IRIS Accounts Production v26.1.10.61 SC368318 director 1.10.24 30.9.25 30.9.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC368318 2024-09-30 SC368318 2025-09-30 SC368318 2024-10-01 2025-09-30 SC368318 2023-09-30 SC368318 2023-10-01 2024-09-30 SC368318 2024-09-30 SC368318 ns15:Scotland 2024-10-01 2025-09-30 SC368318 ns14:PoundSterling 2024-10-01 2025-09-30 SC368318 ns10:Director1 2024-10-01 2025-09-30 SC368318 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC368318 ns10:SmallEntities 2024-10-01 2025-09-30 SC368318 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 SC368318 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC368318 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC368318 ns10:FullAccounts 2024-10-01 2025-09-30 SC368318 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC368318 ns5:CurrentFinancialInstruments 2025-09-30 SC368318 ns5:CurrentFinancialInstruments 2024-09-30 SC368318 ns5:Non-currentFinancialInstruments 2025-09-30 SC368318 ns5:Non-currentFinancialInstruments 2024-09-30 SC368318 ns5:ShareCapital 2025-09-30 SC368318 ns5:ShareCapital 2024-09-30 SC368318 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC368318 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC368318 ns5:PlantMachinery 2024-10-01 2025-09-30 SC368318 ns5:FurnitureFittings 2024-10-01 2025-09-30 SC368318 ns5:MotorVehicles 2024-10-01 2025-09-30 SC368318 ns5:ComputerEquipment 2024-10-01 2025-09-30 SC368318 1 2024-10-01 2025-09-30 SC368318 2 2024-10-01 2025-09-30 SC368318 3 2024-10-01 2025-09-30 SC368318 ns5:PlantMachinery 2024-09-30 SC368318 ns5:FurnitureFittings 2024-09-30 SC368318 ns5:MotorVehicles 2024-09-30 SC368318 ns5:ComputerEquipment 2024-09-30 SC368318 ns5:PlantMachinery 2025-09-30 SC368318 ns5:FurnitureFittings 2025-09-30 SC368318 ns5:MotorVehicles 2025-09-30 SC368318 ns5:ComputerEquipment 2025-09-30 SC368318 ns5:PlantMachinery 2024-09-30 SC368318 ns5:FurnitureFittings 2024-09-30 SC368318 ns5:MotorVehicles 2024-09-30 SC368318 ns5:ComputerEquipment 2024-09-30 SC368318 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 SC368318 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30

REGISTERED NUMBER: SC368318 (Scotland)

Walterstead Limited

Unaudited Financial Statements

for the year ended

30th September 2025

| Walterstead Limited (Registered number: SC368318) |

Contents of the Financial Statements

for the year ended 30th September 2025

| Page |

| Company information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 6

| Walterstead Limited |

Company Information

for the year ended 30th September 2025

| Director: | Ms C Green

| Registered office: | Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Business address: | Balsdon Grange Farm

| Folly Road

| Inkpen

| RG17 9DH

| Registered number: | SC368318 (Scotland)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Walterstead Limited (Registered number: SC368318) |

Balance Sheet

30th September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 4,245 |  | 5,344 |  |

Current assets

Stocks | 3,000 |  | 2,000 |  |

Debtors | 5 | 82,487 |  | 84,873 |  |

Cash at bank | 308 |  | 210 |  |

85,795 |  | 87,083 |  |

Creditors

Amounts falling due within one year | 6 | 123,579 |  | 91,304 |  |

Net current liabilities | (37,784 | ) | (4,221 | ) |

Total assets less current liabilities | (33,539 | ) | 1,123 |  |

Creditors

Amounts falling due after more than one year | 7 | - |  | 1,514 |  |

Net liabilities | (33,539 | ) | (391 | ) |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | (33,639 | ) | (491 | ) |

Shareholders' funds | (33,539 | ) | (391 | ) |

| Walterstead Limited (Registered number: SC368318) |

Balance Sheet - continued

30th September 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th June 2026 and were signed by:

Ms C Green - Director

| Walterstead Limited (Registered number: SC368318) |

Notes to the Financial Statements

for the year ended 30th September 2025

1. | Statutory information

| Walterstead 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.

| Preparation of consolidated financial statements

| The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

| Turnover

| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

| Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

| 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.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 20% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - bank loans, other loans, trade debtors, trade creditors, accruals, directors' loans and bank overdraft.

| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

| Directors' loans (being repayable on demand), other loans, trade debtors, trade creditors, bank overdraft and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss in the Statement of Income and Retained Earnings.

| Walterstead Limited (Registered number: SC368318) |

Notes to the Financial Statements - continued

for the year ended 30th September 2025

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Employee benefits

| Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Going concern

| The company has a deficit on the balance sheet and relies on the support of its director, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the financial statements have been prepared on the going concern basis.

3. | Employees and directors

| The average number of employees during the year was 2 (2024 - 2 ) .

| Walterstead Limited (Registered number: SC368318) |

Notes to the Financial Statements - continued

for the year ended 30th September 2025

4. | Tangible fixed assets

| Fixtures |

| Plant and |  | and |  | Motor |  | Office |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Cost

| At 1st October 2024 |

| and 30th September 2025 | 11,700 |  | 11,003 |  | 7,000 |  | 584 |  | 30,287 |  |

| Depreciation

| At 1st October 2024 | 7,399 |  | 10,605 |  | 6,387 |  | 552 |  | 24,943 |  |

| Charge for year | 860 |  | 80 |  | 153 |  | 6 |  | 1,099 |  |

| At 30th September 2025 | 8,259 |  | 10,685 |  | 6,540 |  | 558 |  | 26,042 |  |

| Net book value

| At 30th September 2025 | 3,441 |  | 318 |  | 460 |  | 26 |  | 4,245 |  |

| At 30th September 2024 | 4,301 |  | 398 |  | 613 |  | 32 |  | 5,344 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 81,328 |  | 83,722 |  |

| Other debtors | 1,159 |  | 1,151 |  |

82,487 |  | 84,873 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,598 |  | 10,407 |  |

| Trade creditors | 8,974 |  | 12,066 |  |

| Taxation and social security | 17,972 |  | 20,031 |  |

| Other creditors | 86,035 |  | 48,800 |  |

123,579 |  | 91,304 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 1,514 |  |