IRIS Accounts Production v25.1.3.33 SC068782 director 1.9.23 31.8.24 31.8.24 0 0 true false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC068782 2023-08-31 SC068782 2024-08-31 SC068782 2023-09-01 2024-08-31 SC068782 2022-08-31 SC068782 2022-09-01 2023-08-31 SC068782 2023-08-31 SC068782 ns15:Scotland 2023-09-01 2024-08-31 SC068782 ns14:PoundSterling 2023-09-01 2024-08-31 SC068782 ns10:Director1 2023-09-01 2024-08-31 SC068782 ns10:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC068782 ns10:SmallEntities 2023-09-01 2024-08-31 SC068782 ns10:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC068782 ns10:SmallCompaniesRegimeForDirectorsReport 2023-09-01 2024-08-31 SC068782 ns10:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC068782 ns10:FullAccounts 2023-09-01 2024-08-31 SC068782 ns10:RegisteredOffice 2023-09-01 2024-08-31 SC068782 ns5:CurrentFinancialInstruments 2024-08-31 SC068782 ns5:CurrentFinancialInstruments 2023-08-31 SC068782 ns5:ShareCapital 2024-08-31 SC068782 ns5:ShareCapital 2023-08-31 SC068782 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-08-31 SC068782 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31 SC068782 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 SC068782 ns5:RetainedEarningsAccumulatedLosses 2023-08-31 SC068782 ns5:LongLeaseholdAssets ns5:LandBuildings 2023-09-01 2024-08-31 SC068782 ns5:FurnitureFittings 2023-09-01 2024-08-31 SC068782 ns5:LongLeaseholdAssets ns5:LandBuildings 2023-08-31 SC068782 ns5:FurnitureFittings 2023-08-31 SC068782 ns5:ComputerEquipment 2023-08-31 SC068782 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-08-31 SC068782 ns5:FurnitureFittings 2024-08-31 SC068782 ns5:ComputerEquipment 2024-08-31 SC068782 ns5:LongLeaseholdAssets ns5:LandBuildings 2023-08-31 SC068782 ns5:FurnitureFittings 2023-08-31 SC068782 ns5:ComputerEquipment 2023-08-31 SC068782 ns5:CostValuation 2023-08-31 SC068782 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-08-31

REGISTERED NUMBER: SC068782 (Scotland)

Unaudited Financial Statements

for the Year Ended

31 August 2024

for

WILLIAM CLELAND & SON LIMITED

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

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 |

WILLIAM CLELAND & SON LIMITED

Company Information

for the Year Ended 31 August 2024

| DIRECTOR: | Miss A Wright

| REGISTERED OFFICE: | 90/3 Princes Street

| Edinburgh

| EH2 2ER

| REGISTERED NUMBER: | SC068782 (Scotland)

| ACCOUNTANTS: | WDM Associates

| Oakfield House

| 378 Brandon Street

| Motherwell

| ML1 1XA

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Balance Sheet

31 August 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 278,722 |  | 278,722 |  |

Investments | 5 | 455,562 |  | 455,562 |  |

Investment property | 6 | 262,000 |  | 262,000 |  |

996,284 |  | 996,284 |  |

CURRENT ASSETS

Debtors | 7 | 414,666 |  | 414,666 |  |

Cash at bank and in hand | 24,107 |  | 24,107 |  |

438,773 |  | 438,773 |  |

CREDITORS

Amounts falling due within one year | 8 | (199,559 | ) | (199,559 | ) |

NET CURRENT ASSETS | 239,214 |  | 239,214 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,235,498 |  | 1,235,498 |  |

CAPITAL AND RESERVES

Called up share capital | 5,004 |  | 5,004 |  |

Fair value reserve | 9 | 513,754 |  | 513,754 |  |

Retained earnings | 716,740 |  | 716,740 |  |

SHAREHOLDERS' FUNDS | 1,235,498 |  | 1,235,498 |  |

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 her 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.

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

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 26 May 2025 and were signed by:

Miss A Wright - Director

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Notes to the Financial Statements

for the Year Ended 31 August 2024

1. | STATUTORY INFORMATION

| William Cleland & Son 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.

| Land and buildings | - | Straight line over 50 years

| Fixtures and fittings | - | 10% on reducing balance

| Certain fixed assets are stated at revalued amounts.

| 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.

| Basic financial instruments

| Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

| 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.

