| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 November 2024 |
| for |
| Caroline Walker Property Leasing Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 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 |
| 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 |
| Improvements to property | - |
| Fixture, fittings & equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| AMORTISATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| Restated |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| Restated |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.24 | 30.11.23 |
| value: | £ | £ |
| 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. |