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REGISTERED NUMBER: SC138704 (Scotland)















Holburn-Watts Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Holburn-Watts Limited (Registered number: SC138704)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Holburn-Watts Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P A Holmes
G K Wedderburn





SECRETARY: G K Wedderburn





REGISTERED OFFICE: 7 Palmerston Place
Edinburgh
EH12 5AH





REGISTERED NUMBER: SC138704 (Scotland)





ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

Holburn-Watts Limited (Registered number: SC138704)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 419 419
419 419

CURRENT ASSETS
Debtors 7 4,002 5,740
Cash at bank 28 -
4,030 5,740
CREDITORS
Amounts falling due within one year 8 780 1,560
NET CURRENT ASSETS 3,250 4,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,669

4,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,569 4,499
3,669 4,599

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.

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 26 February 2025 and were signed on its behalf by:





P A Holmes - Director


Holburn-Watts Limited (Registered number: SC138704)

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

1. STATUTORY INFORMATION

Holburn-Watts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Holburn-Watts Limited (Registered number: SC138704)

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

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,203
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,203
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 1,614
PROVISIONS
At 1 June 2023
and 31 May 2024 1,195
NET BOOK VALUE
At 31 May 2024 419
At 31 May 2023 419

Listed investments having a net book value of £419 (2023 - £419) are held by the company and had a market value of £613 at the year end (2023 - £534).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 3,152 4,807
Tax 850 933
4,002 5,740

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Accruals and deferred income 780 1,560

Holburn-Watts Limited (Registered number: SC138704)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
G K Wedderburn
Balance outstanding at start of year (2,199 ) (2,199 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,199 ) (2,199 )

P A Holmes
Balance outstanding at start of year (2,608 ) (5,740 )
Amounts advanced (200 ) -
Amounts repaid 1,855 3,132
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (953 ) (2,608 )

10. RELATED PARTY DISCLOSURES

The company was under the control of G K Wedderburn and P A Holmes.

At 31 May 2024, the company was due £953 (2023 £2,608) from Mr Holmes. This loan is interest free with no specific terms for repayment.

At 31 May 2024, the company was due £2,199 (2023 £2,199) from Mr Wedderburn. This loan is interest free with no specific terms for repayment.