Willowski Properties (Dingwall) Limited 31/08/2025 iXBRL

Company registration number: SC225430

Willowski Properties (Dingwall) Limited

Unaudited filleted financial statements

For the year ended

31 August 2025

Willowski Properties (Dingwall) Limited

Contents

Statement of financial position

Notes to the financial statements

Willowski Properties (Dingwall) Limited

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	3	10,778		11,960
Investment property	4	3,130,000		3,330,000
		________		________
			3,140,778		3,341,960

Current assets
Debtors	5	147,085		12,484
Cash at bank and in hand		28		22,114
		________		________
		147,113		34,598
Creditors: amounts falling due
within one year	6	( 104,195)		( 185,982)
		________		________
Net current assets/(liabilities)			42,918		( 151,384)
			________		________
Total assets less current liabilities			3,183,696		3,190,576


Provisions for liabilities			( 119,868)		-

			________		________
Net assets			3,063,828		3,190,576
			________		________

Capital and reserves
Called up share capital			300,000		300,000
Fair value reserve			1,174,175		1,337,784
Profit and loss account			1,589,653		1,552,792
			________		________
Shareholders funds			3,063,828		3,190,576
			________		________

For the year ending 31 August 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr Grant Willoughhby

Director

Company registration number: SC225430

Willowski Properties (Dingwall) Limited

Notes to the financial statements

Year ended 31 August 2025

1. Accounting policies

General information

The company is a private company limited by shares, registered in Scotland, registration number SC225430 . The address of the registered office is WILLOWSKI PROPERTIES (DINGWALL) LIMITED, Grant Willoughby, 6 Cononbrae Close, Conon Bridge, Dingwall, IV7 8BF.

Basis of preparation

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'.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.

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.

Turnover

Turnover consists of the sale value, excluding VAT, of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.

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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any 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:

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.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

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.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

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.

2. Employee numbers

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

3. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 September 2024	202,096	202,096
Additions	720	720
	________	________
At 31 August 2025	202,816	202,816
	________	________
Depreciation
At 1 September 2024	190,136	190,136
Charge for the year	1,902	1,902
	________	________
At 31 August 2025	192,038	192,038
	________	________
Carrying amount
At 31 August 2025	10,778	10,778
	________	________
At 31 August 2024	11,960	11,960
	________	________

4 Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 September 2024	3,330,000
	Disposals	( 200,000)
		________
	At 31 August 2025	3,130,000
		________

The investment properties were valued on 31 August 2025 by Mr Grant Willoughhby who is a director of the company. The basis of the valuation used was market value.

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	141,835	-
Other debtors	5,250	12,484
	________	________
	147,085	12,484
	________	________

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-	80,501
Corporation tax	56,607	25,933
Directors loan account	43,694	78,000
Other creditors	47,588	79,548
	________	________
	147,889	263,982
	________	________