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Company Registration No. SC588654 (Scotland)
Loudon Properties Limited Unaudited accounts for the year ended 28 February 2023
Loudon Properties Limited Unaudited accounts Contents
Page
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Loudon Properties Limited Company Information for the year ended 28 February 2023
Directors
J Loudon JBA Loudon FJN Loudon
Company Number
SC588654 (Scotland)
Registered Office
6c Essex Road EDINBURGH Midlothian EH4 6LG Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Loudon Properties Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
526,425 
- 
Current assets
Debtors
- 
10,900 
Cash at bank and in hand
15 
38 
15 
10,938 
Creditors: amounts falling due within one year
(459)
(392)
Net current (liabilities)/assets
(444)
10,546 
Net assets
525,981 
10,546 
Capital and reserves
Called up share capital
11,000 
11,000 
Share premium
515,525 
- 
Profit and loss account
(544)
(454)
Shareholders' funds
525,981 
10,546 
For the year ending 28 February 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2023 and were signed on its behalf by
J Loudon Director Company Registration No. SC588654
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Loudon Properties Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Loudon Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC588654. The registered office is 6c Essex Road, , EDINBURGH, Midlothian, EH4 6LG, Scotland.
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.
Presentation currency
The accounts are presented in £ sterling.
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. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2022
- 
Additions
526,425 
Valuation at 28 February 2023
526,425 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
10,900 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
459 
392 
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Loudon Properties Limited Notes to the Accounts for the year ended 28 February 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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