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REGISTERED NUMBER: SC048937 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WILLIAM R. ALLAN (SCOTLAND) LIMITED

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM R. ALLAN (SCOTLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: R B Bowie
N K Wilson
L K Bowie



SECRETARY: Queensferry Square Limited



REGISTERED OFFICE: 9 Haymarket Square
Edinburgh
EH3 8FY



REGISTERED NUMBER: SC048937 (Scotland)



SOLICITORS: Shepherd and Wedderburn
9 Haymarket Square
Edinburgh
EH3 8FY

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,875 47,250
Investments 5 233,000 233,000
Investment property 6 325,000 325,000
597,875 605,250

CURRENT ASSETS
Debtors 7 62,966 14,537
Cash at bank 680,044 710,921
743,010 725,458
CREDITORS
Amounts falling due within one year 8 199,200 201,226
NET CURRENT ASSETS 543,810 524,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,141,685

1,129,482

PROVISIONS FOR LIABILITIES 10 65,200 67,100
NET ASSETS 1,076,485 1,062,382

CAPITAL AND RESERVES
Called up share capital 275,000 275,000
Fair value reserve 11 318,449 318,449
Retained earnings 11 483,036 468,933
SHAREHOLDERS' FUNDS 1,076,485 1,062,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





R B Bowie - Director


WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

William R. Allan (Scotland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents commissions from timber agency work and is stated exclusive of value added tax. Income is recognised when suppliers have invoiced and the risks and rewards of ownership have transferred to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

The property, originally purchased in 1999, has, from 2011, been disclosed as an investment property.

The directors undertake an impairment review of tangible fixed assets where there is an indication of impairment.

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.

Financial instruments/investments
Investments in shares are stated at fair value with any aggregate surplus or deficit arising from changes in fair value being recognised in profit or loss. In the case of listed shares, the fair value is determined from stock market prices. In the case of unlisted shares, fair value is determined from the most recent available information on the allotment of shares.

Basic financial instruments
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 69,309
Additions 44,000
Disposals (63,000 )
At 31 December 2024 50,309
DEPRECIATION
At 1 January 2024 22,059
Charge for year 4,125
Eliminated on disposal (15,750 )
At 31 December 2024 10,434
NET BOOK VALUE
At 31 December 2024 39,875
At 31 December 2023 47,250

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 233,000
NET BOOK VALUE
At 31 December 2024 233,000
At 31 December 2023 233,000

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2014 71,308
Valuation in 2015 28,000
Valuation in 2016 17,000
Valuation in 2018 34,000
Valuation in 2021 8,000
Valuation in 2022 58,000
Cost 16,692
233,000

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 16,692 16,692

The investment in unlisted shares is stated at fair value having regard to the latest available share allotment price.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 325,000
NET BOOK VALUE
At 31 December 2024 325,000
At 31 December 2023 325,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2011 83,240
Valuation in 2018 25,000
Valuation in 2021 25,000
Valuation in 2022 25,000
Cost 166,760
325,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 166,760 166,760

The investment property was valued on a prudent open market basis on 31 December 2022 by the directors .

The directors do not consider that there has been any material change in the investment property valuation since December 2022.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 60,041 12,484
Other debtors 2,925 2,053
62,966 14,537

WILLIAM R. ALLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC048937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 162,543 145,324
Taxation and social security 30,154 42,904
Other creditors 6,503 12,998
199,200 201,226

9. SECURED DEBTS

The company's bankers hold a standard security over the company's property together with a bond and floating charge. At both 31 December 2024 and 31 December 2023 there was no overdraft or loans outstanding.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 9,100 11,000
Other timing differences 56,100 56,100
65,200 67,100

Deferred
tax
£   
Balance at 1 January 2024 67,100
Arising on revaluation to fair
value of investments
Arising on revaluation to fair
value of inv property
Arising as a result of capital
allowance timing difference (1,900 )
Balance at 31 December 2024 65,200

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 468,933 318,449 787,382
Profit for the year 41,603 - 41,603
Dividends (27,500 ) - (27,500 )
At 31 December 2024 483,036 318,449 801,485

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,500 (2023 - £41,250) were paid to the directors .