Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsetrue2023-10-01No description of principal activity1false1true SC146891 2023-10-01 2024-09-30 SC146891 2022-10-01 2023-09-30 SC146891 2024-09-30 SC146891 2023-09-30 SC146891 1 2023-10-01 2024-09-30 SC146891 d:Director1 2023-10-01 2024-09-30 SC146891 d:Director1 2024-09-30 SC146891 d:RegisteredOffice 2023-10-01 2024-09-30 SC146891 c:CurrentFinancialInstruments 2024-09-30 SC146891 c:CurrentFinancialInstruments 2023-09-30 SC146891 c:ShareCapital 2024-09-30 SC146891 c:ShareCapital 2023-09-30 SC146891 c:RetainedEarningsAccumulatedLosses 2024-09-30 SC146891 c:RetainedEarningsAccumulatedLosses 2023-09-30 SC146891 d:OrdinaryShareClass1 2023-10-01 2024-09-30 SC146891 d:OrdinaryShareClass1 2024-09-30 SC146891 d:OrdinaryShareClass1 2023-09-30 SC146891 d:EntityNoLongerTradingButTradedInPast 2023-10-01 2024-09-30 SC146891 d:FRS102 2023-10-01 2024-09-30 SC146891 d:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC146891 d:FullAccounts 2023-10-01 2024-09-30 SC146891 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC146891 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC146891









WESTER HAILES SHOPPING CENTRE LIMITED







UNAUDITED

 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
COMPANY INFORMATION


Director
Daniel Frank Desmond (appointed 16 July 2003)




Registered number
SC146891



Registered office
Quartermile One
15 Lauriston Place

Edinburgh

EH3 9EP




Accountants
Seles Limited

2a Charing Cross Road

London

WC2H oHF





 
WESTER HAILES SHOPPING CENTRE LIMITED
 

CONTENTS



Page
Director's report
1
Accountants' report
Balance sheet
2
Notes to the financial statements
3 - 6


 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The director presents his report and the financial statements for the year ended 30 September 2024.

Director's responsibilities statement

The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director

The director who served during the year was:

Daniel Frank Desmond (appointed 16 July 2003)

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Daniel Frank Desmond
Director

Date: 3 October 2024

Page 1

 
WESTER HAILES SHOPPING CENTRE LIMITED
REGISTERED NUMBER: SC146891

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,040,003
6,040,003

  
6,040,003
6,040,003

Total assets less current liabilities
  
 
 
6,040,003
 
 
6,040,003

  

Net assets
  
6,040,003
6,040,003


Capital and reserves
  

Called up share capital 
 5 
1,902,426
1,902,426

Profit and loss account
  
4,137,577
4,137,577

  
6,040,003
6,040,003


For the year ended 30 September 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Daniel Frank Desmond
Director

Date: 3 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wester Hailes Shopping Centre Limited ("the Company) is a limited company domiciled and incorporated in England and Wales. The company's registered office address is provided in the company information page.
The company's principal activity is to invest in unlisted companies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets
Page 3

 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.2
Financial instruments (continued)


Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are
Page 4

 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.2
Financial instruments (continued)

settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
WESTER HAILES SHOPPING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
6,040,003
6,040,003

6,040,003
6,040,003


Amount owed by group undertakings as noted above is repayable on demand.


5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,902,426 (2023 - 1,902,426) Ordinary shares of £1.00 each
1,902,426
1,902,426



6.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


7.


Controlling party

The immediate parent company is Bride Hall Holdings Limited, a company registered in England. The
ultimate parent company is the Butterfield Trust (Bermuda) Limited domiciled in Bermuda.

Page 6