PTP Accounts Production v20.3.0.228 SC379917 Board of Directors 1.7.21 30.6.22 30.6.22 property holding and leasing. 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3799172021-06-30SC3799172022-06-30SC3799172021-07-012022-06-30SC3799172020-06-30SC3799172020-07-012021-06-30SC3799172021-06-30SC379917ns16:Scotland2021-07-012022-06-30SC379917ns15:PoundSterling2021-07-012022-06-30SC379917ns11:Director12021-07-012022-06-30SC379917ns11:PrivateLimitedCompanyLtd2021-07-012022-06-30SC379917ns11:SmallEntities2021-07-012022-06-30SC379917ns11:AuditExempt-NoAccountantsReport2021-07-012022-06-30SC379917ns11:SmallCompaniesRegimeForDirectorsReport2021-07-012022-06-30SC379917ns11:SmallCompaniesRegimeForAccounts2021-07-012022-06-30SC379917ns11:FullAccounts2021-07-012022-06-30SC379917ns11:Director22021-07-012022-06-30SC379917ns11:RegisteredOffice2021-07-012022-06-30SC379917ns6:CurrentFinancialInstruments2022-06-30SC379917ns6:CurrentFinancialInstruments2021-06-30SC379917ns6:ShareCapital2022-06-30SC379917ns6:ShareCapital2021-06-30SC379917ns6:RetainedEarningsAccumulatedLosses2022-06-30SC379917ns6:RetainedEarningsAccumulatedLosses2021-06-30SC379917ns6:OwnedAssets2021-07-012022-06-30SC379917ns6:OwnedAssets2020-07-012021-06-30SC379917ns6:PlantMachinery2021-06-30SC379917ns6:PlantMachinery2021-07-012022-06-30SC379917ns6:PlantMachinery2022-06-30SC379917ns6:PlantMachinery2021-06-30SC379917ns6:CurrentFinancialInstrumentsns6:WithinOneYear2022-06-30SC379917ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-06-30
REGISTERED NUMBER: SC379917 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Watchman Property Company Ltd

Watchman Property Company Ltd (Registered number: SC379917)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Watchman Property Company Ltd

Company Information
for the Year Ended 30 June 2022







DIRECTORS: P Fraser
P Fraser





REGISTERED OFFICE: Station House
Monymusk
Aberdeenshire
AB51 7HR





REGISTERED NUMBER: SC379917 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
12 Allardice Street
Stonehaven
Aberdeenshire
AB39 2BQ

Watchman Property Company Ltd (Registered number: SC379917)

Report of the Directors
for the Year Ended 30 June 2022

The directors present their report with the financial statements of the company for the year ended 30 June 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2021 to the date of this report.

P Fraser
P Fraser

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Fraser - Director


16 August 2022

Watchman Property Company Ltd (Registered number: SC379917)

Income Statement
for the Year Ended 30 June 2022

30.6.22 30.6.21
Notes £    £   

TURNOVER - -

Administrative expenses 13,329 9,961
(13,329 ) (9,961 )

Other operating income 21,743 26,845
OPERATING PROFIT 4 8,414 16,884

Interest receivable and similar income 233 197
PROFIT BEFORE TAXATION 8,647 17,081

Tax on profit 1,787 37
PROFIT FOR THE FINANCIAL YEAR 6,860 17,044

Watchman Property Company Ltd (Registered number: SC379917)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,450 6,450
Investment property 6 299,115 299,115
304,565 305,565

CURRENT ASSETS
Debtors 7 756 456
Cash at bank 80,533 71,183
81,289 71,639
CREDITORS
Amounts falling due within one year 8 379,971 374,181
NET CURRENT LIABILITIES (298,682 ) (302,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,883

3,023

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,783 2,923
SHAREHOLDERS' FUNDS 5,883 3,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:





P Fraser - Director


Watchman Property Company Ltd (Registered number: SC379917)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Watchman Property Company Ltd 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.

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.22 30.6.21
£    £   
Depreciation - owned assets 1,810 2,150

Watchman Property Company Ltd (Registered number: SC379917)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021 11,354
Additions 810
At 30 June 2022 12,164
DEPRECIATION
At 1 July 2021 4,904
Charge for year 1,810
At 30 June 2022 6,714
NET BOOK VALUE
At 30 June 2022 5,450
At 30 June 2021 6,450

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2021
and 30 June 2022 299,115
NET BOOK VALUE
At 30 June 2022 299,115
At 30 June 2021 299,115

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Other debtors 756 456

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Taxation and social security 1,787 37
Other creditors 378,184 374,144
379,971 374,181