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REGISTERED NUMBER: SC613864 (Scotland)















Financial Statements for the Year Ended 30 November 2024

for

Caroline Walker Property Leasing Limited

Caroline Walker Property Leasing Limited (Registered number: SC613864)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caroline Walker Property Leasing Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mrs C M Walker





REGISTERED OFFICE: 18 North Silver Street
Aberdeen
AB10 1JU





REGISTERED NUMBER: SC613864 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Caroline Walker Property Leasing Limited (Registered number: SC613864)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,879 26,035
Tangible assets 5 53,684 44,663
76,563 70,698

CURRENT ASSETS
Debtors 6 2,032 2,159
Cash at bank 318,093 279,565
320,125 281,724
CREDITORS
Amounts falling due within one year 7 171,373 129,846
NET CURRENT ASSETS 148,752 151,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,315

222,576

PROVISIONS FOR LIABILITIES 10,862 10,929
NET ASSETS 214,453 211,647

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 214,353 211,547
SHAREHOLDERS' FUNDS 214,453 211,647

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

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

Caroline Walker Property Leasing Limited (Registered number: SC613864)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2025 and were signed by:





Mrs C M Walker - Director


Caroline Walker Property Leasing Limited (Registered number: SC613864)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Caroline Walker Property Leasing 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.

These financial statements are presented in sterling, which is the functional currency of the company and
rounded to the nearest £.

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.

The principle accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding value added tax. The policies adopted for the recognition of turnover are as follows:

Fee Income
Fee income is recognised on a monthly basis in accordance with the landlord agreements.

Commission Received
Income from commission is recognised in the period it relates to.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of managed properties, is being amortised evenly over nine years, as a reliable estimate cannot be made. Nine years was considered appropriate due to the customer base.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixture, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line

Tangible assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Caroline Walker Property Leasing Limited (Registered number: SC613864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 28,402
AMORTISATION
At 1 December 2023 2,367
Charge for year 3,156
At 30 November 2024 5,523
NET BOOK VALUE
At 30 November 2024 22,879
At 30 November 2023 26,035

Caroline Walker Property Leasing Limited (Registered number: SC613864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixture,
to fittings Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 950 38,402 6,936 17,505 63,793
Additions - 17,704 9,979 1,431 29,114
Disposals - (9,600 ) (6,936 ) (215 ) (16,751 )
At 30 November 2024 950 46,506 9,979 18,721 76,156
DEPRECIATION
At 1 December 2023 - 4,942 3,441 10,747 19,130
Charge for year 95 6,321 1,549 3,629 11,594
Eliminated on disposal - (4,086 ) (3,951 ) (215 ) (8,252 )
At 30 November 2024 95 7,177 1,039 14,161 22,472
NET BOOK VALUE
At 30 November 2024 855 39,329 8,940 4,560 53,684
At 30 November 2023 950 33,460 3,495 6,758 44,663

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
Restated
£    £   
Other debtors 2,032 2,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
Restated
£    £   
Trade creditors 3,940 -
Taxation and social security 68,351 44,237
Other creditors 99,082 85,609
171,373 129,846

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary Share 1 100 100

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £176,667 (2023 - £196,667).

Caroline Walker Property Leasing Limited (Registered number: SC613864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

10. FIRST YEAR ADOPTION OF FINANCIAL REPORTING STANDARD 102 (FRS102) SECTION 1A

The financial statements for the year ended 30 November 2024 are the first that have been prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 December 2022 and the comparative figures have been restated accordingly.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.

The accounting policies that have changed are as follows:

Deferred tax

The nature of these changes and their impact on the opening equity and profit for the comparative year are explained in the Reconciliation of Equity and the Reconciliation of Profit.

The only adjustment relates to the recognition of deferred tax liabilities arising from timing differences between the net book value of fixed assets and their written down value. Deferred tax liabilities of £4,488 and £10,929 were recognised at 1 December 2022 and 30 November 2023 respectively. A deferred tax charge of £6,441 was recognised in the restated profit fro te year ended 30 November 2023.