2 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false 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
2024 2023
Note £ £ £ £
Fixed assets
Investment property - -
Investments 3 2,806,814 2,503,492
________ ________
2,806,814 2,503,492
Current assets
Debtors 4 92,536 148,433
Cash at bank and in hand 3,605 9,394
________ ________
96,141 157,827
Creditors: amounts falling due
within one year 5 ( 512,979) ( 681,959)
________ ________
Net current liabilities ( 416,838) ( 524,132)
________ ________
Total assets less current liabilities 2,389,976 1,979,360
Provisions for liabilities ( 20,549) -
________ ________
Net assets 2,369,427 1,979,360
________ ________
Capital and reserves
Called up share capital 2 2
Fair value reserve 87,601 -
Profit and loss account 2,281,824 1,979,358
________ ________
Shareholders funds 2,369,427 1,979,360
________ ________
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
________ ________ ________
Impairment
At 1 September 2023 and 31 August 2024 - - -
________ ________ ________
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
________ ________