Company registration number SC716085 (Scotland)
WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,965,511
1,958,151
Current assets
Debtors
4
5,000
2,321
Cash at bank and in hand
230,309
62,852
235,309
65,173
Creditors: amounts falling due within one year
5
(234,576)
(374,781)
Net current assets/(liabilities)
733
(309,608)
Total assets less current liabilities
1,966,244
1,648,543
Creditors: amounts falling due after more than one year
6
(1,939,505)
(1,629,899)
Net assets
26,739
18,644
Reserves
Income and expenditure account
26,739
18,644
Members' funds
26,739
18,644

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered 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 20 June 2024 and are signed on its behalf by:
Ms R Hotchkiss
Director
Company registration number SC716085 (Scotland)
WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

WFRS Edinburgh Limited is a private company limited by guarantee incorporated in Scotland. The registered office is 2 Atlantic Square, 31 York Street, Glasgow, Scotland, G2 8AS.

1.1
Reporting period

The comparative figures are from 25 November 2021 to 31 November 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The principal accounting policies adopted are set out below.

1.3
Going concern

The company is dependent upon its grantor for continuing financial support.true

 

At the time of approving the financial statements, the directors have a reasonable expectation that the company has and will have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company is not VAT registered.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation is provided on the company's freehold property.
Plant and equipment
Straight line over 4 years.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of person employed by the company during the year was:

2023
2022
Number
Number
Administration and support workers
10
3
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 December 2022
1,939,505
19,526
1,959,031
Additions
-
0
15,445
15,445
At 30 November 2023
1,939,505
34,971
1,974,476
Depreciation and impairment
At 1 December 2022
-
0
880
880
Depreciation charged in the year
-
0
8,085
8,085
At 30 November 2023
-
0
8,965
8,965
Carrying amount
At 30 November 2023
1,939,505
26,006
1,965,511
At 30 November 2022
1,939,505
18,646
1,958,151
WFRS EDINBURGH LIMITED
OPERATING AS BEIRA'S PLACE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
5,000
2,321
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
6,552
4,441
Other creditors
228,024
370,340
234,576
374,781
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
1,939,505
1,629,899
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited and subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

8
Related party transactions

At the year end, the company owed £1,939,505 (2022: £1,629,899) to one of the directors. This loan is interest free and secured on the company's property. The loan will only be called for repayment on any future disposal of the said property.

2023-11-302022-12-01false24 June 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMs J MurrayMs S Chynoweth-SmithMs R HotchkissMs J LamontDr M McCartneyfalsefalseSC7160852022-12-012023-11-30SC7160852023-11-30SC7160852022-11-30SC716085core:LandBuildings2023-11-30SC716085core:OtherPropertyPlantEquipment2023-11-30SC716085core:LandBuildings2022-11-30SC716085core:OtherPropertyPlantEquipment2022-11-30SC716085core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-30SC716085core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-30SC716085core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-30SC716085core:Non-currentFinancialInstrumentscore:AfterOneYear2022-11-30SC716085core:CurrentFinancialInstruments2023-11-30SC716085core:CurrentFinancialInstruments2022-11-30SC716085core:RetainedEarningsAccumulatedLosses2023-11-30SC716085core:RetainedEarningsAccumulatedLosses2022-11-30SC716085bus:Director32022-12-012023-11-30SC716085core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-012023-11-30SC716085core:PlantMachinery2022-12-012023-11-30SC7160852021-11-252022-11-30SC716085core:LandBuildings2022-11-30SC716085core:OtherPropertyPlantEquipment2022-11-30SC7160852022-11-30SC716085core:LandBuildings2022-12-012023-11-30SC716085core:OtherPropertyPlantEquipment2022-12-012023-11-30SC716085core:WithinOneYear2023-11-30SC716085core:WithinOneYear2022-11-30SC716085core:Non-currentFinancialInstruments2023-11-30SC716085core:Non-currentFinancialInstruments2022-11-30SC716085bus:CompanyLimitedByGuarantee2022-12-012023-11-30SC716085bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC716085bus:FRS1022022-12-012023-11-30SC716085bus:AuditExemptWithAccountantsReport2022-12-012023-11-30SC716085bus:Director12022-12-012023-11-30SC716085bus:Director22022-12-012023-11-30SC716085bus:Director42022-12-012023-11-30SC716085bus:Director52022-12-012023-11-30SC716085bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP