| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| WILLIAM R. ALLAN (SCOTLAND) LIMITED |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SOLICITORS: |
| 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 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 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 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 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 |
| Other debtors |
| 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 |
| Taxation and social security |
| Other creditors |
| 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 |
| Other timing differences |
| 65,200 | 67,100 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2024 |
| 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 |
| 11. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2024 | 787,382 |
| Profit for the year | - |
| Dividends | ( |
) | - | ( |
) |
| At 31 December 2024 | 801,485 |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £27,500 (2023 - £41,250) were paid to the directors . |