Edinburgh and Newcastle Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC130322 (Scotland)

Edinburgh & Newcastle

Properties Limited

Unaudited Financial Statements

For The Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M J W Wooding

Mrs A L Balch

Miss J M Wooding

SECRETARY:

Mrs J M Idriss

REGISTERED OFFICE:

c/o Morton Fraser Macroberts LLP

9 Haymarket Square

Edinburgh

EH3 8RY

REGISTERED NUMBER:

SC130322 (Scotland)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edinburgh & Newcastle Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Edinburgh & Newcastle Properties Limited, as a body, in accordance with the terms of our engagement letter dated 25 March 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Edinburgh & Newcastle Properties Limited and state those matters that we have agreed to state to the Board of Directors of Edinburgh & Newcastle Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh & Newcastle Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edinburgh & Newcastle Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh & Newcastle Properties Limited. You consider that Edinburgh & Newcastle Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edinburgh & Newcastle Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

21 October 2025

FIXED ASSETS

Tangible assets

4

89,317

93,158

Investment property

5

2,121,512

2,210,829

2,214,670

CURRENT ASSETS

Stocks

1,800,128

Debtors

6

70,325

56,071

Investments

7

617

Cash at bank and in hand

269,169

167,250

2,140,239

2,024,066

CREDITORS

Amounts falling due within one year

8

454,621

456,877

NET CURRENT ASSETS

1,685,618

1,567,189

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,896,447

3,781,859

CREDITORS

Amounts falling due after more than one
year

9

(145,991

)

(272,473

)

PROVISIONS FOR LIABILITIES

(109,605

)

(110,064

)

NET ASSETS

3,640,851

3,399,322

CAPITAL AND RESERVES

Called up share capital

11

Revaluation Reserve

77,957

Retained earnings

3,562,883

3,321,354

SHAREHOLDERS' FUNDS

3,640,851

3,399,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 21 October 2025 and were signed on its behalf by:

Mrs A L Balch - Director

M J W Wooding - Director

1.	STATUTORY INFORMATION

Edinburgh & Newcastle Properties 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.

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.

Turnover

Turnover represents income from property sales and rents receivable in respect of stock properties owned by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance and 10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

100,373

43,138

143,511

DEPRECIATION

At 1 April 2024

20,066

30,287

50,353

Charge for year

2,007

1,834

3,841

At 31 March 2025

22,073

32,121

54,194

NET BOOK VALUE

At 31 March 2025

78,300

11,017

89,317

At 31 March 2024

80,307

12,851

93,158

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,121,512

NET BOOK VALUE

At 31 March 2025

2,121,512

At 31 March 2024

2,121,512

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

236,216

Valuation in 2018

179,337

Valuation in 2022

(242,081

)

Cost

1,948,040

2,121,512

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,904,029

Investment property was valued on an open market basis on 31 March 2022 by independent chartered surveyors .

The investment properties situation in Scotland were valued by AB Robb Limited, Chartered Surveyors. The investment properties situated in England were valued by Richardson & Smith, Chartered Surveyors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

26,765

31,862

Other debtors

43,560

24,209

70,325

56,071

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

Investments

617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

120,064

125,391

Trade creditors

53,417

46,183

Taxation and social security

99,023

80,925

Other creditors

182,117

204,378

454,621

456,877

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

145,991

272,473

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

266,055

397,864

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Miss J M Wooding

Balance outstanding at start of year

-

6,000

Amounts repaid

-

(6,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M J W Wooding

Balance outstanding at start of year

58

-

Amounts advanced

303

58

Amounts repaid

(58

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

303

58

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by M J W Wooding, Miss H C Lewis, Mrs A L Balch and Miss L J Wooding, the trustees of J W Wooding Will Trust. The beneficiaries of the J W Wooding Will Trust are M J W Wooding, Mrs J M Idriss, Mrs A L Balch, Miss J M Wooding, P Garrett and Miss I L Garrett.