W Lockhart Marshall Limited - Filleted accounts

Registered number

SC035102

W Lockhart Marshall Limited

Filleted Accounts

31 March 2025

W Lockhart Marshall Limited
Registered number:		SC035102
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	4		901,505			901,505

Current assets
Debtors	5	(14,099)			10,524
Cash at bank and in hand		80,428			24,883
		66,329			35,407

Creditors: amounts falling due within one year	6	(21,712)			(52,220)

Net current assets/(liabilities)			44,617			(16,813)

Net assets			946,122			884,692

Capital and reserves
Called up share capital			57,500			57,500
Share premium			17,500			17,500
Fair Value Reserve	7		400,984			400,984
Profit and loss account			470,138			408,708

Shareholder's funds			946,122			884,692

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




John Logan
Director
Approved by the board on 25 October 2025

W Lockhart Marshall Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the rental income due for this period.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment	15% on reducing balance
	Fixtures and Fittings on Let Properties	100%

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				95,589
	At 31 March 2025				95,589

	Depreciation
	At 1 April 2024				95,589
	At 31 March 2025				95,589

	Net book value
	At 31 March 2025				-


4	Investments

Investment
Properties
£
	Fair Value
	At 1 April 2024				901,505

	At 31 March 2025				901,505

	The investment properties have been valued at open market value as at February 2013. Subsequent additions have been included at cost



5	Debtors		2025		2024
£				£

	Trade debtors		1,675		2,650
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		(15,774)		7,874
			(14,099)		10,524


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Deferred income		950		420
	Taxation and social security costs		19,597		20,288
	Other creditors		1,165		31,512
			21,712		52,220


7	Fair Value Reseve		2025		2024
£				£

	At 1 April 2024		400,984		400,984

	At 31 March 2025		400,984		400,984


8	Related party transactions

	Payroll for staff and directors is operated by Marnox Ltd, a company controlled by John Logan. Marnox Ltd, pays all property related and running expenses both for itself and W Lockhart Marshall Ltd. The total costs paid by both companies are then apportioned between the two companies according to their respective turnover. In addition, Marnox Ltd rents a property from W Lockhart Marshall Ltd. Rent was £6,000 during the year.

9	Controlling party

	The company is under the control of the director John Logan by virture of his 100% holding of the ordinary share capital.


10	Other information

	W Lockhart Marshall Limited is a private company limited by shares and incorporated in England. Its registered office is:
	144 Crown Street
	Aberdeen
	AB11 6HS