Weavers Properties Limited 31/05/2025 iXBRL

Company registration number: 05127025

Weavers Properties Limited

Unaudited filleted financial statements

31 May 2025

Weavers Properties Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Weavers Properties Limited

Directors and other information


	Directors	Derek M Nowell
		Rachael D Nowell


	Secretary	Derek M Nowell


	Company number	05127025


	Registered office	Bridge End Yard
		Settle
		BD24 9DS


	Business address	Bridge End Yard
		Settle
		BD24 9DS


	Accountants	Windle and Bowker Limited
		Croft House
		Station Road
		Barnoldswick
		Lancashire
		BB18 5NA

Weavers Properties Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	64,144		74,753
Investments	6	5,165,384		5,207,190
		_______		_______
			5,229,528		5,281,943

Current assets
Debtors	7	22,964		25,149
Cash at bank and in hand		175,954		404,081
		_______		_______
		198,918		429,230
Creditors: amounts falling due
within one year	8	( 1,481,657)		( 1,887,473)
		_______		_______
Net current liabilities			( 1,282,739)		( 1,458,243)
			_______		_______
Total assets less current liabilities			3,946,789		3,823,700

Creditors: amounts falling due
after more than one year	9		( 478,000)		( 539,000)
			_______		_______
Net assets			3,468,789		3,284,700
			_______		_______

Capital and reserves
Called up share capital			4		4
Profit and loss account			3,468,785		3,284,696
			_______		_______
Shareholders funds			3,468,789		3,284,700
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Derek M Nowell

Director

Company registration number: 05127025

Weavers Properties Limited

Statement of changes in equity

Year ended 31 May 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2023	4	3,073,546	3,073,550

Profit for the year		211,150	211,150
	_______	_______	_______
Total comprehensive income for the year	-	211,150	211,150

	_______	_______	_______
At 31 May 2024 and 1 June 2024	4	3,284,696	3,284,700

Profit for the year		184,089	184,089
	_______	_______	_______
Total comprehensive income for the year	-	184,089	184,089

	_______	_______	_______
At 31 May 2025	4	3,468,785	3,468,789
	_______	_______	_______

Weavers Properties Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Bridge End Yard, Settle, BD24 9DS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	10 %	reducing balance
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 June 2024 and 31 May 2025	93,059	39,170	132,229
	_______	_______	_______
Depreciation
At 1 June 2024	49,642	7,834	57,476
Charge for the year	4,342	6,267	10,609
	_______	_______	_______
At 31 May 2025	53,984	14,101	68,085
	_______	_______	_______
Carrying amount
At 31 May 2025	39,075	25,069	64,144
	_______	_______	_______
At 31 May 2024	43,417	31,336	74,753
	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	5,533,786	5,533,786
	_______	_______
Impairment
At 1 June 2024	326,596	326,596
Other movements	41,806	41,806
	_______	_______
At 31 May 2025	368,402	368,402
	_______	_______
Carrying amount
At 31 May 2025	5,165,384	5,165,384
	_______	_______
At 31 May 2024	5,207,190	5,207,190
	_______	_______

The Directors have considered the valuation of the Company's freehold investment property at the year end date on an open market value basis. The Directors are of the opnion that the valuation included in the financial staments is a fair value.There has been no valuation of investment property by an independent valuer.

7. Debtors

	2025	2024
	£	£
Trade debtors	15,190	17,794
Other debtors	7,774	7,355
	_______	_______
	22,964	25,149
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	72,871	80,330
Trade creditors	1,034	101
Corporation tax	78,906	73,469
Social security and other taxes	17,162	12,133
Other creditors	1,311,684	1,721,440
	_______	_______
	1,481,657	1,887,473
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	478,000	539,000
	_______	_______

10. Directors advances, credits and guarantees

The Directors provided loans to the company, interest is charged on the loans at commercial rates. The balance due to them at the year end was £1,089,918 (31 May 2024 - £1,402,923). This balance is included in creditors falling due within one year.

11. Related party transactions

Included in other Creditors are amouints owing to G Nowell Limited £99,331 (2024 - £199,331) and G & S Nowell £62,807 (2024 - £62,807) who are related to the Directors.

12. Controlling party

The company is a wholly owned subsidiary of No Properties Limited.