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REGISTERED NUMBER: SC235899 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

W Gunn Limited

W Gunn Limited (Registered number: SC235899)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Gunn Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: W J Gunn



REGISTERED OFFICE: Cairnroich
Lybster
Wick
Caithness
KW3 6BT



REGISTERED NUMBER: SC235899 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



BANKERS: The Royal Bank of Scotland plc
Thurso (B) Branch
11 Olrig Street
Thurso
Caithness
KW14 7BL

W Gunn Limited (Registered number: SC235899)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,790 35,929
Investment property 5 428,505 428,505
456,295 464,434

CURRENT ASSETS
Stocks 1,727 -
Debtors 6 18,811 19,702
Cash at bank 124,908 134,481
145,446 154,183
CREDITORS
Amounts falling due within one year 7 (5,697 ) (3,283 )
NET CURRENT ASSETS 139,749 150,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,044

615,334

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 595,944 615,234
SHAREHOLDERS' FUNDS 596,044 615,334

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W Gunn Limited (Registered number: SC235899)

Balance Sheet - continued
31 August 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 director and authorised for issue on 8 May 2025 and were signed by:





W J Gunn - Director


W Gunn Limited (Registered number: SC235899)

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

1. STATUTORY INFORMATION

W Gunn 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance and 15% reducing balance

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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2023 - 2 ) .

W Gunn Limited (Registered number: SC235899)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 89,081
DEPRECIATION
At 1 September 2023 53,152
Charge for year 8,139
At 31 August 2024 61,291
NET BOOK VALUE
At 31 August 2024 27,790
At 31 August 2023 35,929

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 428,505
NET BOOK VALUE
At 31 August 2024 428,505
At 31 August 2023 428,505

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 428,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,811 19,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 749 750
Other creditors 4,948 2,533
5,697 3,283

W Gunn Limited (Registered number: SC235899)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is W J Gunn.