2 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 202,096 185,543 2,483 188,026 14,070 16,553 3,330,000 3,330,000 3,330,000 xbrli:pure xbrli:shares iso4217:GBP SC225430 2022-09-01 2023-08-31 SC225430 2023-08-31 SC225430 2022-08-31 SC225430 2021-09-01 2022-08-31 SC225430 2022-08-31 SC225430 core:FurnitureFittings 2022-09-01 2023-08-31 SC225430 bus:Director1 2022-09-01 2023-08-31 SC225430 bus:Director2 2022-09-01 2023-08-31 SC225430 core:FurnitureFittings 2022-08-31 SC225430 core:FurnitureFittings 2023-08-31 SC225430 core:WithinOneYear 2023-08-31 SC225430 core:WithinOneYear 2022-08-31 SC225430 core:ShareCapital 2023-08-31 SC225430 core:ShareCapital 2022-08-31 SC225430 core:RevaluationReserve 2023-08-31 SC225430 core:RevaluationReserve 2022-08-31 SC225430 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC225430 core:RetainedEarningsAccumulatedLosses 2022-08-31 SC225430 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 SC225430 core:Non-currentFinancialInstruments 2023-08-31 SC225430 core:Non-currentFinancialInstruments 2022-08-31 SC225430 core:FurnitureFittings 2022-08-31 SC225430 bus:SmallEntities 2022-09-01 2023-08-31 SC225430 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 SC225430 bus:FullAccounts 2022-09-01 2023-08-31 SC225430 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC225430 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: SC225430
Willowski Properties (Dingwall) Limited
Filleted Unaudited Financial Statements
31 August 2023
Willowski Properties (Dingwall) Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
14,070
16,553
Investments
6
3,330,000
3,330,000
-------------
-------------
3,344,070
3,346,553
Current assets
Debtors
7
5,338
572,526
Cash at bank and in hand
15,489
105,884
-----------
-----------
20,827
678,410
Creditors: amounts falling due within one year
8
( 175,675)
( 33,818)
-----------
-----------
Net current (liabilities)/assets
( 154,848)
644,592
-------------
-------------
Total assets less current liabilities
3,189,222
3,991,145
-------------
-------------
Net assets
3,189,222
3,991,145
-------------
-------------
Willowski Properties (Dingwall) Limited
Statement of Financial Position (continued)
31 August 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
300,000
300,000
Revaluation reserve
1,337,784
1,337,784
Profit and loss account
1,551,438
2,353,361
-------------
-------------
Shareholders funds
3,189,222
3,991,145
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
Mr G Willoughby
Ms M Kryzyzanowski
Director
Director
Company registration number: SC225430
Willowski Properties (Dingwall) Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 6 Conon Brae Close, Conon Bridge, Dingwall, Ross-shire, IV7 8BF, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 September 2022 and 31 August 2023
202,096
202,096
-----------
-----------
Depreciation
At 1 September 2022
185,543
185,543
Charge for the year
2,483
2,483
-----------
-----------
At 31 August 2023
188,026
188,026
-----------
-----------
Carrying amount
At 31 August 2023
14,070
14,070
-----------
-----------
At 31 August 2022
16,553
16,553
-----------
-----------
6. Investments
Other investments other than loans
£
Cost
At 1 September 2022 and 31 August 2023
3,330,000
-------------
Impairment
At 1 September 2022 and 31 August 2023
-------------
Carrying amount
At 31 August 2023
3,330,000
-------------
At 31 August 2022
3,330,000
-------------
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
567,205
Other debtors
5,338
5,321
-----------
-----------
5,338
572,526
-----------
-----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
148,433
Corporation tax
25,734
32,397
Other creditors
1,508
1,421
-----------
-----------
175,675
33,818
-----------
-----------
9. Controlling party
The ultimate parent undertaking is Willowski Properties (Bridge of Allan) Limited, a company incorporated in Scotland.