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REGISTERED NUMBER: SC557586 (Scotland)















GLADSTONE PROPERTY SCOTLAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 FEBRUARY 2017 TO 28 FEBRUARY 2018






GLADSTONE PROPERTY SCOTLAND LTD (REGISTERED NUMBER: SC557586)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 14 February 2017 to 28 February 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


GLADSTONE PROPERTY SCOTLAND LTD

COMPANY INFORMATION
for the period 14 February 2017 to 28 February 2018







DIRECTOR: S Slavovski





REGISTERED OFFICE: 9 Woodlands Drive
Inverness
IV2 5JD





REGISTERED NUMBER: SC557586 (Scotland)





ACCOUNTANTS: MacKenzie Kerr Limited
Chartered Accountants
Redwood
19 Culduthel Road
Inverness
IV2 4AA

GLADSTONE PROPERTY SCOTLAND LTD (REGISTERED NUMBER: SC557586)

BALANCE SHEET
28 February 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 273

CURRENT ASSETS
Debtors 5 81
Cash at bank 7,259
7,340
CREDITORS
Amounts falling due within one year 6 25,899
NET CURRENT LIABILITIES (18,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,286

)

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100
Retained earnings -
distributable (18,386 )
(18,286 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 7 November 2018 and were signed by:





S Slavovski - Director


GLADSTONE PROPERTY SCOTLAND LTD (REGISTERED NUMBER: SC557586)

NOTES TO THE FINANCIAL STATEMENTS
for the period 14 February 2017 to 28 February 2018


1. STATUTORY INFORMATION

Gladstone Property Scotland Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet, the accounts show net current liabilities of £18,559 and net liabilities of £18,286. The
director has agreed to subordinate his loan in favour of the other creditors and as a result he considers it
appropriate to prepare the accounts on a going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
Turnover represents net sales of services less discounts, rebates and Value Added Tax, in respect of real
estate.Turnover from the sales of services is recognised when services are delivered and legal title has
passed.

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 etc - 33.33% straight line

Tangible fixed assets are stated at cost, being purchase price, less depreciation.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax
rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in
periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued,
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances
that apply to the sale of the asset.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

GLADSTONE PROPERTY SCOTLAND LTD (REGISTERED NUMBER: SC557586)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 14 February 2017 to 28 February 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 417
At 28 February 2018 417
DEPRECIATION
Charge for period 144
At 28 February 2018 144
NET BOOK VALUE
At 28 February 2018 273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 81

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 25,899

7. COMPARATIVE FIGURES

As this is the first period of trading there are no comparative figures.