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REGISTERED NUMBER: SC683330 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

W&A Holdings Ltd

W&A Holdings Ltd (Registered number: SC683330)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


W&A Holdings Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Ms M Boyton
G M Gracie
R C McQuarrie





REGISTERED OFFICE: 50 Melville Street
Edinburgh
EH3 7HF





REGISTERED NUMBER: SC683330 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

W&A Holdings Ltd (Registered number: SC683330)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 754,510 754,510

CURRENT ASSETS
Cash at bank 170 107

CREDITORS
Amounts falling due within one year 5 76,473 244,103
NET CURRENT LIABILITIES (76,303 ) (243,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,207

510,514

CREDITORS
Amounts falling due after more than one
year

6

120,000

150,000
NET ASSETS 558,207 360,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 558,107 360,414
SHAREHOLDERS' FUNDS 558,207 360,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Ms M Boyton - Director


W&A Holdings Ltd (Registered number: SC683330)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

W&A Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any
accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Creditors with no stated interest rate and payable within one year are recorded at transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the
present value of cash payable. After initial recognition they are measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

W&A Holdings Ltd (Registered number: SC683330)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 754,510
NET BOOK VALUE
At 30 November 2023 754,510
At 30 November 2022 754,510

Details of the company's subsidiaries at 30 November 2023 are as follows:

Name of undertaking Address Nature of business Class of shares held % Held

Wilkinson & Associates Limited 1 Recruitment Ordinary B 90.00

Registered office addresses (all UK unless otherwise indicated):
1 50 Melville Street, Edinburgh, EH3 7HF

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to group undertakings - 177,757
Directors' current accounts 63,165 63,165
Accrued expenses 13,308 3,181
76,473 244,103

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 120,000 150,000

Other creditors includes loan notes totalling £120,000 (2022: £150,000). The loan notes are accruing interest at 4% over the Bank of England base rate.

7. RELATED PARTY DISCLOSURES

The directors are of the opinion that all remaining related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.