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REGISTERED NUMBER: SC165106 (Scotland)















WAC (Aberdeen) Limited

Financial Statements For The Year Ended 31 March 2025






WAC (Aberdeen) Limited (Registered number: SC165106)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAC (Aberdeen) Limited

Company Information
For The Year Ended 31 March 2025







DIRECTOR: Mr I McCormick



SECRETARY: Mr I McCormick



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV10 1JR



REGISTERED NUMBER: SC165106 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Virgin Money
1 Queens Cross
Aberdeen
AB15 4XU

WAC (Aberdeen) Limited (Registered number: SC165106)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 2,316,726 2,316,726

CURRENT ASSETS
Debtors 5 2,708 837
Cash at bank 577,144 525,202
579,852 526,039
CREDITORS
Amounts falling due within one year 6 24,807 25,100
NET CURRENT ASSETS 555,045 500,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,871,771

2,817,665

PROVISIONS FOR LIABILITIES 7 7,129 7,129
NET ASSETS 2,864,642 2,810,536

CAPITAL AND RESERVES
Called up share capital 8 902,625 902,625
Share premium 9 80,505 80,505
Retained earnings 9 1,881,512 1,827,406
SHAREHOLDERS' FUNDS 2,864,642 2,810,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

WAC (Aberdeen) Limited (Registered number: SC165106)

Balance Sheet - continued
31 March 2025


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 6 May 2025 and were signed by:





Mr I McCormick - Director


WAC (Aberdeen) Limited (Registered number: SC165106)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

WAC (Aberdeen) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 2,316,726
NET BOOK VALUE
At 31 March 2025 2,316,726
At 31 March 2024 2,316,726

WAC (Aberdeen) Limited (Registered number: SC165106)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 2,708 837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 14,366 12,617
Other creditors 10,441 12,483
24,807 25,100

7. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 7,129 7,129

Deferred
tax
£   
Balance at 1 April 2024 7,129
Balance at 31 March 2025 7,129

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
660,201 Ordinary 1 660,201 660,201
242,424 A Ordinary 1 242,424 242,424
902,625 902,625

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2024 1,827,406 80,505 1,907,911
Profit for the year 54,106 54,106
At 31 March 2025 1,881,512 80,505 1,962,017

10. RELATED PARTY DISCLOSURES

During the year McCormicks (Commercial) Limited a company under common control provided services totalling £12,431 (2024 - £7,433) to the company. As at 31 March 2024 the company was due McCormicks (Commercial) Limited £Nil.