REGISTERED NUMBER: SC133782 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WEST COAST ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Ali

I A Mian

Mrs A F Mian

Mrs S Sarfraz

SECRETARY:

Mrs A F Mian

REGISTERED OFFICE:

First Floor

1 Mounthooly Way

Aberdeen

AB24 3ER

REGISTERED NUMBER:

SC133782 (Scotland)

FIXED ASSETS

Tangible assets

5

1,514

675

Investments

6

2,163,007

2,193,285

Investment property

7

3,675,093

6,060,000

5,839,614

8,253,960

CURRENT ASSETS

Debtors

8

475,423

229,673

Cash at bank

726,611

128,748

1,202,034

358,421

CREDITORS

Amounts falling due within one year

9

528,282

836,681

NET CURRENT ASSETS/(LIABILITIES)

673,752

(478,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,513,366

7,775,700

CREDITORS

Amounts falling due after more than one year

10

(1,409,892

)

(2,382,108

)

PROVISIONS FOR LIABILITIES

(103,930

)

(58,719

)

NET ASSETS

4,999,544

5,334,873

CAPITAL AND RESERVES

Called up share capital

125

125

Share premium

126,506

126,506

Revaluation reserve

13

484,176

786,435

Retained earnings

4,388,737

4,421,807

SHAREHOLDERS' FUNDS

4,999,544

5,334,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 19 December 2025 and were signed on its behalf by:

I A Mian - Director

1.	STATUTORY INFORMATION

West Coast Estates 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

47,595

Additions

1,913

At 31 December 2024

49,508

DEPRECIATION

At 1 January 2024

46,920

Charge for year

1,074

At 31 December 2024

47,994

NET BOOK VALUE

At 31 December 2024

1,514

At 31 December 2023

675

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

2,322,682

Share of profit/(loss)

(13,466

)

At 31 December 2024

2,309,216

PROVISIONS

At 1 January 2024

129,397

Provision for year

16,812

At 31 December 2024

146,209

NET BOOK VALUE

At 31 December 2024

2,163,007

At 31 December 2023

2,193,285

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

6,060,000

Additions

23,843

Disposals

(1,926,902

)

Revaluations

(481,848

)

At 31 December 2024

3,675,093

NET BOOK VALUE

At 31 December 2024

3,675,093

At 31 December 2023

6,060,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

1,696,538

Valuation in 2022

(375,000

)

Valuation in 2023

(318,974

)

Valuation in 2024

(481,847

)

Cost

3,154,376

3,675,093

Investment properties comprise commercial and residential properties. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors' with reference to market evidence of transaction prices for similar properties. The directors consider these valuations to remain appropriate as at 31 December 2024.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,557

4,908

Other debtors

472,866

224,765

475,423

229,673

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

35,000

51,000

Trade creditors

69,434

105,565

Amounts owed to group undertakings

109,134

245,962

Taxation and social security

203,679

228,718

Other creditors

111,035

205,436

528,282

836,681

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,169,892

2,112,108

Other creditors

240,000

270,000

1,409,892

2,382,108

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,029,892

1,908,108

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Between one and five years

10,550

-

12.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,204,892

2,163,108

Cynergy Bank Limited holds a standard security charge over specific investment properties held in the company and a bond and floating charge over the whole assets of the company.

13.

RESERVES

Revaluation

reserve

£

At 1 January 2024

786,435

Deferred tax on revaluation

179,589

Revaluation of investment

property

(481,848

)

At 31 December 2024

484,176