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REGISTERED NUMBER: SC055368 (Scotland)




















H.W. COMERY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026






H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2026




Page

Balance Sheet 1

Notes to the Financial Statements 3


H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)

BALANCE SHEET
31 January 2026

2026 2025
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,503 16,332
Investment property 5 690,000 690,000
708,503 706,332

CURRENT ASSETS
Stocks 171,041 436,864
Debtors 6 135,669 47,693
Investments 7 410 292
Cash at bank and in hand 221,457 11,564
528,577 496,413
CREDITORS
Amounts falling due within one year 8 414,254 463,257
NET CURRENT ASSETS 114,323 33,156
TOTAL ASSETS LESS CURRENT
LIABILITIES
822,826
739,488

PROVISIONS FOR LIABILITIES 4,304 3,993
NET ASSETS 818,522 735,495

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Fair value reserve 85,131 85,131
Retained earnings 713,391 630,364
SHAREHOLDERS' FUNDS 818,522 735,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

The notes form part of these financial statements

Page 1
H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)

BALANCE SHEET - continued
31 January 2026


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:





R J Ness - Director


The notes form part of these financial statements

Page 2
H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2026

1. STATUTORY INFORMATION

H.W. Comery Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC055368

Registered office: Unit 8
Wardmill Works
Wardmill Road
Arbroath
DD11 1RR

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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicle - 25% on reducing balance

Depreciation is not provided on investment properties. This treatment, as regards certain aspects of the company's investment properties, may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Page 3
H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2026

2. ACCOUNTING POLICIES - continued
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.

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.

Listed investments
Listed investments are valued at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicle Totals
£    £    £   
COST
At 1 February 2025 97,962 23,555 121,517
Additions 8,339 - 8,339
Disposals (175 ) - (175 )
At 31 January 2026 106,126 23,555 129,681
DEPRECIATION
At 1 February 2025 91,567 13,618 105,185
Charge for year 3,683 2,484 6,167
Eliminated on disposal (174 ) - (174 )
At 31 January 2026 95,076 16,102 111,178
NET BOOK VALUE
At 31 January 2026 11,050 7,453 18,503
At 31 January 2025 6,395 9,937 16,332

Page 4
H.W. COMERY LIMITED (REGISTERED NUMBER: SC055368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2026

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2025
and 31 January 2026 690,000
NET BOOK VALUE
At 31 January 2026 690,000
At 31 January 2025 690,000

Fair value at 31 January 2026 is represented by:
£   
Valuation in 2015 85,131
Cost 604,869
690,000

If investment property had not been revalued it would have been included at the following historical cost:

2026 2025
£    £   
Cost 604,869 604,869

Investment property was valued on an open market basis on 31 January 2015 by J & E Shepherd, Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade debtors 106,420 7,894
Other debtors 29,249 39,799
135,669 47,693

7. CURRENT ASSET INVESTMENTS
2026 2025
£    £   
Listed investment 410 292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade creditors 13,242 26,771
Taxation and social security 47,139 49,164
Other creditors 353,873 387,322
414,254 463,257

Page 5