024 |
2023 |
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Work in progress |
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Other inventories |
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Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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Debtors |
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Current |
2024 |
2023 |
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Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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200 |
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200 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Related party transactions |
Summary of transactions with parent
Income and receivables from related parties
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2024 |
Parent |
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Sale of goods |
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2023 |
Parent |
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Sale of goods |
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Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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10 |
Related party transactions (continued) |
Expenditure with and payables to related parties
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2024 |
Parent |
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Purchase of goods |
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Rendering of services |
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2023 |
Parent |
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Purchase of goods |
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Rendering of services |
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Loans from related parties
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2024 |
Parent |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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2023 |
Parent |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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Terms of loans from related parties
Weatherhaven Global Solutions Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is