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

2. | ACCOUNTING POLICIES - continued

| Consolidation

| The company has taken advantage of the exemptions in the Companies Act 1985 section 248 as it qualifies as a small group, and has not prepared group accounts. Details of the Company's investments are included in Note number 5.

| Associated companies

| Associated companies are included as investments at cost and dividends receivable are included in the profit and loss account. As the company does not prepare group accounts additional information relating to the associates is given in note number 5.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Land and |  | and |  | Computer |

| buildings |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 September 2023

| and 31 August 2024 | 400,000 |  | 2,136 |  | 4,872 |  | 407,008 |  |

| DEPRECIATION

| At 1 September 2023

| and 31 August 2024 | 121,360 |  | 2,054 |  | 4,872 |  | 128,286 |  |

| NET BOOK VALUE

| At 31 August 2024 | 278,640 |  | 82 |  | - |  | 278,722 |  |

| At 31 August 2023 | 278,640 |  | 82 |  | - |  | 278,722 |  |

| Cost or valuation at 31 August 2024 is represented by:

| Land and

| buildings

£ |

| Valuation in 2009 | 100,000 |  |

| Valuation in 2002 | 146,160 |  |

246,160 |  |

** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

| LAND AND BUILDINGS

'COST' ACCOUNT TOTAL

| Cost/valuation b/f | 400,000 |  |

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

4. | TANGIBLE FIXED ASSETS - continued

400,000 |  |

CLIENT SCREEN TOTAL | = | - |  |

** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

| FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL

| Cost/valuation b/f | 2,136 |  |

2,136 |  |

CLIENT SCREEN TOTAL | = | - |  |

** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

| COMPUTER EQUIPMENT

'COST' ACCOUNT TOTAL

| Cost/valuation b/f | 4,872 |  |

4,872 |  |

CLIENT SCREEN TOTAL | = | - |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 | 2023 |

£ | £ |

| Cost | 153,840 |  | 153,840 |  |

| Aggregate depreciation | 31,290 |  | 31,290 |  |

| Freehold land and buildings were valued on an open market basis on 31 August 2022 by the directors. .

5. | FIXED ASSET INVESTMENTS

2024 | 2023 |

£ | £ |

| Other investments not loans | 11,717 |  | 11,717 |  |

| Other loans | 443,845 |  | 443,845 |  |

455,562 |  | 455,562 |  |

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

5. | FIXED ASSET INVESTMENTS - continued

| Additional information is as follows:

| Other

| investments

£ |

| COST

| At 1 September 2023

| and 31 August 2024 | 11,717 |  |

| NET BOOK VALUE

| At 31 August 2024 | 11,717 |  |

| At 31 August 2023 | 11,717 |  |

| Other

| loans

£ |

| At 1 September 2023

| and 31 August 2024 | 443,845 |  |

| Rutland Land Limited has investments of £25 in each of Cramond Homes Limited and Cramond Securities Limited which represents 50% of the issued share capital of Cramond Securities Limited, and 74% of the issued share capital of Cramond Homes Limited.

| Other loans comprises sums due to the company by Rutland Land Limited.

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2023

| and 31 August 2024 | 262,000 |  |

| NET BOOK VALUE

| At 31 August 2024 | 262,000 |  |

| At 31 August 2023 | 262,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Due from associated companies | 414,666 |  | 414,666 |  |

WILLIAM CLELAND & SON LIMITED (REGISTERED NUMBER: SC068782)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Tax | 1 |  | 1 |  |

| Social security and other taxes | 6,252 |  | 6,252 |  |

| Directors' current accounts | 190,306 |  | 190,306 |  |

| Accrued expenses | 3,000 |  | 3,000 |  |

199,559 |  | 199,559 |  |

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 September 2023

| and 31 August 2024 | 513,754 |  |

10. | RELATED PARTY DISCLOSURES

| As at 31 August 20122 the company was due £982,028 from Rutland Land Limited (2021 - £964,428) and £123,917 to Cramond Homes Limited (2021 - £123,917).

| At 31 August 2023 A.Wright was due £190,306 (2022- £190,306) from the company. This was the maximum amount due during the year.

11. | ULTIMATE CONTROLLING PARTY

| The directors are the ultimate controlling parties by virtue of their shareholding in the company.