Registration number: SC800090

Wormiteers Limited

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 3

Wormiteers Limited

(Registration number: SC800090)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	4	573,909	-
Current assets
Debtors		364	100
Cash at bank and in hand		460,025	-
		460,389	100
Creditors: Amounts falling due within one year		(1,067,442)	-
Net current (liabilities)/assets		(607,053)	100
Net (liabilities)/assets		(33,144)	100
Capital and reserves
Called up share capital		100	100
Other reserves		1,375	-
Profit and loss account		(34,619)	-
Total equity		(33,144)	100

For the financial period ending 31 March 2025 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 of its accounts for the period 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:
 

Mr R H Mauritzen

Director

Mrs F Mauritzen

Director

Wormiteers Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 February 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
6 St Fort Road
Wormit
Newport-On-Tay
DD6 8LA

These financial statements were authorised for issue by the Board on 8 October 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Disclosure of long or short period

The company extended the accounting period from 28 February 2025 to 31 March 2025 in order to align the accounting period with the Scottish tax year.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 March 2025, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Wormiteers Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 February 2024 to 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Fair value adjustments	(36,231)	(36,231)
Additions	612,289	612,289
Disposals	(2,149)	(2,149)
At 31 March 2025	573,909	573,909
Carrying amount
At 31 March 2025	573,909	573,909