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REGISTERED NUMBER: SC541343 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

JWD ESTATES LIMITED

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

JWD ESTATES LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J A Dickie
W M Dickie



REGISTERED OFFICE: 29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA



REGISTERED NUMBER: SC541343 (Scotland)



ACCOUNTANTS: Sharles CA
29 Brandon Street
Hamilton
ML3 6DA



BANKERS: Bank of Scotland plc
The Mound
Edinburgh
EH1 1YZ

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Balance Sheet
31 December 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 890,476 890,476

CURRENT ASSETS
Cash at bank 21,528 18,017

CREDITORS
Amounts falling due within one year 6 454,678 453,742
NET CURRENT LIABILITIES (433,150 ) (435,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,326

454,751

CREDITORS
Amounts falling due after more than one
year

7

375,471

393,738
NET ASSETS 81,855 61,013

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 81,835 60,993
SHAREHOLDERS' FUNDS 81,855 61,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2022 and were signed on its behalf by:





J A Dickie - Director


JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

JWD Estates Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from rental income on the various properties owned by the company.

Turnover therefore represents the value of rentals receivable, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 890,476
NET BOOK VALUE
At 31 December 2021 890,476
At 31 December 2020 890,476

The investment property is stated at fair value. This is based on a valuation by the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts 18,334 17,652
Taxation and social security 4,889 4,519
Other creditors 431,455 431,571
454,678 453,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/21 31/12/20
£    £   
Bank loans 375,471 393,738

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 293,900 315,582

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/21 31/12/20
£    £   
Bank loans 393,805 411,390

Bank of Scotland plc holds fixed securities against various properties held by the company in addition to a floating charge over the assets of the company.

9. RELATED PARTY DISCLOSURES

The company has a loan balance with Dickie & Moore Homes Ltd, a company under common control. This loan is unsecured, interest free and has no fixed repayment terms. At the year end the company owed Dickie & Moore Homes Ltd £429,780 (2020 - £429,780).

The company operates a loan account with the directors. This loan is unsecured, interest free and has no fixed repayment terms. At the year end the company owed the directors £136 (2020 - £136).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
JWD Estates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JWD Estates Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of JWD Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JWD Estates Limited and state those matters that we have agreed to state to the Board of Directors of JWD Estates Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JWD Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JWD Estates Limited. You consider that JWD Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JWD Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles CA
29 Brandon Street
Hamilton
ML3 6DA


29 August 2022