IRIS Accounts Production v25.1.3.33 SC216905 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2169052023-08-31SC2169052024-08-31SC2169052023-09-012024-08-31SC2169052022-08-31SC2169052022-09-012023-08-31SC2169052023-08-31SC216905ns15:Scotland2023-09-012024-08-31SC216905ns14:PoundSterling2023-09-012024-08-31SC216905ns10:Director12023-09-012024-08-31SC216905ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC216905ns10:SmallEntities2023-09-012024-08-31SC216905ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC216905ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC216905ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC216905ns10:FullAccounts2023-09-012024-08-31SC216905ns10:Director22023-09-012024-08-31SC216905ns10:CompanySecretary12023-09-012024-08-31SC216905ns10:RegisteredOffice2023-09-012024-08-31SC216905ns5:CurrentFinancialInstruments2024-08-31SC216905ns5:CurrentFinancialInstruments2023-08-31SC216905ns5:ShareCapital2024-08-31SC216905ns5:ShareCapital2023-08-31SC216905ns5:RevaluationReserve2024-08-31SC216905ns5:RevaluationReserve2023-08-31SC216905ns5:RetainedEarningsAccumulatedLosses2024-08-31SC216905ns5:RetainedEarningsAccumulatedLosses2023-08-31SC216905ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC216905ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31SC216905ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: SC216905 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KRAMER WARD LTD

KRAMER WARD LTD (REGISTERED NUMBER: SC216905)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KRAMER WARD LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: M T Edwards FCCA
C J Hulskramer



SECRETARY: M T Edwards FCCA



REGISTERED OFFICE: 10 Damhead
Lothianburn
Edinburgh
Lothian
EH10 7DZ



REGISTERED NUMBER: SC216905 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: The Royal Bank of Scotland plc
Edinburgh West End Office
142 - 144 Princes Street
Edinburgh
EH2 4EQ



SOLICITORS: Macbeth Currie
8 Manor Place
Edinburgh
Lothian
EH3 7DD

KRAMER WARD LTD (REGISTERED NUMBER: SC216905)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 119,000 119,000

CURRENT ASSETS
Debtors 5 395 395
Cash at bank 77,425 68,439
77,820 68,834
CREDITORS
Amounts falling due within one year 6 111,237 105,632
NET CURRENT LIABILITIES (33,417 ) (36,798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,583

82,202

PROVISIONS FOR LIABILITIES 7,840 7,840
NET ASSETS 77,743 74,362

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 64,585 64,585
Retained earnings 12,158 8,777
SHAREHOLDERS' FUNDS 77,743 74,362

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 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 17 May 2025 and were signed on its behalf by:





M T Edwards FCCA - Director


KRAMER WARD LTD (REGISTERED NUMBER: SC216905)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Kramer Ward Ltd 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. 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.

Turnover
Turnover represents rent receivable.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. Fair value gains and losses net of deferred tax are transferred to the Fair Value Reserve.

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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 119,000
NET BOOK VALUE
At 31 August 2024 119,000
At 31 August 2023 119,000

The investment property has been valued by the directors on an open market value.

KRAMER WARD LTD (REGISTERED NUMBER: SC216905)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2007 60,000
Valuation in 2018 12,425
Cost 46,575
119,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 395 395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7 7
Other creditors 111,230 105,625
111,237 105,632

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 64,585