Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC685663 Mr Ainslie Wood Mrs Marina Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC685663 2023-01-31 SC685663 2024-01-31 SC685663 2023-02-01 2024-01-31 SC685663 frs-core:CurrentFinancialInstruments 2024-01-31 SC685663 frs-core:Non-currentFinancialInstruments 2024-01-31 SC685663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC685663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC685663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 SC685663 frs-core:MotorVehicles 2024-01-31 SC685663 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC685663 frs-core:MotorVehicles 2023-01-31 SC685663 frs-core:ShareCapital 2024-01-31 SC685663 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC685663 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC685663 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC685663 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC685663 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC685663 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC685663 frs-bus:Director1 2023-02-01 2024-01-31 SC685663 frs-bus:Director2 2023-02-01 2024-01-31 SC685663 frs-countries:Scotland 2023-02-01 2024-01-31 SC685663 2022-01-31 SC685663 2023-01-31 SC685663 2022-02-01 2023-01-31 SC685663 frs-core:CurrentFinancialInstruments 2023-01-31 SC685663 frs-core:Non-currentFinancialInstruments 2023-01-31 SC685663 frs-core:ShareCapital 2023-01-31 SC685663 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC685663
Wood Group Property Development Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paterson Accountancy Ltd
29 Academy Place
Bathgate
EH48 1AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC685663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,629,536 586,198
1,629,536 586,198
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 518,402 478,448
518,404 478,450
Creditors: Amounts Falling Due Within One Year 6 (786,885 ) (586,885 )
NET CURRENT ASSETS (LIABILITIES) (268,481 ) (108,435 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,361,055 477,763
Creditors: Amounts Falling Due After More Than One Year 7 (1,394,474 ) (479,000 )
NET LIABILITIES (33,419 ) (1,237 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (33,421 ) (1,239 )
SHAREHOLDERS' FUNDS (33,419) (1,237)
Page 1
Page 2
For the year ending 31 January 2024 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
Mr Ainslie Wood
Director
19/09/2024
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
Wood Group Property Development Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC685663 . The registered office is 30 Newmarket Street, Falkirk, FK1 1JQ.
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. 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:
Motor Vehicles 18% reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 557,540 28,658 586,198
Additions 1,048,496 - 1,048,496
As at 31 January 2024 1,606,036 28,658 1,634,694
Depreciation
As at 1 February 2023 - - -
Provided during the period - 5,158 5,158
As at 31 January 2024 - 5,158 5,158
Net Book Value
As at 31 January 2024 1,606,036 23,500 1,629,536
As at 1 February 2023 557,540 28,658 586,198
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 2 2
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans - (200,000 )
Directors' loan accounts 786,885 786,885
786,885 586,885
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,394,474 479,000
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Page 4