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REGISTERED NUMBER: SC344154 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Western Lettings Limited

Western Lettings Limited (Registered number: SC344154)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Western Lettings Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | J P Gallagher

| Ms C Baxter

| REGISTERED OFFICE: | Suite 5, Platinum House

| 23 Eagle Street

| Craighall Business Park

| Glasgow

| G4 9XA

| REGISTERED NUMBER: | SC344154 (Scotland)

| ACCOUNTANTS: | McLay McAlister & McGibbon LLP

| Chartered Accountants

| 145 St Vincent Street

| Glasgow

| G2 5JF

Western Lettings Limited (Registered number: SC344154)

Balance Sheet

30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 396,062 |  | 287,159 |  |

CURRENT ASSETS

Debtors | 5 | 118,868 |  | 74,725 |  |

Cash at bank and in hand | 497,643 |  | 404,949 |  |

616,511 |  | 479,674 |  |

CREDITORS

Amounts falling due within one year | 6 | (562,404 | ) | (393,094 | ) |

NET CURRENT ASSETS | 54,107 |  | 86,580 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 450,169 |  | 373,739 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (87,193 | ) | (80,805 | ) |

PROVISIONS FOR LIABILITIES | 10 | (72,200 | ) | (71,800 | ) |

NET ASSETS | 290,776 |  | 221,134 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 290,676 |  | 221,034 |  |

SHAREHOLDERS' FUNDS | 290,776 |  | 221,134 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Western Lettings Limited (Registered number: SC344154)

Balance Sheet - continued

30 June 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by:

J P Gallagher - Director

Western Lettings Limited (Registered number: SC344154)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Western Lettings 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.

| 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.

| 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | 20% on reducing balance

| Plant and machinery etc | - | 25% on reducing balance

| The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

| Government grants

| Grants received are included in Other Creditors and are recognised in profit or loss over a period of 10 years.

| 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.

Western Lettings Limited (Registered number: SC344154)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 14 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 9,647 |  | 438,384 |  | 448,031 |  |

| Additions | 23,303 |  | 169,722 |  | 193,025 |  |

| At 30 June 2025 | 32,950 |  | 608,106 |  | 641,056 |  |

| DEPRECIATION

| At 1 July 2024 | 3,426 |  | 157,446 |  | 160,872 |  |

| Charge for year | 3,676 |  | 80,446 |  | 84,122 |  |

| At 30 June 2025 | 7,102 |  | 237,892 |  | 244,994 |  |

| NET BOOK VALUE

| At 30 June 2025 | 25,848 |  | 370,214 |  | 396,062 |  |

| At 30 June 2024 | 6,221 |  | 280,938 |  | 287,159 |  |

Western Lettings Limited (Registered number: SC344154)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024 | 157,577 |  |

| Additions | 120,049 |  |

| At 30 June 2025 | 277,626 |  |

| DEPRECIATION

| At 1 July 2024 | 39,127 |  |

| Charge for year | 34,615 |  |

| At 30 June 2025 | 73,742 |  |

| NET BOOK VALUE

| At 30 June 2025 | 203,884 |  |

| At 30 June 2024 | 118,450 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 3,581 |  | 22,929 |  |

| Other debtors | 115,287 |  | 51,796 |  |

118,868 |  | 74,725 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 9,167 |  | 10,000 |  |

| Hire purchase contracts (see note 8) | 27,760 |  | 15,750 |  |

| Taxation and social security | 138,973 |  | 99,365 |  |

| Other creditors | 386,504 |  | 267,979 |  |

562,404 |  | 393,094 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | - |  | 9,167 |  |

| Hire purchase contracts (see note 8) | 77,001 |  | 47,166 |  |

| Other creditors | 10,192 |  | 24,472 |  |

87,193 |  | 80,805 |  |

Western Lettings Limited (Registered number: SC344154)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 30.6.25 |  | 30.6.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 27,760 |  | 15,750 |  |

| Between one and five years | 77,001 |  | 47,166 |  |

104,761 |  | 62,916 |  |

| Non-cancellable |

| operating leases |

| 30.6.25 |  | 30.6.24

£ | £ |

| Within one year | 23,737 |  | 34,987 |  |

| Between one and five years | 65,734 |  | 84,436 |  |

89,471 |  | 119,423 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts | 104,761 |  | 62,916 |  |

| Hire purchase creditors are secured over the assets concerned.

10. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

£ | £ |

| Deferred tax | 72,200 |  | 71,800 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 71,800 |  |

| Charge to Income Statement during year | 400 |  |

| Balance at 30 June 2025 | 72,200 |  |