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REGISTERED NUMBER: SC369672 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st March 2024

for

WB Properties (Scotland) Ltd

WB Properties (Scotland) Ltd (Registered number: SC369672)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

WB Properties (Scotland) Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTORS: W T Brown
Mrs E M Brown
H Brown





SECRETARY:





REGISTERED OFFICE: c/o J S Mackie & Co
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC369672 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

WB Properties (Scotland) Ltd (Registered number: SC369672)

Balance Sheet
31st March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 168,269 173,279

CURRENT ASSETS
Stocks 4,606,835 2,665,835
Debtors 5 425,610 628,688
Cash at bank and in hand 563,511 1,161,716
5,595,956 4,456,239
CREDITORS
Amounts falling due within one year 6 (2,605,345 ) (1,874,918 )
NET CURRENT ASSETS 2,990,611 2,581,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158,880

2,754,600

CREDITORS
Amounts falling due after more than one
year

7

(20,597

)

-
NET ASSETS 3,138,283 2,754,600

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,138,281 2,754,598
SHAREHOLDERS' FUNDS 3,138,283 2,754,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

WB Properties (Scotland) Ltd (Registered number: SC369672)

Balance Sheet - continued
31st March 2024


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 29th October 2024 and were signed on its behalf by:





W T Brown - Director


WB Properties (Scotland) Ltd (Registered number: SC369672)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

WB Properties (Scotland) 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 6 ).

WB Properties (Scotland) Ltd (Registered number: SC369672)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2023 488,794
Additions 66,216
At 31st March 2024 555,010
DEPRECIATION
At 1st April 2023 315,515
Charge for year 71,226
At 31st March 2024 386,741
NET BOOK VALUE
At 31st March 2024 168,269
At 31st March 2023 173,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 38,880 24,261
Amounts owed by group undertakings 202,337 415,553
Other debtors 184,393 188,874
425,610 628,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 23,265 32,389
Hire purchase contracts 24,000 153,837
Trade creditors 66,318 29,207
Amounts owed to group undertakings 388,304 -
Taxation and social security 143,827 172,029
Other creditors 1,959,631 1,487,456
2,605,345 1,874,918

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 20,597 -

WB Properties (Scotland) Ltd

Report of the Accountants to the Directors of
WB Properties (Scotland) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


29th October 2024