iso4217:GBP
xbrli:pure
xbrli:shares
iso4217:GBP
xbrli:shares
SC047566
2026-03-31
SC047566
2025-03-31
SC047566
2025-04-01
2026-03-31
SC047566
2024-04-01
2025-03-31
SC047566
bus:Director1
2025-04-01
2026-03-31
SC047566
bus:SmallEntities
2025-04-01
2026-03-31
SC047566
bus:AuditExemptWithAccountantsReport
2025-04-01
2026-03-31
SC047566
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2025-04-01
2026-03-31
SC047566
bus:Director1
2025-04-01
2026-03-31
SC047566
2025-04-01
2026-03-31
SC047566
bus:PrivateLimitedCompanyLtd
2025-04-01
2026-03-31
WALCO DEVELOPMENTS (EDINBURGH) LIMITED
Registration Number SC047566 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 31 March 2026
WALCO DEVELOPMENTS (EDINBURGH) LIMITED
(Registration Number SC047566)
Filleted Financial Statements for the year ended 31 March 2026
Inventory
217,463
217,463
Cash at bank and in hand
686,659
682,677
Creditors: amounts falling due within one year
4
205,135
203,494
Net current assets
725,731
710,651
Total assets less current liabilities
725,731
710,651
Net assets
725,731
710,651
Called up share capital
5
2
2
Profit and loss account
725,729
710,649
Shareholder's funds
725,731
710,651
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account and retained earnings has been taken.
For the year ended 31 March 2026, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 31 March 2026 in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board of Directors on 21 July 2026.
The notes on pages 2 to 4 form part of these financial statements.
Company registration number: SC047566
WALCO DEVELOPMENTS (EDINBURGH) LIMITED
Financial Statements for the year ended 31 March 2026
NOTES TO THE FINANCIAL STATEMENTS
1. Summary of significant accounting policies
1.1 General information and basis of preparation
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 61 Dublin Street, Edinburgh, Midlothian, EH3 6NL.
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The nature of the company's operations and principal activity during the year continued to be the leasing and development of property.
The financial statements have been prepared on the historical costs basis.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest decimals.
**Going Concern**
The financial statements have been prepared on a going concern basis. The director has assessed the Company's ability to continue as a going concern and has reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus she continues to adopt the going concern basis of accountin in preparing these financial statements.
Inventory is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
WALCO DEVELOPMENTS (EDINBURGH) LIMITED
Financial Statements for the year ended 31 March 2026
NOTES TO THE FINANCIAL STATEMENTS
Turnover represents rental income generated from property letting during the year.
1.5 Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial assets, which include the trade and other debtors and cash, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
The average monthly number of employees, including the director, during the year was as follows:
Trade debtors
21,585
9,950
Other debtors
5,159
4,055
4. Creditors: amounts falling due within one year
Trade creditors
1,704
1,441
Other creditors
28,912
26,566
Director's loan account
160,876
167,816
Corporation tax
13,643
7,671
WALCO DEVELOPMENTS (EDINBURGH) LIMITED
Financial Statements for the year ended 31 March 2026
NOTES TO THE FINANCIAL STATEMENTS
5. Called up share capital
Ordinary shares of £1 each
2
2
Issued, called up and fully paid
2026
£
2025
£
Ordinary shares of £1 each
2
2
6. Related party transactions
At the year end, an amount of £160,876 (2025: £167,816) was owed to the director Mrs L Walker. This loan is interest free and repayable on demand.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
Accounts status, audited or unaudited
Average number of employees during the period
Average number of employees during the period
Date of authorisation of financial statements for issue
Director signing Directors' Report
Director signing financial statements
End date for period covered by report
Entity current legal or registered name
Walco Developments (Edinburgh) Limited
Entity is dormant [true/false]
Equity [Multiple Tags or Values]
Equity [Multiple Tags or Values]
Name of individual auditor
Name of production software
Start date for period covered by report
UK Companies House registered number
Version of production software