1 February 2023 false No description of principal activity Taxfiler 2024.5 SC586874business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC5868742023-01-31 SC5868742023-02-012024-01-31 SC586874business:AuditExemptWithAccountantsReport2023-02-012024-01-31 SC586874business:FilletedAccounts2023-02-012024-01-31 SC5868742024-01-31 SC586874business:Director12023-02-012024-01-31 SC586874business:RegisteredOffice2023-02-012024-01-31 SC5868742023-01-31 SC586874core:WithinOneYear2024-01-31 SC586874core:WithinOneYear2023-01-31 SC586874core:AfterOneYear2024-01-31 SC586874core:AfterOneYear2023-01-31 SC586874core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC586874core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC586874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC586874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC586874core:PreviouslyStatedAmount2024-01-31 SC586874core:PreviouslyStatedAmount2023-01-31 SC586874business:SmallEntities2023-02-012024-01-31 SC586874countries:Scotland2023-02-012024-01-31 SC586874core:PlantMachinery2023-02-012024-01-31 SC586874core:LandBuildings2023-01-31 SC586874core:PlantMachinery2023-01-31 SC586874core:LandBuildings2024-01-31 SC586874core:PlantMachinery2024-01-31 SC586874core:LandBuildings2023-02-012024-01-31 SC5868742022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC586874 (Scotland)
Whyte's Property Company Ltd Unaudited accounts for the year ended 31 January 2024
Whyte's Property Company Ltd Company Information for the year ended 31 January 2024
Director
Elizabeth Whyte
Company Number
SC586874 (Scotland)
Registered Office
14 Abbotsford Terrace Lanark ML11 7EG
Accountants
CRK Consultants Ltd 14 Abbotsford Terrace Lanark ML11 7EG
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Whyte's Property Company Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
233,491 
239,108 
Current assets
Debtors
15,952 
23,198 
Cash at bank and in hand
3,295 
2,464 
19,247 
25,662 
Creditors: amounts falling due within one year
(234,881)
(251,343)
Net current liabilities
(215,634)
(225,681)
Total assets less current liabilities
17,857 
13,427 
Creditors: amounts falling due after more than one year
(175,280)
(177,293)
Net liabilities
(157,423)
(163,866)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(157,523)
(163,966)
Shareholders' funds
(157,423)
(163,866)
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
Elizabeth Whyte Director Company Registration No. SC586874
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Whyte's Property Company Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Whyte's Property Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC586874. The registered office is 14 Abbotsford Terrace, Lanark, ML11 7EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. .
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
401,637 
15,887 
417,524 
At 31 January 2024
401,637 
15,887 
417,524 
Depreciation
At 1 February 2023
170,841 
7,575 
178,416 
Charge for the year
3,723 
1,894 
5,617 
At 31 January 2024
174,564 
9,469 
184,033 
Net book value
At 31 January 2024
227,073 
6,418 
233,491 
At 31 January 2023
230,796 
8,312 
239,108 
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Whyte's Property Company Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,002 
11,498 
Other debtors
6,950 
11,700 
15,952 
23,198 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,700 
12,700 
Trade creditors
16,107 
24,876 
Taxes and social security
2,798 
6,186 
Other creditors
7,171 
4,421 
Loans from directors
192,505 
197,410 
Accruals
3,600 
5,750 
234,881 
251,343 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
175,280 
177,293 
8
Loans to directors
The company owes the director a liability of £191,655 at the year end (2023 - £197,410)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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