Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 SC321839 Mr James Wotherspoon Ms Caitlin Wotherspoon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC321839 2022-08-31 SC321839 2023-08-31 SC321839 2022-09-01 2023-08-31 SC321839 frs-core:CurrentFinancialInstruments 2023-08-31 SC321839 frs-core:Non-currentFinancialInstruments 2023-08-31 SC321839 frs-core:FurnitureFittings 2023-08-31 SC321839 frs-core:FurnitureFittings 2022-09-01 2023-08-31 SC321839 frs-core:FurnitureFittings 2022-08-31 SC321839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC321839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC321839 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 SC321839 frs-core:PlantMachinery 2023-08-31 SC321839 frs-core:PlantMachinery 2022-09-01 2023-08-31 SC321839 frs-core:PlantMachinery 2022-08-31 SC321839 frs-core:ShareCapital 2023-08-31 SC321839 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC321839 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC321839 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 SC321839 frs-bus:SmallEntities 2022-09-01 2023-08-31 SC321839 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC321839 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC321839 frs-bus:Director1 2022-09-01 2023-08-31 SC321839 frs-bus:Director2 2022-09-01 2023-08-31 SC321839 frs-countries:Scotland 2022-09-01 2023-08-31 SC321839 2021-08-31 SC321839 2022-08-31 SC321839 2021-09-01 2022-08-31 SC321839 frs-core:CurrentFinancialInstruments 2022-08-31 SC321839 frs-core:Non-currentFinancialInstruments 2022-08-31 SC321839 frs-core:ShareCapital 2022-08-31 SC321839 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: SC321839
W & N Properties Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2023
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC321839
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 262,541 265,268
262,541 265,268
CURRENT ASSETS
Debtors 5 77,443 78,533
Cash at bank and in hand 5,779 8,040
83,222 86,573
Creditors: Amounts Falling Due Within One Year 6 (195,910 ) (156,574 )
NET CURRENT ASSETS (LIABILITIES) (112,688 ) (70,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 149,853 195,267
Creditors: Amounts Falling Due After More Than One Year 7 (155,883 ) (169,512 )
NET (LIABILITIES)/ASSETS (6,030 ) 25,755
CAPITAL AND RESERVES
Called up share capital 8 850 850
Profit and Loss Account (6,880 ) 24,905
SHAREHOLDERS' FUNDS (6,030) 25,755
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Caitlin Wotherspoon
Director
20 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W & N Properties Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC321839 . The registered office is 11a Glencryan Road, Cumbernauld, Glasgow, G67 2UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2022 292,264 13,404 3,409 309,077
As at 31 August 2023 292,264 13,404 3,409 309,077
Depreciation
As at 1 September 2022 27,309 13,091 3,409 43,809
Provided during the period 2,649 78 - 2,727
As at 31 August 2023 29,958 13,169 3,409 46,536
Net Book Value
As at 31 August 2023 262,306 235 - 262,541
As at 1 September 2022 264,955 313 - 265,268
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 76,443 77,533
Other debtors 1,000 1,000
77,443 78,533
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 48,359 35,858
Bank loans and overdrafts 14,682 14,682
Corporation tax 2,981 2,835
VAT 2,464 2,143
Accruals and deferred income 2,075 980
Directors' loan accounts 556 2,856
Amounts owed to subsidiaries 124,793 97,220
195,910 156,574
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 155,883 169,512
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 850 850
Page 4