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REGISTERED NUMBER: SC541343 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

JWD ESTATES LIMITED

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JWD ESTATES LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J A Dickie
W M Dickie





REGISTERED OFFICE: 29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA





REGISTERED NUMBER: SC541343 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,360 -
Investment property 6 1,434,071 1,175,000
1,452,431 1,175,000

CURRENT ASSETS
Cash at bank 20,711 45,246

CREDITORS
Amounts falling due within one year 7 454,813 442,255
NET CURRENT LIABILITIES (434,102 ) (397,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,329

777,991

CREDITORS
Amounts falling due after more than one
year

8

(616,000

)

(376,000

)

PROVISIONS FOR LIABILITIES (71,215 ) (71,131 )
NET ASSETS 331,114 330,860

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 331,094 330,840
SHAREHOLDERS' FUNDS 331,114 330,860

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

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

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

Balance Sheet - continued
31 December 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 March 2025 and were signed on its behalf by:





J A Dickie - Director


JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

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

1. STATUTORY INFORMATION

JWD Estates 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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis.

Turnover
Turnover is derived from rental income on the various properties owned by the company.

Turnover therefore represents the value of rentals receivable, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - Straight line over 4 years

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Individual fixed assets costing £1,000 or more are capitalised at cost. Depreciation is provided at the appropriate annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
& fittings
£   
COST
Additions 24,480
At 31 December 2024 24,480
DEPRECIATION
Charge for year 6,120
At 31 December 2024 6,120
NET BOOK VALUE
At 31 December 2024 18,360

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,175,000
Additions 259,071
At 31 December 2024 1,434,071
NET BOOK VALUE
At 31 December 2024 1,434,071
At 31 December 2023 1,175,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 189,524
Valuation in 2023 95,000
Cost 1,149,547
1,434,071

JWD ESTATES LIMITED (REGISTERED NUMBER: SC541343)

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

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,149,547 890,476

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 5,912
Other creditors 454,813 436,343
454,813 442,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 616,000 376,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 616,000 376,000

Hampden & Co plc hold fixed securities against various properties held by the company in addition to a floating charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

The company has a loan balance with Dickie & Moore Homes Ltd, a company under common control. This loan is unsecured, interest free and has no fixed repayment terms. At the year end the company owed Dickie & Moore Homes Ltd £434,780 (2023 - £429,780).

The company has a loan balance with Dickie & Moore Construction Ltd, a company under common control. This loan is unsecured, interest free and has no fixed repayment terms. At the year end the company owed Dickie & Moore Construction Ltd £8,000 (2023 - £nil).

The company operates a loan account with the directors. This loan is unsecured, interest free and has no fixed repayment terms. At the year end the company owed the directors £136 (2023 - £136).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
JWD Estates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JWD Estates Limited for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of JWD Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JWD Estates Limited and state those matters that we have agreed to state to the Board of Directors of JWD Estates Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JWD Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JWD Estates Limited. You consider that JWD Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JWD Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


24 March 2025