Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302025-05-01false2023-12-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC615067 2023-12-01 2024-11-30 SC615067 2022-12-01 2023-11-30 SC615067 2024-11-30 SC615067 2023-11-30 SC615067 c:Director1 2023-12-01 2024-11-30 SC615067 c:Director2 2023-12-01 2024-11-30 SC615067 c:RegisteredOffice 2023-12-01 2024-11-30 SC615067 d:FreeholdInvestmentProperty 2024-11-30 SC615067 d:FreeholdInvestmentProperty 2023-11-30 SC615067 d:CurrentFinancialInstruments 2024-11-30 SC615067 d:CurrentFinancialInstruments 2023-11-30 SC615067 d:Non-currentFinancialInstruments 2024-11-30 SC615067 d:Non-currentFinancialInstruments 2023-11-30 SC615067 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 SC615067 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC615067 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 SC615067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC615067 d:ShareCapital 2024-11-30 SC615067 d:ShareCapital 2023-11-30 SC615067 d:RetainedEarningsAccumulatedLosses 2024-11-30 SC615067 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC615067 c:OrdinaryShareClass1 2023-12-01 2024-11-30 SC615067 c:OrdinaryShareClass1 2024-11-30 SC615067 c:OrdinaryShareClass1 2023-11-30 SC615067 c:FRS102 2023-12-01 2024-11-30 SC615067 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC615067 c:FullAccounts 2023-12-01 2024-11-30 SC615067 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC615067 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC615067










WESTACRE PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
WESTACRE PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mrs S I Kiersgaard 
Mr D Paterson 




Registered number
SC615067



Registered office
7 Arnothill

Falkirk

FK1 5RZ




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
WESTACRE PROPERTIES LIMITED
REGISTERED NUMBER: SC615067

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
£
£

Fixed assets
  

Investment property
 4 
179,636
179,636

  
179,636
179,636

Current assets
  

Cash at bank and in hand
  
5,637
4,767

  
5,637
4,767

Creditors: amounts falling due within one year
 5 
(99,352)
(99,695)

Net current liabilities
  
 
 
(93,715)
 
 
(94,928)

Total assets less current liabilities
  
85,921
84,708

Creditors: amounts falling due after more than one year
 6 
(69,030)
(70,116)

  

Net assets
  
16,891
14,592


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
16,889
14,590

  
16,891
14,592

Page 1

 
WESTACRE PROPERTIES LIMITED
REGISTERED NUMBER: SC615067

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 comprehensive income 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 on 1 May 2025.




Mrs S I Kiersgaard
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WESTACRE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

The company is limited by shares and incorporated in Scotland.  The address of the registered office is 7 Arnothill, Falkirk, FK1 5RZ.

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 derived from residential lets.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

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.


  
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 the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
WESTACRE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Investment property

£



Valuation


At 1 December 2023
179,636



At 30 November 2024
179,636

The 2024 valuations were made by the directors, on an open market value for existing use basis.




5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
250
250

Other taxation and social security
539
1,028

Other creditors
95,043
94,856

Bank loans
3,520
3,561

99,352
99,695


Page 4

 
WESTACRE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
69,030
70,116

69,030
70,116


The following liabilities were secured:

2024
2023
£
£



Bank loans
72,550
-

72,550
-

Details of security provided:

The company granted fixed charges in favour of the Mortgage Works (UK) PLC over the residential properties located at 83 and 87 Oswald Street, Falkirk, FK1 1QL.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 5