Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC716764 Mr David Yuill Mrs Lyndsay Yuill directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC716764 2023-12-31 SC716764 2024-12-31 SC716764 2024-01-01 2024-12-31 SC716764 frs-core:Non-currentFinancialInstruments 2024-12-31 SC716764 frs-core:RevaluationReserve 2023-12-31 SC716764 frs-core:RevaluationReserve 2024-12-31 SC716764 frs-core:ShareCapital 2024-12-31 SC716764 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC716764 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC716764 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC716764 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC716764 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC716764 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC716764 1 2024-01-01 2024-12-31 SC716764 frs-bus:Director1 2024-01-01 2024-12-31 SC716764 frs-bus:Director2 2024-01-01 2024-12-31 SC716764 frs-countries:Scotland 2024-01-01 2024-12-31 SC716764 2022-12-31 SC716764 2023-12-31 SC716764 2023-01-01 2023-12-31 SC716764 frs-core:Non-currentFinancialInstruments 2023-12-31 SC716764 frs-core:RevaluationReserve 2023-12-31 SC716764 frs-core:ShareCapital 2023-12-31 SC716764 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC716764
L-d Properties Wl Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC716764
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 810,000 655,000
810,000 655,000
CURRENT ASSETS
Cash at bank and in hand 14,122 10,180
14,122 10,180
Creditors: Amounts Falling Due Within One Year 5 (224,442 ) (279,700 )
NET CURRENT ASSETS (LIABILITIES) (210,320 ) (269,520 )
TOTAL ASSETS LESS CURRENT LIABILITIES 599,680 385,480
Creditors: Amounts Falling Due After More Than One Year 6 (567,720 ) (353,812 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,750 ) -
NET (LIABILITIES)/ASSETS (28,790 ) 31,668
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 193,000 193,000
Income Statement (221,792 ) (161,334 )
SHAREHOLDERS' FUNDS (28,790) 31,668
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Lyndsay Yuill
Director
22/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L-d Properties Wl Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC716764 . The registered office is 5 Wright Gardens, Bathgate, EH48 2XD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts where appropriate.
The company recognises revenue when:
The amount of revenue can be reliably measured;
services have been provided and the right to consideration has been earned; 
and collectability of the related receivables is fairly assured.
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight-line basis over the lease term.
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 655,000
Additions 112,394
Revaluations 42,606
As at 31 December 2024 810,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 567,000 462,000
Investment properties are carried at fair value based on a valuation by an independent, professionally qualified valuer. The valuation was prepared on 31 December 2024 on the basis of market value.
The significant assumptions used in the determination of the fair value of investment property include market rental values, appropriate yields, and estimated future cash flows.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 224,442 279,700
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 567,720 353,812
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 567,720 353,812
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Reserves
Revaluation Reserve
£
As at 1 January 2024 193,000
As at 31 December 2024 193,000
10. Related Party Transactions
Smith Letting Services LimitedA company in which Mrs Lyndsay Yuill is a director and shareholder.The company owed Smith Letting Services Ltd £700 (2023: Nil). The amount is included in other creditors.

Smith Letting Services Limited

A company in which Mrs Lyndsay Yuill is a director and shareholder.

The company owed Smith Letting Services Ltd £700 (2023: Nil). The amount is included in other creditors.

11. Ultimate Controlling Party
The company's ultimate controlling party is directors by virtue of his ownership of 100% of the issued share capital in the company.
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