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Registration number: 01691001

Weatherstone Properties Limited
Annual Report and Unaudited Financial Statements
for the Period from 1 August 2024 to 29 July 2025

Weatherstone Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Weatherstone Properties Limited

Company Information

Director | C Weatherstone

Registered office | 1 English Business Park English Close Hove East Sussex BN3 7ET

Accountants | Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Weatherstone Properties Limited

(Registration number: 01691001)
Balance Sheet as at 29 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 357 | 476
Investment property | 6 | 1,160,000 | 1,160,000
Investments | 7 | 952,250 | 952,250
Other financial assets | 8 | 6 | 6
|  | 2,112,613 | 2,112,732
Current assets |  |  |
Stocks | 9 | 2,263,171 | 2,249,139
Debtors | 10 | 676,738 | 668,859
Cash at bank and in hand |  | 78 | 2,431
|  | 2,939,987 | 2,920,429
Creditors: Amounts falling due within one year | 15 | (2,045,255) | (1,724,893)
Net current assets |  | 894,732 | 1,195,536
Total assets less current liabilities |  | 3,007,345 | 3,308,268
Creditors: Amounts falling due after more than one year | 15 | (2,245,893) | (2,422,401)
Provisions for liabilities |  | (132,543) | (132,543)
Net assets |  | 628,909 | 753,324
Capital and reserves |  |  |
Called up share capital | 14 | 1,201 | 1,200
Other reserves |  | 624,284 | 624,284
Retained earnings |  | 3,424 | 127,840
Shareholders' funds |  | 628,909 | 753,324

For the financial period ending 29 July 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 period 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.

Weatherstone Properties Limited

(Registration number: 01691001)
Balance Sheet as at 29 July 2025

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 4 August 2026

.........................................

C Weatherstone

Director

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

1 | General information

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

The address of its registered office is:
1 English Business Park
English Close
Hove
East Sussex
BN3 7ET

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of development properties.

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
Plant and machinery | 25% reducing balance
Fixtures and fittings | 25% reducing balance

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Non-distributable reserve

The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.
On disposal of investment property the aggregate fair value adjustment is transferred back to profit and loss reserves and the deferred tax provision is transferred to current tax liabilities.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

4 | Taxation charge

The tax for the period is attributable to: | 2024 £
Total tax charge for period | -

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 105,707 | 2,909 | 108,616
At 29 July 2025 | 105,707 | 2,909 | 108,616
Depreciation
At 1 August 2024 | 105,231 | 2,909 | 108,140
Charge for the period | 119 | - | 119
At 29 July 2025 | 105,350 | 2,909 | 108,259
Carrying amount
At 29 July 2025 | 357 | - | 357
At 31 July 2024 | 476 | - | 476

6 | Investment properties

| 2025 £
At 1 August | 1,160,000
At 29 July | 1,160,000

7 | Investments

| 2025 £ | 2024 £
Investments in associates | 952,250 | 952,250

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

Associates | £
Cost
At 1 August 2024 | 952,250
Provision
Carrying amount
At 29 July 2025 | 952,250
At 31 July 2024 | 952,250

8 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at cost less impairment | 6 | 6

9 | Stocks

| 2025 £ | 2024 £
Other inventories | 2,263,171 | 2,249,139

10 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,767 | 2,722
Other debtors | 674,971 | 666,137
| 676,738 | 668,859

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

11 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,245,893 | 2,422,401

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 50,000 | 50,000
Bank overdrafts | 1,384 | -
| 51,384 | 50,000

12 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £

13 | Related party transactions

Transactions with the director

2025 | At 1 August 2024 £ | At 29 July 2025 £
C Weatherstone
Directors loan from company | 388,191 | 388,191

2024 | At 1 August 2023 £ | At 31 July 2024 £
C Weatherstone
Directors loan from company | 440,346 | 388,191

Summary of transactions with all entities with joint control or significant interest

Weatherstone Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 29 July 2025

Britannia House Developments Limited, a company who the Director Mr C Weatherstone is a director and shareholder. Loan due from Britannia House Developments Limited at year end amounted to £153,383 (2024 - £153,383).
Reefsouth Limited, a company in which Mr C Weatherstone is also a director and shareholder. Loan due to Reefsouth Limited at year end amounted to £1,516,538 (2024 - £1,193,135)

14 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 999 | 999 | 999 | 999

15 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 51,384 | 50,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 13 | 1,516,538 | 1,193,135
Accruals and deferred income |  | 7,740 | 7,325
Other creditors |  | 469,593 | 474,433
|  | 2,045,255 | 1,724,893

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 2,245,893 | 2,422,401