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INCHWOOD LTD

Registered Number
SC652270
(Scotland)

Unaudited Financial Statements for the Period ended
31 March 2025

INCHWOOD LTD
Company Information
for the period from 1 January 2024 to 31 March 2025

Directors

CLARK, Steven David
DYER, Samuel Richard

Registered Address

195 Queensferry Road
Rosyth
Dunfermline
KY11 2JH

Registered Number

SC652270 (Scotland)
INCHWOOD LTD
Balance Sheet as at
31 March 2025

Notes

31 Mar 2025

31 Dec 2023

£

£

£

£

Fixed assets
Investment property36,626,9286,455,406
6,626,9286,455,406
Current assets
Debtors422,893725
Cash at bank and on hand84,65750,747
107,55051,472
Creditors amounts falling due within one year5(4,000)-
Net current assets (liabilities)103,55051,472
Total assets less current liabilities6,730,4786,506,878
Creditors amounts falling due after one year6(5,371,700)(5,196,117)
Provisions for liabilities7(285,604)(246,582)
Net assets1,073,1741,064,179
Capital and reserves
Called up share capital100100
Profit and loss account1,073,0741,064,079
Shareholders' funds1,073,1741,064,179
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2025, and are signed on its behalf by:
CLARK, Steven David
Director
DYER, Samuel Richard
Director

Registered Company No. SC652270
INCHWOOD LTD
Notes to the Financial Statements
for the period ended 31 March 2025

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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Interest income
Interest income is recognised using the effective interest rate method.
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.
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.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees
The two directors of the business did not take any remuneration or pension drawings from the business

20252023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 January 246,455,406
Additions369,172
Disposals(300,779)
Fair value adjustments103,129
At 31 March 256,626,928
4.Debtors: amounts due within one year

2025

2023

££
Trade debtors / trade receivables22,168-
Prepayments and accrued income725725
Total22,893725
5.Creditors: amounts due within one year

2025

2023

££
Amounts owed to related parties4,000-
Total4,000-
6.Creditors: amounts due after one year

2025

2023

££
Bank borrowings and overdrafts4,618,5324,269,200
Amounts owed to related parties653,168886,917
Other creditors100,00040,000
Total5,371,7005,196,117
7.Provisions for liabilities

2025

2023

££
Net deferred tax liability (asset)285,604246,582
Total285,604246,582