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Registration number: 06655611

Western Discoveries Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Western Discoveries Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Western Discoveries Limited

Company Information

Director | Mr R A Peake

Company secretary | Mrs S R Peake

Registered office | Chynoey Newmill Penzance Cornwall TR20 8XW

Accountants | D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Western Discoveries Limited

(Registration number: 06655611)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 412 | 18
Current assets |  |  |
Stocks | 5 | 400 | 400
Debtors | 6 | 8,052 | 15,216
Cash at bank and in hand |  | 99,219 | 95,108
|  | 107,671 | 110,724
Creditors: Amounts falling due within one year | 7 | (40,639) | (33,711)
Net current assets |  | 67,032 | 77,013
Total assets less current liabilities |  | 67,444 | 77,031
Provisions for liabilities |  | (53) | (4)
Net assets |  | 67,391 | 77,027
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Retained earnings |  | 67,191 | 76,827
Shareholders' funds |  | 67,391 | 77,027

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 July 2026

......................................... Mr R A Peake Director

Western Discoveries Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chynoey
Newmill
Penzance
Cornwall
TR20 8XW

These financial statements were authorised for issue by the director on 3 July 2026.

2 | 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.

The presentational currency in these financial statements is GB pounds sterling £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and returns.
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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

Western Discoveries Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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:

Asset class | Depreciation method and rate
Office equipment | 25% straight line
Website | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Western Discoveries Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

3 | Staff numbers

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Website £ | Total £
Cost or valuation
At 1 December 2024 | 2,091 | 29,555 | 31,646
Additions | 550 | - | 550
At 30 November 2025 | 2,641 | 29,555 | 32,196
Depreciation
At 1 December 2024 | 2,073 | 29,555 | 31,628
Charge for the year | 156 | - | 156
At 30 November 2025 | 2,229 | 29,555 | 31,784
Carrying amount
At 30 November 2025 | 412 | - | 412
At 30 November 2024 | 18 | - | 18

Western Discoveries Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 400 | 400

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 7,341 | 7,376
Prepayments | 711 | 822
Other debtors | - | 7,018
| 8,052 | 15,216

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 4,168 | 11,706
Accruals and deferred income | 2,110 | 2,010
Other creditors | 34,361 | 19,995
| 40,639 | 33,711

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200

Western Discoveries Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9 | Related party transactions

Transactions with director

2025 | At 1 December 2024 £ | Advances to director £ | Repayments by director £ | At 30 November 2025 £
Mr R A Peake
Interest-free loan to the director, repayable on demand | 7,018 | 70,346 | (89,495) | (12,131)

2024 | At 1 December 2023 £ | Advances to director £ | Repayments by director £ | At 30 November 2024 £
Mr R A Peake
Interest-free loan to the director, repayable on demand | 4,316 | 80,184 | (77,482) | 7,018

10 | Parent and ultimate parent undertaking

The ultimate controlling party is the director and his wife.