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REGISTERED NUMBER: SC536305 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Ward Property Limited

Ward Property Limited (Registered number: SC536305)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ward Property Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M Ward
R Ward
J Singh





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
Aberdeenshire
AB10 1HA





REGISTERED NUMBER: SC536305 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Ward Property Limited (Registered number: SC536305)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 906,750 921,750

CURRENT ASSETS
Debtors 5 148,465 132,750
Cash at bank 37,773 154
186,238 132,904
CREDITORS
Amounts falling due within one year 6 92,419 68,318
NET CURRENT ASSETS 93,819 64,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,569

986,336

CREDITORS
Amounts falling due after more than one
year

7

950,000

950,000
NET ASSETS 50,569 36,336

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 50,565 36,332
SHAREHOLDERS' FUNDS 50,569 36,336

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

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

Ward Property Limited (Registered number: SC536305)

Balance Sheet - continued
31 May 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 24 February 2025 and were signed on its behalf by:





M Ward - Director


Ward Property Limited (Registered number: SC536305)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ward Property Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Ward Property Limited (Registered number: SC536305)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 831,750 150,000 981,750
DEPRECIATION
At 1 June 2023 - 60,000 60,000
Charge for year - 15,000 15,000
At 31 May 2024 - 75,000 75,000
NET BOOK VALUE
At 31 May 2024 831,750 75,000 906,750
At 31 May 2023 831,750 90,000 921,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 148,465 132,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 33,406 38,966
Taxation and social security 12,483 6,847
Other creditors 46,530 22,505
92,419 68,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 950,000 950,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 950,000 950,000