Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC671523 2023-05-01 2024-04-30 SC671523 2022-05-01 2023-04-30 SC671523 2024-04-30 SC671523 2023-04-30 SC671523 c:Director1 2023-05-01 2024-04-30 SC671523 c:RegisteredOffice 2023-05-01 2024-04-30 SC671523 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 SC671523 d:FreeholdInvestmentProperty 2024-04-30 SC671523 d:FreeholdInvestmentProperty 2023-04-30 SC671523 d:CurrentFinancialInstruments 2024-04-30 SC671523 d:CurrentFinancialInstruments 2023-04-30 SC671523 d:Non-currentFinancialInstruments 2024-04-30 SC671523 d:Non-currentFinancialInstruments 2023-04-30 SC671523 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC671523 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC671523 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC671523 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC671523 d:ShareCapital 2024-04-30 SC671523 d:ShareCapital 2023-04-30 SC671523 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC671523 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC671523 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC671523 c:OrdinaryShareClass1 2024-04-30 SC671523 c:OrdinaryShareClass1 2023-04-30 SC671523 c:FRS102 2023-05-01 2024-04-30 SC671523 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC671523 c:FullAccounts 2023-05-01 2024-04-30 SC671523 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC671523 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC671523










SLW COMMERCIAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
SLW COMMERCIAL LIMITED
 

COMPANY INFORMATION


Director
Mr S D D Whyte 




Registered number
SC671523



Registered office
5-10 Dock Place

Edinburgh

EH6 6LU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
SLW COMMERCIAL LIMITED
REGISTERED NUMBER: SC671523

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Investment property
 4 
293,774
208,076

  
293,774
208,076

Current assets
  

Debtors: amounts falling due within one year
 5 
2,198
2,021

Bank and cash balances
  
9,179
36,936

  
11,377
38,957

Creditors: amounts falling due within one year
 6 
(12,677)
(14,235)

Net current (liabilities)/assets
  
 
 
(1,300)
 
 
24,722

Total assets less current liabilities
  
292,474
232,798

Creditors: amounts falling due after more than one year
 7 
(260,900)
(209,900)

  

Net assets
  
31,574
22,898


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
31,474
22,798

  
31,574
22,898


Page 1

 
SLW COMMERCIAL LIMITED
REGISTERED NUMBER: SC671523

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

The director considers 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 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 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 income and retained earnings 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 on 14 November 2024.




Mr S D D Whyte
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SLW COMMERCIAL LIMITED
 

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

1.


General information

SLW Commercial Limited is a private company limited by shares incorporated in Scotland, with registration number SC671523. The registered office address is 5-10 Dock Place, Edinburgh, EH6 6LU.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Taxation

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.

 
2.4

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 3

 
SLW COMMERCIAL LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.


3.


Employees

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


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
208,076


Additions at cost
85,698



At 30 April 2024
293,774

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
2,021
2,021

Prepayments and accrued income
177
-

2,198
2,021


Page 4

 
SLW COMMERCIAL LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
233

Other taxation and social security
2,107
3,492

Other creditors
4,750
4,750

Accruals and deferred income
5,820
5,760

12,677
14,235



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
260,900
209,900

260,900
209,900



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 5