l & r Walker Property Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC718053

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,806		3,887

			42,806		3,887
CURRENT ASSETS
Cash at bank and in hand		22,830		19,262

		22,830		19,262
Creditors: Amounts Falling Due Within One Year	5	(23,056 )		(16,033 )

NET CURRENT ASSETS (LIABILITIES)			(226 )		3,229

TOTAL ASSETS LESS CURRENT LIABILITIES			42,580		7,116

NET ASSETS			42,580		7,116

CAPITAL AND RESERVES
Called up share capital	6		4		4
Profit and Loss Account			42,576		7,112

SHAREHOLDERS' FUNDS			42,580		7,116

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 Profit and Loss Account.

On behalf of the board

Mr Ryan Walker

Director

30/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

l & r Walker Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC718053 . The registered office is The Cottage Robins Mead, Woodlands Road, Blairgowrie, PH10 6JX.

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. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25%
Fixtures & Fittings	15%
Computer Equipment	15%

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	-	5,139	310	5,449
Additions	52,600	-	-	52,600

As at 31 December 2024	52,600	5,139	310	58,049

Depreciation
As at 1 January 2024	-	1,426	136	1,562
Provided during the period	13,000	655	26	13,681

As at 31 December 2024	13,000	2,081	162	15,243

Net Book Value
As at 31 December 2024	39,600	3,058	148	42,806

As at 1 January 2024	-	3,713	174	3,887

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l & r Walker Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	9,948
Bank loans and overdrafts	5,194	-
Accruals and deferred income	5,750	2,250
Directors' loan accounts	12,112	3,835

	23,056	16,033

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

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