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01/09/2023
31/08/2024
2024-08-31
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No description of principal activities is disclosed
2023-09-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
SC196962
2023-09-01
2024-08-31
SC196962
2024-08-31
SC196962
2023-08-31
SC196962
2022-09-01
2023-08-31
SC196962
2023-08-31
SC196962
2022-08-31
SC196962
bus:Director1
2023-09-01
2024-08-31
SC196962
core:WithinOneYear
2024-08-31
SC196962
core:WithinOneYear
2023-08-31
SC196962
core:ShareCapital
2024-08-31
SC196962
core:ShareCapital
2023-08-31
SC196962
core:RevaluationReserve
2024-08-31
SC196962
core:RetainedEarningsAccumulatedLosses
2024-08-31
SC196962
core:RetainedEarningsAccumulatedLosses
2023-08-31
SC196962
core:CostValuation
core:Non-currentFinancialInstruments
2023-08-31
SC196962
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-08-31
SC196962
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2024-08-31
SC196962
core:Non-currentFinancialInstruments
core:RevaluationsIncreaseDecreaseInInvestments
2024-08-31
SC196962
core:CostValuation
core:Non-currentFinancialInstruments
2024-08-31
SC196962
core:Non-currentFinancialInstruments
2024-08-31
SC196962
core:Non-currentFinancialInstruments
2023-08-31
SC196962
core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal
core:Non-currentFinancialInstruments
2024-08-31
SC196962
bus:SmallEntities
2023-09-01
2024-08-31
SC196962
bus:AuditExemptWithAccountantsReport
2023-09-01
2024-08-31
SC196962
bus:SmallCompaniesRegimeForAccounts
2023-09-01
2024-08-31
SC196962
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
SC196962
bus:FullAccounts
2023-09-01
2024-08-31
Company registration number:
SC196962
Willowski Properties (Bridge of Allan) Limited
Unaudited filleted financial statements
For the year ended
31 August 2024
Willowski Properties (Bridge of Allan) Limited
Contents
Statement of financial position
Notes to the financial statements
Willowski Properties (Bridge of Allan) Limited
Statement of financial position
31 August 2024
|
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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|
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Investment property |
|
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- |
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- |
|
|
|
Investments |
|
3 |
2,806,814 |
|
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|
2,503,492 |
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|
|
|
|
________ |
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________ |
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|
|
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2,806,814 |
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2,503,492 |
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Current assets |
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Debtors |
|
4 |
92,536 |
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148,433 |
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Cash at bank and in hand |
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3,605 |
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9,394 |
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________ |
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________ |
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96,141 |
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157,827 |
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Creditors: amounts falling due |
|
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|
|
|
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|
within one year |
|
5 |
(
512,979) |
|
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|
(
681,959) |
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|
|
|
________ |
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|
________ |
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Net current liabilities |
|
|
|
|
(
416,838) |
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|
(
524,132) |
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|
________ |
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________ |
|
Total assets less current liabilities |
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2,389,976 |
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1,979,360 |
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Provisions for liabilities |
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(
20,549) |
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- |
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________ |
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________ |
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Net assets |
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2,369,427 |
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|
1,979,360 |
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________ |
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________ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
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Fair value reserve |
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87,601 |
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- |
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Profit and loss account |
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2,281,824 |
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1,979,358 |
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________ |
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________ |
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Shareholders funds |
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2,369,427 |
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1,979,360 |
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________ |
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________ |
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 May 2025
, and are signed on behalf of the board by:
Mr G Willoughby
Director
Company registration number:
SC196962
Willowski Properties (Bridge of Allan) Limited
Notes to the financial statements
Year ended 31 August 2024
1.
Accounting policies
General information
The company is a private company limited by shares, registered in Scotland, registration number
SC196962
. The address of the registered office is WILLOWSKI PROPERTIES (BRIDGE OF ALLAN) LIMITED, 6 Conon Brae Close, Conon Bridge, Dingwall, Ross-shire, IV7 8BF.
Basis of preparation
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
2.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
3.
Investments
|
|
Shares in group undertakings and participating interests |
Other investments other than loans |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost or valuation |
|
|
|
|
|
|
|
At 1 September 2023 |
299,998 |
2,203,494 |
2,503,492 |
|
|
|
|
Additions |
- |
1,666,105 |
1,666,105 |
|
|
|
|
Disposals |
- |
(
1,693,156) |
(
1,693,156) |
|
|
|
|
Revaluations |
- |
330,373 |
330,373 |
|
|
|
|
|
________ |
________ |
________ |
|
|
|
|
At 31 August 2024 |
299,998 |
2,506,816 |
2,806,814 |
|
|
|
|
|
________ |
________ |
________ |
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|
Impairment |
|
|
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At 1 September 2023 and 31 August 2024 |
- |
- |
- |
|
|
|
|
|
________ |
________ |
________ |
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|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2024 |
299,998 |
2,506,816 |
2,806,814 |
|
|
|
|
|
________ |
________ |
________ |
|
|
|
|
At 31 August 2023 |
299,998 |
2,203,494 |
2,503,492 |
|
|
|
|
|
________ |
________ |
________ |
|
|
|
|
|
|
|
|
|
|
|
4.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
92,536 |
148,433 |
|
|
|
________ |
________ |
|
|
|
|
|
5.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Taxation and social security |
|
5,647 |
38,447 |
|
Directors loan account |
|
506,108 |
642,384 |
|
Other creditors |
|
1,224 |
1,128 |
|
|
|
________ |
________ |
|
|
|
512,979 |
681,959 |
|
|
|
________ |
________ |
|
|
|
|
|