Silverfin false false 31/03/2025 01/04/2024 31/03/2025 A Hardie 03/03/2015 28 November 2025 The principal activity of the Company during the financial year was that of timber sales, pallet manufacturing, machinery hire and OFGEM income generation. SC499437 2025-03-31 SC499437 bus:Director1 2025-03-31 SC499437 2024-03-31 SC499437 core:CurrentFinancialInstruments 2025-03-31 SC499437 core:CurrentFinancialInstruments 2024-03-31 SC499437 core:Non-currentFinancialInstruments 2025-03-31 SC499437 core:Non-currentFinancialInstruments 2024-03-31 SC499437 core:ShareCapital 2025-03-31 SC499437 core:ShareCapital 2024-03-31 SC499437 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC499437 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC499437 core:LandBuildings 2024-03-31 SC499437 core:PlantMachinery 2024-03-31 SC499437 core:Vehicles 2024-03-31 SC499437 core:FurnitureFittings 2024-03-31 SC499437 core:OfficeEquipment 2024-03-31 SC499437 core:LandBuildings 2025-03-31 SC499437 core:PlantMachinery 2025-03-31 SC499437 core:Vehicles 2025-03-31 SC499437 core:FurnitureFittings 2025-03-31 SC499437 core:OfficeEquipment 2025-03-31 SC499437 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 SC499437 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 SC499437 bus:OrdinaryShareClass1 2025-03-31 SC499437 2024-04-01 2025-03-31 SC499437 bus:FilletedAccounts 2024-04-01 2025-03-31 SC499437 bus:SmallEntities 2024-04-01 2025-03-31 SC499437 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC499437 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC499437 bus:Director1 2024-04-01 2025-03-31 SC499437 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 SC499437 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 SC499437 core:FurnitureFittings 2024-04-01 2025-03-31 SC499437 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 SC499437 2023-04-01 2024-03-31 SC499437 core:LandBuildings 2024-04-01 2025-03-31 SC499437 core:PlantMachinery 2024-04-01 2025-03-31 SC499437 core:Vehicles 2024-04-01 2025-03-31 SC499437 core:OfficeEquipment 2024-04-01 2025-03-31 SC499437 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC499437 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC499437 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC499437 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC499437 (Scotland)

# WMH DEVELOPMENTS LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

WMH DEVELOPMENTS LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

WMH DEVELOPMENTS LTD

## BALANCE SHEET

AS AT 31 MARCH 2025
WMH DEVELOPMENTS LTD

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 511,553 |  | 277,830
|  | 511,553 |  | 277,830
Current assets |  |  |  |
Stocks |  | 0 |  | 5,721
Debtors | 4 | 482,230 |  | 471,009
Cash at bank and in hand |  | 122,035 |  | 103,643
|  | 604,265 |  | 580,373
Creditors: amounts falling due within one year | 5 | ( 205,659) |  | ( 211,335)
Net current assets |  | 398,606 |  | 369,038
Total assets less current liabilities |  | 910,159 |  | 646,868
Creditors: amounts falling due after more than one year | 6 | ( 278,579) |  | ( 107,627)
Provision for liabilities |  | ( 44,991) |  | 0
Net assets |  | 586,589 |  | 539,241
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 586,489 |  | 539,141
Total shareholders' funds |  | 586,589 |  | 539,241

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wmh Developments Ltd (registered number: SC499437) were approved and authorised for issue by the Director on 28 November 2025. They were signed on its behalf by:

A Hardie Director |

WMH DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
WMH DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Wmh Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Seven Gables Polmont Park, Polmont, Falkirk, FK2 0XT, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of timber, pallets and other renewable heat incentive income, and is shown net of VAT and other sales related taxes, where applicable. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable
right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings | not depreciated
Plant and machinery | 5 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 20 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The company is satisfied that there are no indications that assets have suffered an impairment loss.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 6 |  | 8

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 95,548 |  | 282,182 |  | 168,366 |  | 4,867 |  | 1,365 |  | 552,328
Additions | 0 |  | 246,500 |  | 84,865 |  | 0 |  | 582 |  | 331,947
Disposals | 0 |  | 0 |  | 0 |  | 0 |  | ( 698) |  | ( 698)
At 31 March 2025 | 95,548 |  | 528,682 |  | 253,231 |  | 4,867 |  | 1,249 |  | 883,577
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 249,764 |  | 21,665 |  | 1,859 |  | 1,210 |  | 274,498
Charge for the financial year | 0 |  | 41,101 |  | 56,236 |  | 602 |  | 207 |  | 98,146
Disposals | 0 |  | 0 |  | 0 |  | 0 |  | ( 620) |  | ( 620)
At 31 March 2025 | 0 |  | 290,865 |  | 77,901 |  | 2,461 |  | 797 |  | 372,024
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 95,548 |  | 237,817 |  | 175,330 |  | 2,406 |  | 452 |  | 511,553
At 31 March 2024 | 95,548 |  | 32,418 |  | 146,701 |  | 3,008 |  | 155 |  | 277,830

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 59,497 |  | 29,609
Amounts owed by related parties | 396,413 |  | 424,309
Corporation tax | 81 |  | 0
Other debtors | 26,239 |  | 17,091
| 482,230 |  | 471,009

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 20,000 |  | 20,000
Trade creditors | 33,654 |  | 41,303
Amounts owed to related parties | 3,597 |  | 3,500
Taxation and social security | 2,001 |  | 46,601
Obligations under finance leases and hire purchase contracts | 123,028 |  | 54,193
Other creditors | 23,379 |  | 45,738
| 205,659 |  | 211,335

Hire purchase liabilities are secured against the assets to which they relate

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,333 |  | 23,333
Obligations under finance leases and hire purchase contracts | 275,246 |  | 84,294
| 278,579 |  | 107,627

Hire purchase liabilities are secured against the assets to which they relate.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts owed to key management personnel | 383 |  | 26,146

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to other related parties | 3,597 |  | 3,500
Amounts owed from other related parties | 387,413 |  | 424,309

These loans are interest free and have no fixed repayment terms.