REGISTERED NUMBER: SC234968 (Scotland)

Financial Statements For The Year Ended 31 March 2025

for

Arcweld (Property) Ltd.

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Dickson

L C Dickson

REGISTERED OFFICE:

C/O Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

G2 2QZ

REGISTERED NUMBER:

SC234968 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

6,066

15,917

Investment property

5

617,630

617,630

623,696

633,547

CURRENT ASSETS

Debtors

244,842

236,824

Cash at bank

18,532

172,713

263,374

409,537

CREDITORS

Amounts falling due within one year

212,115

198,749

NET CURRENT ASSETS

51,259

210,788

TOTAL ASSETS LESS CURRENT LIABILITIES

674,955

844,335

CREDITORS

Amounts falling due after more than one year

(81,908

)

(105,401

)

PROVISIONS FOR LIABILITIES

(43,988

)

(42,471

)

NET ASSETS

549,059

696,463

CAPITAL AND RESERVES

Called up share capital

154

154

Share premium

24,946

24,946

Other reserves

140,403

140,403

Retained earnings

383,556

530,960

SHAREHOLDERS' FUNDS

549,059

696,463

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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

G Dickson - Director

1.	STATUTORY INFORMATION

Arcweld (Property) Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced rental income, excluding value added tax.

Tangible fixed assets

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

Fixed plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Comp Software

-

33.33% on cost

Investment property

Investment property, which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

134,788

Disposals

(34,167

)

At 31 March 2025

100,621

DEPRECIATION

At 1 April 2024

118,871

Charge for year

9,851

Eliminated on disposal

(34,167

)

At 31 March 2025

94,555

NET BOOK VALUE

At 31 March 2025

6,066

At 31 March 2024

15,917

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

617,630

NET BOOK VALUE

At 31 March 2025

617,630

At 31 March 2024

617,630

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

617,630

If investment property had not been revalued 2022 would have been included at the following historical cost:

2025

2024

£

£

Cost

603,367

603,367

Investment property was valued on an open market basis on 31 March 2022 by the Directors. .

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

112,103

135,596

The Bank of Scotland hold a floating charge over the assets of the company.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

G Dickson

Balance outstanding at start of year

161,030

155,978

Amounts advanced

14,670

5,052

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

175,700

161,030

8.	RELATED PARTY DISCLOSURES