REGISTERED NUMBER: SC613864 (Scotland)

Financial Statements for the Year Ended 30 November 2025

for

Caroline Walker Property Leasing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C M Walker

REGISTERED OFFICE:

18 North Silver Street

Aberdeen

AB10 1JU

REGISTERED NUMBER:

SC613864 (Scotland)

ACCOUNTANTS:

Tawse & Partners

Chartered Accountants

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Intangible assets

4

19,724

22,879

Tangible assets

5

58,896

53,684

78,620

76,563

CURRENT ASSETS

Debtors

6

2,393

2,032

Cash at bank

506,547

318,093

508,940

320,125

CREDITORS

Amounts falling due within one year

7

250,168

171,373

NET CURRENT ASSETS

258,772

148,752

TOTAL ASSETS LESS CURRENT LIABILITIES

337,392

225,315

PROVISIONS FOR LIABILITIES

3,674

10,862

NET ASSETS

333,718

214,453

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

333,618

214,353

SHAREHOLDERS' FUNDS

333,718

214,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 27 August 2026 and were signed by:

Mrs C M Walker - Director

1.	STATUTORY INFORMATION

Caroline Walker Property Leasing 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.

These financial statements are presented in sterling, which is the functional currency of the company and

rounded to the nearest £.

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.

The principle accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding value added tax. The policies adopted for the recognition of turnover are as follows:

Fee Income

Fee income is recognised on a monthly basis in accordance with the landlord agreements.

Commission Received

Income from commission is recognised in the period it relates to.

Recharges

Income from recharged costs is recognised in the period it relates to.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of managed properties, is being amortised evenly over nine years, as a reliable estimate cannot be made. Nine years was considered appropriate due to the customer base.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

15% on cost

Fixture, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% straight line

Tangible assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

28,402

AMORTISATION

At 1 December 2024

5,523

Charge for year

3,155

At 30 November 2025

8,678

NET BOOK VALUE

At 30 November 2025

19,724

At 30 November 2024

22,879

5.	TANGIBLE FIXED ASSETS

Improvements

Fixture,

to

Plant and

fittings

property

machinery

& equipment

£

£

£

COST

At 1 December 2024

950

-

46,506

Additions

-

726

16,326

Disposals

-

-

(383

)

At 30 November 2025

950

726

62,449

DEPRECIATION

At 1 December 2024

95

-

7,177

Charge for year

95

71

7,249

Eliminated on disposal

-

-

(132

)

At 30 November 2025

190

71

14,294

NET BOOK VALUE

At 30 November 2025

760

655

48,155

At 30 November 2024

855

-

39,329

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

9,979

18,721

76,156

Additions

-

1,995

19,047

Disposals

-

(7,233

)

(7,616

)

At 30 November 2025

9,979

13,483

87,587

DEPRECIATION

At 1 December 2024

1,039

14,161

22,472

Charge for year

2,235

3,696

13,346

Eliminated on disposal

-

(6,995

)

(7,127

)

At 30 November 2025

3,274

10,862

28,691

NET BOOK VALUE

At 30 November 2025

6,705

2,621

58,896

At 30 November 2024

8,940

4,560

53,684

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

2,393

2,032

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

1,628

3,940

Taxation and social security

97,315

68,351

Other creditors

151,225

99,082

250,168

171,373

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary Shares

1

100

100

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £156,667 (2024 - £176,667).

10.	CLIENT MONIES

Included within cash at bank and in hand is £141,263 (2024 - £89,461) held in a designated client bank account in respect of monies held on behalf of landlords. A corresponding amount is included within other creditors. The client monies are held in accordance with the requirements of the Scottish Letting Agent Code of Practice and are not available for the company's general use.