REGISTERED NUMBER: SC720445 (Scotland)

Winman Company Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Tam

Ms K Pang

REGISTERED OFFICE:

Rosehall Hotel

101 Dalkeith Road

Edinburgh

EH16 5AJ

REGISTERED NUMBER:

SC720445 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland Plc

36 St Andew Square

Edinburgh

EH2 2AD

FIXED ASSETS

Tangible assets

4

114,699

132,335

CURRENT ASSETS

Stocks

500

500

Debtors

5

32,072

5,828

Cash at bank

109,939

25,659

142,511

31,987

CREDITORS

Amounts falling due within one year

6

143,539

155,341

NET CURRENT LIABILITIES

(1,028

)

(123,354

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,671

8,981

PROVISIONS FOR LIABILITIES

19,995

3,435

NET ASSETS

93,676

5,546

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

93,576

5,446

93,676

5,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 20 May 2025 and were signed on its behalf by:

Mr C M Tam - Director

1.	STATUTORY INFORMATION

Winman Company 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 and revenue recognition

Turnover represents room letting and related services invoiced, excluding value added tax. Revenue is recognised when the services have been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 20% on cost and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

170,335

Additions

14,012

At 31 January 2025

184,347

DEPRECIATION

At 1 February 2024

38,000

Charge for year

31,648

At 31 January 2025

69,648

NET BOOK VALUE

At 31 January 2025

114,699

At 31 January 2024

132,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

32,072

5,828

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

4,517

54

Other creditors

139,022

155,287

143,539

155,341

The director's current account is unsecured, interest free and has no fixed repayment period.

7.	LEASING AGREEMENTS

The company has minimum lease payments under non-cancellable operating leases totalling £70,000 (2024: £100,000).

8.	SECURED DEBTS

On 10 April 2022, there was a floating charge created for all sums due or to become due to The Royal Bank of Scotland Plc on undertaking, all property and assets present and future of the company including uncalled capital.