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REGISTERED NUMBER: SC057283 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Wester Calderhead (Property) Limited

Wester Calderhead (Property) Limited (Registered number: SC057283)






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


Wester Calderhead (Property) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: J W M Manclark
Mrs P A Manclark
R M S Milne



REGISTERED OFFICE: 7 Hopetoun Crescent
Edinburgh
EH7 4AY



REGISTERED NUMBER: SC057283 (Scotland)



ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER



SOLICITORS: Milne & Co WS
7 Hopetoun Crescent
Edinburgh
Midlothian
EH7 4AY

Wester Calderhead (Property) Limited (Registered number: SC057283)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200 200
Investments 5 19,778 19,119
Investment property 6 80,000 80,000
99,978 99,319

CURRENT ASSETS
Debtors 7 257,672 258,535
Cash at bank 63 100
257,735 258,635
CREDITORS
Amounts falling due within one year 8 253 -
NET CURRENT ASSETS 257,482 258,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,460

357,954

PROVISIONS FOR LIABILITIES 4,436 4,271
NET ASSETS 353,024 353,683

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 56,926 56,432
Retained earnings 9 295,998 297,151
SHAREHOLDERS' FUNDS 353,024 353,683

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 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.

Wester Calderhead (Property) Limited (Registered number: SC057283)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





R M S Milne - Director


Wester Calderhead (Property) Limited (Registered number: SC057283)

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

1. STATUTORY INFORMATION

Wester Calderhead (Property) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparing the financial statements may require the directors to make significant judgements and estimates. There were no items in the financial statements where these judgements and estimates were required other than the directors valuation of investment property.

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.

Intangible assets represents Feu superiorities and are shown at cost.

Listed investments
Listed investments are shown at their year end quoted market value. Any aggregate surplus or deficit arising from the annual fair value revaluation is recognised in the profit and loss account for the year.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties whose fair value can be measured reliably on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

The directors review the fair value of the investment properties at each balance sheet date and any adjustments required are reflected in the profit and loss account and fair value reserve.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Wester Calderhead (Property) Limited (Registered number: SC057283)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS

Feu Superiorities
£   

Cost as at 1 December 2023 and 30 November 2024200

NBV at 1 December 2023 and 30 November 2024200

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 19,119
Revaluations 659
At 30 November 2024 19,778
NET BOOK VALUE
At 30 November 2024 19,778
At 30 November 2023 19,119

Wester Calderhead (Property) Limited (Registered number: SC057283)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2022 15,784
Valuation in 2023 1,296
Valuation in 2024 659
Cost 2,039
19,778

Listed investments are stated at the closing market value at the balance sheet date. The original costs of the listed investments was £2,039 (2023: £2,039).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 80,000
NET BOOK VALUE
At 30 November 2024 80,000
At 30 November 2023 80,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 36,377
Cost 43,623
80,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 257,672 258,535

Other debtors represent amounts owed from related parties and participating interest which are unsecured, interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 253 -

Wester Calderhead (Property) Limited (Registered number: SC057283)

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

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 297,151 56,432 353,583
Deficit for the year (659 ) (659 )
Revaluation (494 ) 494 -
At 30 November 2024 295,998 56,926 352,924

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J W M Manclark.