Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-11-01falseNo description of principal activity2truefalse SC217110 2023-11-01 2024-10-31 SC217110 2022-11-01 2023-10-31 SC217110 2024-10-31 SC217110 2023-10-31 SC217110 c:CompanySecretary1 2023-11-01 2024-10-31 SC217110 c:Director1 2023-11-01 2024-10-31 SC217110 c:Director2 2023-11-01 2024-10-31 SC217110 c:RegisteredOffice 2023-11-01 2024-10-31 SC217110 d:ComputerEquipment 2023-11-01 2024-10-31 SC217110 d:ComputerEquipment 2024-10-31 SC217110 d:ComputerEquipment 2023-10-31 SC217110 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC217110 d:FreeholdInvestmentProperty 2024-10-31 SC217110 d:FreeholdInvestmentProperty 2023-10-31 SC217110 d:CurrentFinancialInstruments 2024-10-31 SC217110 d:CurrentFinancialInstruments 2023-10-31 SC217110 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC217110 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC217110 d:ShareCapital 2024-10-31 SC217110 d:ShareCapital 2023-10-31 SC217110 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 SC217110 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC217110 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC217110 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC217110 c:OrdinaryShareClass1 2024-10-31 SC217110 c:OrdinaryShareClass1 2023-10-31 SC217110 c:FRS102 2023-11-01 2024-10-31 SC217110 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC217110 c:FullAccounts 2023-11-01 2024-10-31 SC217110 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC217110 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC217110










FREDERICK WILSON (PROPERTIES) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

COMPANY INFORMATION


Directors
Mr G Anderson 
Mr P Taylor 




Company secretary
Mr G Anderson



Registered number
SC217110



Registered office
Pentland Houe
Saltire Centre

Glenrothes

Fife

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FREDERICK WILSON (PROPERTIES) LIMITED
REGISTERED NUMBER: SC217110

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,622
2,173

Investment property
 5 
2,253,845
2,253,845

  
2,255,467
2,256,018

Current assets
  

Debtors: amounts falling due within one year
 6 
82,754
88,699

Bank and cash balances
  
514,225
430,035

  
596,979
518,734

Creditors: amounts falling due within one year
 7 
(248,390)
(217,049)

Net current assets
  
 
 
348,589
 
 
301,685

Total assets less current liabilities
  
2,604,056
2,557,703

Provisions for liabilities
  

Deferred tax
  
(105,062)
(105,062)

  
 
 
(105,062)
 
 
(105,062)

Net assets
  
2,498,994
2,452,641


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
2,498,894
2,452,541

  
2,498,994
2,452,641


Page 1

 
FREDERICK WILSON (PROPERTIES) LIMITED
REGISTERED NUMBER: SC217110

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 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 by: 




Mr G Anderson
Director

Date: 7 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Frederick Wilson (Properties) Limited is limited by shares and incorporated in Scotland. The address of the registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH.
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:

 
2.3

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

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

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 income 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.


 
2.5

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:

Computer equipment
-
20%

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.

 
2.6

Investment property

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

Page 4

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

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 2 (2023 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2023
2,756



At 31 October 2024

2,756



Depreciation


At 1 November 2023
583


Charge for the year on owned assets
551



At 31 October 2024

1,134



Net book value



At 31 October 2024
1,622



At 31 October 2023
2,173

Page 5

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property


Investment property

£



Valuation


At 1 November 2023
2,253,845



At 31 October 2024
2,253,845

The investment property is included in the financial statements at directors' valuation. In the opinion of the directors, the value at 31 October 2024 is a fair reflection of the market value.





6.


Debtors

2024
2023
£
£


Trade debtors
80,702
80,471

Other debtors
100
6,792

Prepayments and accrued income
1,952
1,436

82,754
88,699



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
164
-

Other taxation and social security
69,070
50,474

Other creditors
72,082
63,071

Accruals and deferred income
107,074
103,504

248,390
217,049



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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


Page 6

 
FREDERICK WILSON (PROPERTIES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Reserves

Profit and loss account

The profit and loss reserves balance of £2,498,894 includes suplus/deficits on the changes in market value of investment properties. As at the 31 October 2024, £909,474 is not distributable.


Page 7