Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false72023-07-01truetrueNo description of principal activity3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC102373 2023-07-01 2024-06-30 SC102373 2022-07-01 2023-06-30 SC102373 2024-06-30 SC102373 2023-06-30 SC102373 c:CompanySecretary1 2023-07-01 2024-06-30 SC102373 c:Director1 2023-07-01 2024-06-30 SC102373 c:Director2 2023-07-01 2024-06-30 SC102373 c:RegisteredOffice 2023-07-01 2024-06-30 SC102373 d:Buildings 2023-07-01 2024-06-30 SC102373 d:Buildings 2024-06-30 SC102373 d:Buildings 2023-06-30 SC102373 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC102373 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 SC102373 d:Buildings d:LongLeaseholdAssets 2024-06-30 SC102373 d:Buildings d:LongLeaseholdAssets 2023-06-30 SC102373 d:MotorVehicles 2023-07-01 2024-06-30 SC102373 d:MotorVehicles 2024-06-30 SC102373 d:MotorVehicles 2023-06-30 SC102373 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC102373 d:OfficeEquipment 2023-07-01 2024-06-30 SC102373 d:OfficeEquipment 2024-06-30 SC102373 d:OfficeEquipment 2023-06-30 SC102373 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC102373 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC102373 d:CurrentFinancialInstruments 2024-06-30 SC102373 d:CurrentFinancialInstruments 2023-06-30 SC102373 d:Non-currentFinancialInstruments 2024-06-30 SC102373 d:Non-currentFinancialInstruments 2023-06-30 SC102373 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC102373 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC102373 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC102373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC102373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 SC102373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 SC102373 d:ShareCapital 2024-06-30 SC102373 d:ShareCapital 2023-06-30 SC102373 d:CapitalRedemptionReserve 2024-06-30 SC102373 d:CapitalRedemptionReserve 2023-06-30 SC102373 d:RevaluationReserve 2024-06-30 SC102373 d:RevaluationReserve 2023-06-30 SC102373 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC102373 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC102373 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC102373 c:OrdinaryShareClass1 2024-06-30 SC102373 c:OrdinaryShareClass1 2023-06-30 SC102373 c:FRS102 2023-07-01 2024-06-30 SC102373 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC102373 c:FullAccounts 2023-07-01 2024-06-30 SC102373 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC102373 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC102373










LAWERS PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
LAWERS PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
G Murray 
P A Grant 




Company secretary
G Murray



Registered number
SC102373



Registered office
5 Ruthvenmill View
Huntingtower

Perth

Perthshire

PH1 3JL





 
LAWERS PROPERTIES LIMITED
REGISTERED NUMBER:SC102373

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,860,521
1,815,339

  
1,860,521
1,815,339

Current assets
  

Debtors: amounts falling due within one year
 5 
9,460
1,937

Cash at bank and in hand
  
333,805
169,055

  
343,265
170,992

Creditors: amounts falling due within one year
 6 
(407,711)
(375,404)

Net current liabilities
  
 
 
(64,446)
 
 
(204,412)

Total assets less current liabilities
  
1,796,075
1,610,927

Creditors: amounts falling due after more than one year
 7 
(99,953)
(119,821)

Provisions for liabilities
  

Deferred tax
  
(51,618)
(52,023)

  
 
 
(51,618)
 
 
(52,023)

Net assets
  
1,644,504
1,439,083


Capital and reserves
  

Called up share capital 
 9 
14,000
14,000

Revaluation reserve
  
231,094
231,094

Capital redemption reserve
  
2,000
2,000

Profit and loss account
  
1,397,410
1,191,989

  
1,644,504
1,439,083

Page 1

 
LAWERS PROPERTIES LIMITED
REGISTERED NUMBER:SC102373

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 directors acknowledge their 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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




G Murray
P A Grant
Director
Director


Date: 18 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LAWERS PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Lawers Properties Limited is a Company, limited by shares and incorporated in Scotland, registration number SC102373. The registered office address is 5 Ruthvenmill View, Huntingtower, Perth, Perthshire, PH1 3JL.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

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.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
LAWERS PROPERTIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2% straight line
Motor vehicles
-
10 - 25% straight line
Equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
LAWERS PROPERTIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

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.

Financial instruments are recognised in the Company's Statement of financial position 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.



 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 3).

Page 5

 
LAWERS PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold investment property
Long-term leasehold property
Motor vehicles
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
350,000
278,544
1,347,317
3,896
1,979,757


Additions
-
-
696,944
-
696,944


Disposals
-
-
(639,204)
-
(639,204)



At 30 June 2024

350,000
278,544
1,405,057
3,896
2,037,497



Depreciation


At 1 July 2023
-
20,315
141,335
2,768
164,418


Charge for the year on owned assets
-
5,570
107,262
974
113,806


Disposals
-
-
(101,248)
-
(101,248)



At 30 June 2024

-
25,885
147,349
3,742
176,976



Net book value



At 30 June 2024
350,000
252,659
1,257,708
154
1,860,521



At 30 June 2023
350,000
258,229
1,205,982
1,128
1,815,339

Freehold investment property has been valued by the directors and they believe this is a fair value of the properties at 30 June 2024. 

Page 6

 
LAWERS PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,021
-

Prepayments and accrued income
5,439
1,937

9,460
1,937



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
19,869
19,088

Other taxation and social security
116,369
53,746

Other creditors
88,071
112,750

Accruals and deferred income
183,402
189,820

407,711
375,404


Bank loans are secured by a standard security over a property owned by the company. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
99,953
119,821

99,953
119,821


Bank loans are secured by a standard security over a property owned by the  company. 

Page 7

 
LAWERS PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
19,869
19,088


19,869
19,088


Amounts falling due 2-5 years

Bank loans
99,953
119,821


99,953
119,821


119,822
138,909



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



14,000 (2023 - 14,000) Ordinary shares of £1.00 each
14,000
14,000



Page 8