Whyte's Property Company Ltd

Whyte's Property Company Ltd

WHYTE'S PROPERTY COMPANY LTD - Company Information

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1 February 2021 false No description of principal activity Taxfiler 2022.10.3 SC586874business:PrivateLimitedCompanyLtd2021-02-012022-01-31 SC5868742021-01-31 SC5868742021-02-012022-01-31 SC586874business:AuditExempt-NoAccountantsReport2021-02-012022-01-31 SC586874business:FullAccounts2021-02-012022-01-31 SC5868742022-01-31 SC586874business:Director12021-02-012022-01-31 SC586874business:RegisteredOffice2021-02-012022-01-31 SC5868742021-01-31 SC586874core:WithinOneYear2022-01-31 SC586874core:WithinOneYear2021-01-31 SC586874core:AfterOneYear2022-01-31 SC586874core:AfterOneYear2021-01-31 SC586874core:ShareCapital2022-01-31 SC586874core:ShareCapital2021-01-31 SC586874core:RetainedEarningsAccumulatedLosses2022-01-31 SC586874core:RetainedEarningsAccumulatedLosses2021-01-31 SC586874business:SmallEntities2021-02-012022-01-31 SC586874countries:Scotland2021-02-012022-01-31 SC586874core:PlantMachinery2021-02-012022-01-31 SC586874core:LandBuildings2021-01-31 SC586874core:PlantMachinery2021-01-31 SC586874core:LandBuildings2021-02-012022-01-31 SC586874core:LandBuildings2022-01-31 SC586874core:PlantMachinery2022-01-31 SC5868742020-02-012021-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC586874 (Scotland)
Whyte's Property Company Ltd Unaudited accounts for the year ended 31 January 2022
Whyte's Property Company Ltd Company Information for the year ended 31 January 2022
Director
Elizabeth Whyte
Company Number
SC586874 (Scotland)
Registered Office
21 Townhead Townhead Irvine KA12 0BE
Accountants
CRK Consultants Ltd 14 Abbotsford Terrace Lanark ML11 7EG
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Whyte's Property Company Ltd Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
245,602 
241,570 
Current assets
Inventories
13,750 
- 
Debtors
5
13,000 
57,604 
Cash at bank and in hand
3,525 
9,013 
30,275 
66,617 
Creditors: amounts falling due within one year
6
(269,619)
(338,901)
Net current liabilities
(239,344)
(272,284)
Total assets less current liabilities
6,258 
(30,714)
Creditors: amounts falling due after more than one year
7
(178,990)
(141,916)
Net liabilities
(172,732)
(172,630)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(172,832)
(172,730)
Shareholders' funds
(172,732)
(172,630)
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2022 and were signed on its behalf by
Elizabeth Whyte Director Company Registration No. SC586874
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Whyte's Property Company Ltd Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
Whyte's Property Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC586874. The registered office is 21 Townhead, Townhead, Irvine, KA12 0BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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 within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2021
401,637 
4,439 
406,076 
Additions
- 
11,448 
11,448 
At 31 January 2022
401,637 
15,887 
417,524 
Depreciation
At 1 February 2021
163,396 
1,110 
164,506 
Charge for the year
3,722 
3,694 
7,416 
At 31 January 2022
167,118 
4,804 
171,922 
Net book value
At 31 January 2022
234,519 
11,083 
245,602 
At 31 January 2021
238,241 
3,329 
241,570 
5
Debtors
2022 
2021 
£ 
£ 
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Whyte's Property Company Ltd Notes to the Accounts for the year ended 31 January 2022
Amounts falling due within one year
Trade debtors
- 
57,604 
Other debtors
13,000 
- 
13,000 
57,604 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
16,098 
56,098 
Trade creditors
30,090 
50,030 
Taxes and social security
5,746 
7,684 
Loans from directors
210,185 
213,688 
Accruals
7,500 
11,401 
269,619 
338,901 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
178,990 
141,916 
8
Loans to directors
The company owes the director a liability of £210,185 at the year end (2021 - £213,687)
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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