REGISTERED NUMBER: SC409439 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WILLIAM CHRISTIE (ALEXANDRA PARADE)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Allan Andrew McLachlan Chapman

Stewart McLachlan Chapman

SECRETARY:

Stewart McLachlan Chapman

REGISTERED OFFICE:

2 Richmond Drive

Cambuslang

Glasgow

G72 8BH

REGISTERED NUMBER:

SC409439 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

3rd Floor, St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

BANKERS:

The Royal Bank of Scotland plc

90 Main Street

Cambuslang

Glasgow

G72 7NW

FIXED ASSETS

Investment property

4

50,000

50,000

CURRENT ASSETS

Debtors

5

34,593

30,570

CREDITORS

Amounts falling due within one year

6

53,252

52,199

NET CURRENT LIABILITIES

(18,659

)

(21,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,341

28,371

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

31,241

28,271

SHAREHOLDERS' FUNDS

31,341

28,371

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Stewart McLachlan Chapman - Director

1.	STATUTORY INFORMATION

William Christie (Alexandra Parade) Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

In accordance with FRS 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are held to earn rental income and for their investment potential rather than for their consumption, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the reported net profit for the financial year would have been reduced by additional depreciation of £1,000 (2024 : £1,000).

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

50,000

At 31 March 2024

50,000

Fair value at 31 March 2025 is represented by:

£

Cost

50,000

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

2025

2024

£

£

Cost

50,000

50,000

Aggregate depreciation

(13,500

)

(12,500

)

Investment property was valued on an open market basis on 31 March 2025 by director Stewart Chapman .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

34,593

30,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

697

728

Other creditors

52,555

51,471

53,252

52,199

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.

Directors Allan Andrew McLachlan Chapman and Stewart McLachlan Chapman exercise immediate and ultimate control of the company as they each hold 50% of the issued ordinary share capital of the company.