COMPANY REGISTRATION NUMBER:
SC797298
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Filleted Unaudited Financial Statements |
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Period ended 31 January 2025
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Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
LWL Holdings Ltd |
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Period ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LWL Holdings Ltd for the period ended 31 January 2025, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of LWL Holdings Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of LWL Holdings Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LWL Holdings Ltd and its director for our work or for this report.
It is your duty to ensure that LWL Holdings Ltd 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 loss of LWL Holdings Ltd. You consider that LWL Holdings Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of LWL Holdings Ltd. 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.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
22 October 2025
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Statement of Financial Position |
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31 January 2025
Current assets
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Debtors |
4 |
6,370 |
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Cash at bank and in hand |
25,885 |
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|
-------- |
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32,255 |
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Creditors: amounts falling due within one year |
5 |
32,718 |
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-------- |
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Net current liabilities |
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463 |
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---- |
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Total assets less current liabilities |
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(
463) |
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---- |
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Net liabilities |
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(
463) |
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---- |
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Capital and reserves
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Called up share capital |
|
90 |
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Profit and loss account |
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(
553) |
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|
---- |
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Shareholders deficit |
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(
463) |
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---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 October 2025
, and are signed on behalf of the board by:
Company registration number:
SC797298
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Notes to the Financial Statements |
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Period ended 31 January 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Craighall Business Park, 18 Eagle Street, Glasgow, G4 9XA, Scotland.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Going concern
The company is reliant on the support of the director and associated companies in order to continue in operational existence and to meet its liabilities as they fall due. The director is satisfied that he will continue to support the company and as such the going concern basis is appropriate for the preparation of the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Debtors
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2025 |
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£ |
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Prepayments and accrued income |
4,870 |
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Other debtors |
1,500 |
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------- |
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6,370 |
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------- |
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5.
Creditors:
amounts falling due within one year
|
2025 |
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£ |
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Accruals and deferred income |
1,200 |
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Social security and other taxes |
1,755 |
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Other creditors |
29,763 |
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-------- |
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32,718 |
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-------- |
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6.
Related party transactions
Included within Other debtors is £1,500 which is owed by a company in which one of the directors has a significant influence. The balance is unsecured, interest fee and repayable on demand. Included within Other creditors is £13,000 which is owed to a company in which one of the directors has a significant influence. The balance is unsecured, interest free and repayable on demand.
7.
Controlling party
The company was not under the control of any one individual.