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Company Registration No. SC701136 (Scotland)
WALLACE PROPERTY AND INVESTMENTS LIMITED Unaudited accounts for the year ended 30 June 2025
WALLACE PROPERTY AND INVESTMENTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WALLACE PROPERTY AND INVESTMENTS LIMITED Company Information for the year ended 30 June 2025
Director
Brian Wallace
Company Number
SC701136 (Scotland)
Registered Office
34 Kingseat Avenue GRANGEMOUTH FK3 0AD
Accountants
Acumenica Group 4 Earls Court, Grangemouth Grangemouth FK3 8ZE
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WALLACE PROPERTY AND INVESTMENTS LIMITED Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
98,740
65,740
Current assets
Cash at bank and in hand
4,957
5,435
Creditors: amounts falling due within one year
5
(103,225)
(73,028)
Net current liabilities
(98,268)
(67,593)
Net assets/(liabilities)
472
(1,853)
Capital and reserves
Called up share capital
1
1
Profit and loss account
471
(1,854)
Shareholders' funds
472
(1,853)
For the year ending 30 June 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2025 and were signed on its behalf by
Brian Wallace Director Company Registration No. SC701136
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WALLACE PROPERTY AND INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
WALLACE PROPERTY AND INVESTMENTS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC701136. The registered office is 34 Kingseat Avenue, GRANGEMOUTH, FK3 0AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 July 2024
65,740
Additions
33,000
At 30 June 2025
98,740
Depreciation
At 30 June 2025
-
Net book value
At 30 June 2025
98,740
At 30 June 2024
65,740
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
110
-
Loans from directors
102,276
72,189
Accruals
839
839
103,225
73,028
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WALLACE PROPERTY AND INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 June 2025
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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