Hole I' The Wa' Ltd 31/03/2025 iXBRL

Company registration number: SC546981

Hole I' The Wa' Ltd

Unaudited filleted financial statements

31 March 2025

Hole I' The Wa' Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Hole I' The Wa' Ltd

Directors and other information


	Directors	Mr Alan Houliston
		Mrs Susan Houliston


	Company number	SC546981


	Registered office	123 Irish Street
		Dumfries
		DG1 2PE


	Business address	156 High Street
		Dumfries
		DG1 2BA


	Accountants	Carson & Trotter
		Chartered Accountants
		123 Irish Street
		Dumfries
		DG1 2PE

Hole I' The Wa' Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Hole I' The Wa' Ltd

Year ended 31st March 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 Hole I' The Wa' Ltd for the year ended 31st March 2025 which comprise the statement of financial position and 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 http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Hole I' The Wa' Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hole I' The Wa' Ltd and state those matters that we have agreed to state to the board of directors of Hole I' The Wa' Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hole I' The Wa' Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Hole I' The Wa' 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 profit of Hole I' The Wa' Ltd. You consider that Hole I' The Wa' Ltd 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 Hole I' The Wa' 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.

Carson & Trotter

Chartered Accountants

123 Irish Street

Dumfries

DG1 2PE

8th December 2025

Hole I' The Wa' Ltd

Statement of financial position

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	23,846		25,357
		_______		_______
			23,846		25,357

Current assets
Stocks		17,535		19,552
Debtors	6	59,888		32,446
Cash at bank and in hand		394,211		362,608
		_______		_______
		471,634		414,606
Creditors: amounts falling due
within one year	7	( 368,638)		( 318,804)
		_______		_______
Net current assets			102,996		95,802
			_______		_______
Total assets less current liabilities			126,842		121,159


Provisions for liabilities			( 5,961)		( 6,339)

			_______		_______
Net assets			120,881		114,820
			_______		_______

Capital and reserves
Called up share capital	8		100		100
Profit and loss account			120,781		114,720
			_______		_______
Shareholders funds			120,881		114,820
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 02 December 2025 , and are signed on behalf of the board by:

Mr Alan Houliston

Director

Company registration number: SC546981

Hole I' The Wa' Ltd

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 123 Irish Street, Dumfries, DG1 2PE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Going concern

At the balance sheet date, the company had a strong net current asset position and the continuing support of its directors. At the time of signing these accounts, the directors believe that no material uncertainties exist. The directors have reviewed the going concern position, and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts due to the resources available to it.On that basis, the directors have prepared these financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less and accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).

5. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1st April 2024	58,659	1,754	60,413
Additions	1,037	1,606	2,643
Disposals	-	( 1,196)	( 1,196)
	_______	_______	_______
At 31st March 2025	59,696	2,164	61,860
	_______	_______	_______
Depreciation
At 1st April 2024	33,301	1,754	35,055
Charge for the year	3,959	196	4,155
Disposals	-	( 1,196)	( 1,196)
	_______	_______	_______
At 31st March 2025	37,260	754	38,014
	_______	_______	_______
Carrying amount
At 31st March 2025	22,436	1,410	23,846
	_______	_______	_______
At 31st March 2024	25,358	-	25,358
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	59,888	32,446
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	58,048	36,445
Corporation tax	27,763	41,728
Social security and other taxes	21,589	27,834
Other creditors	261,238	212,797
	_______	_______
	368,638	318,804
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

9. Other financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £80,201.

10. Related party transactions

The opening balance on directors' loan accounts was £207,476. During the year the directors loaned the company £85,777 and £36,462 was repaid to the directors, leaving a closing balance of £256,791 due to the directors. These loans have no fixed repayment terms. During the year dividends were paid to both directors of £42,000 each.