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LDW INVESTMENT LTD

Registered Number
SC713643
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

LDW INVESTMENT LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

Hongmei Yuan

Registered Address

9 Royal Crescent
Glasgow
G3 7SP

Registered Number

SC713643 (Scotland)
LDW INVESTMENT LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39711,196
Investment property4222,254222,254
223,225223,450
Current assets
Debtors51,1201,000
Cash at bank and on hand15,0339,484
16,15310,484
Creditors amounts falling due within one year6(80,311)(79,037)
Net current assets (liabilities)(64,158)(68,553)
Total assets less current liabilities159,067154,897
Creditors amounts falling due after one year7(151,908)(151,908)
Provisions for liabilities9(78)(98)
Net assets7,0812,891
Capital and reserves
Called up share capital44
Profit and loss account7,0772,887
Shareholders' funds7,0812,891
The financial statements were approved and authorised for issue by the Director on 24 July 2025, and are signed on its behalf by:
Hongmei Yuan
Director
Registered Company No. SC713643
LDW INVESTMENT LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
The turnover shown in the profit and loss account represents the rental income receivable for the year. Income is recognised on the basis of rent due for the period.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings15
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 231,5001,500
At 31 October 241,5001,500
Depreciation and impairment
At 01 November 23304304
Charge for year225225
At 31 October 24529529
Net book value
At 31 October 24971971
At 31 October 231,1961,196
4.Investment property
The investment property was revalued by the director on 31 October 2023, who deems the cost as appropriate to its current market value. The valuation at 31 October 2024 remains unchanged.

£
Fair value at 01 November 23222,254
At 31 October 24222,254
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,0001,000
Prepayments and accrued income120-
Total1,1201,000
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,0875,087
Taxation and social security1,031587
Other creditors73,27172,745
Accrued liabilities and deferred income922618
Total80,31179,037
Other creditors includes a loan from the directors which is interest free and repayable on demand.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts151,908151,908
Total151,908151,908
8.Secured creditors
The loan is secured over the property.
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)7898
Total7898
10.Related party transactions
The loan balance due to the director amounted to £52,271 (2023: £51,745) at the year end.