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REGISTERED NUMBER: SC458088 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALLOWAY ESTATES LIMITED

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Statement of Changes in Equity 4

Notes to the Financial Statements 5


ALLOWAY ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: Mrs V Lang





REGISTERED OFFICE: 23 Ayr Road
Prestwick
KA9 1SY





REGISTERED NUMBER: SC458088 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,571 270,697

CURRENT ASSETS
Stocks 38,040 61,330
Debtors 5 12,982 9,334
Cash at bank 11,639 17,848
62,661 88,512
CREDITORS
Amounts falling due within one year 6 202,121 183,378
NET CURRENT LIABILITIES (139,460 ) (94,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,111

175,831

CREDITORS
Amounts falling due after more than one
year

7

(6,673

)

(16,673

)

PROVISIONS FOR LIABILITIES (881 ) (244 )
NET ASSETS 136,557 158,914

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 136,457 158,814
SHAREHOLDERS' FUNDS 136,557 158,914

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 23 June 2025 and were signed by:





Mrs V Lang - Director


ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 September 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 100 185,853 185,953

Changes in equity
Dividends - (44,000 ) (44,000 )
Total comprehensive income - 16,961 16,961
Balance at 30 September 2023 100 158,814 158,914

Changes in equity
Dividends - (30,000 ) (30,000 )
Total comprehensive income - 7,644 7,644
Balance at 30 September 2024 100 136,458 136,558

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alloway Estates 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Stock Valuation
The Company assesses the carrying value of stock on at least an annual basis, taking into consideration when each item was purchased and the Company's ability to sell that particular item. Where it is considered the net realisable value of stock has fallen below its' original cost, a provision is made by Management against the stock value in the financial statements.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in its application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property - Straight line over 12 years
Office Equipment - 25% on reducing balance
Computer Equipment - 33.33% 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.

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 290,107 - 1,140 989 292,236
Additions 11,927 4,795 - 399 17,121
At 30 September 2024 302,034 4,795 1,140 1,388 309,357
DEPRECIATION
At 1 October 2023 20,700 - 400 439 21,539
Charge for year 2,400 1,199 185 463 4,247
At 30 September 2024 23,100 1,199 585 902 25,786
NET BOOK VALUE
At 30 September 2024 278,934 3,596 555 486 283,571
At 30 September 2023 269,407 - 740 550 270,697

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2024 302,034 4,795 1,140 1,388 309,357

If Freehold Property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 247,034 235,107
Aggregate depreciation 16,500 15,200

Value of land in freehold land and buildings 48,500 49,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,870 5,250
Other debtors 5,112 4,084
12,982 9,334

ALLOWAY ESTATES LIMITED (REGISTERED NUMBER: SC458088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,393 492
Taxation and social security 1,720 2,587
Other creditors 189,008 170,299
202,121 183,378

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,673 16,673

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2023 158,813
Profit for the year 7,644
Dividends (30,000 )
At 30 September 2024 136,457