1 May 2022 false No description of principal activity Taxfiler 2023.9 SC595048business:PrivateLimitedCompanyLtd2022-05-012023-04-30 SC5950482022-04-30 SC5950482022-05-012023-04-30 SC595048business:AuditExemptWithAccountantsReport2022-05-012023-04-30 SC595048business:FilletedAccounts2022-05-012023-04-30 SC5950482023-04-30 SC595048business:Director12022-05-012023-04-30 SC595048business:RegisteredOffice2022-05-012023-04-30 SC5950482022-04-30 SC595048core:WithinOneYear2023-04-30 SC595048core:WithinOneYear2022-04-30 SC595048core:AfterOneYear2023-04-30 SC595048core:AfterOneYear2022-04-30 SC595048core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC595048core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC595048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC595048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC595048core:PreviouslyStatedAmount2023-04-30 SC595048core:PreviouslyStatedAmount2022-04-30 SC595048business:SmallEntities2022-05-012023-04-30 SC595048countries:Scotland2022-05-012023-04-30 SC5950482021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC595048 (Scotland)
Western Property Lettings Limited Unaudited accounts for the year ended 30 April 2023
Western Property Lettings Limited Unaudited accounts Contents
Page
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Western Property Lettings Limited Company Information for the year ended 30 April 2023
Director
Scott Ferrie
Company Number
SC595048 (Scotland)
Registered Office
27 Craiglea Road Clydebank G81 6HS United Kingdom
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Western Property Lettings Limited for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Western Property Lettings Limited for the year ended 30 April 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd Chartered Accountants Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ 25 August 2023
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Western Property Lettings Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
120,000 
Current assets
Debtors
15,104 
243 
Cash at bank and in hand
30,788 
18,125 
45,892 
18,368 
Creditors: amounts falling due within one year
(27,494)
(55,338)
Net current assets/(liabilities)
18,398 
(36,970)
Total assets less current liabilities
18,398 
83,030 
Creditors: amounts falling due after more than one year
- 
(57,400)
Provisions for liabilities
Deferred tax
- 
(4,836)
Net assets
18,398 
20,794 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,397 
20,793 
Shareholders' funds
18,398 
20,794 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2023 and were signed on its behalf by
Scott Ferrie Director Company Registration No. SC595048
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Western Property Lettings Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Western Property Lettings Limited is a private company, limited by shares, registered in Scotland, registration number SC595048. The registered office is 27 Craiglea Road, Clydebank, G81 6HS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 May 2022
120,000 
Disposals
(120,000)
At 30 April 2023
- 
Investment property comprises residential property available for let. The fair value of the investment property has been arrived at on the basis of internal valuation by the Director as at 30th April 2022 and is based on current market values of similar assets in the same area as the company investments. The director deems that the fair value of the assets is £120,000. If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £95,548.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
243 
Other debtors
15,104 
- 
15,104 
243 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
265 
4,859 
Taxes and social security
4,319 
44 
Other creditors
13,000 
40,648 
Loans from directors
7,683 
7,372 
Accruals
2,227 
2,415 
27,494 
55,338 
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Western Property Lettings Limited Notes to the Accounts for the year ended 30 April 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
57,400 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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