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REGISTERED NUMBER: SC467852 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Broomcraig Properties Ltd

Broomcraig Properties Ltd (Registered number: SC467852)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broomcraig Properties Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J M Carruthers
Mrs L B M Carruthers
E P C Carruthers
Mrs N C Carruthers





REGISTERED OFFICE: Inchgarvie
5 Upper Colquhoun Street
Helensburgh
G84 9AQ





REGISTERED NUMBER: SC467852 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Broomcraig Properties Ltd (Registered number: SC467852)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,518,374 1,287,445

CURRENT ASSETS
Debtors 5 6,239 4,529
Cash at bank 32,311 10,168
38,550 14,697
CREDITORS
Amounts falling due within one year 6 1,467,721 688,800
NET CURRENT LIABILITIES (1,429,171 ) (674,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,203

613,342

CREDITORS
Amounts falling due after more than one
year

7

968,146

503,353
NET ASSETS 121,057 109,989

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 121,055 109,987
SHAREHOLDERS' FUNDS 121,057 109,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Broomcraig Properties Ltd (Registered number: SC467852)

Balance Sheet - continued
31 January 2023


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 25 October 2023 and were signed on its behalf by:





J M Carruthers - Director


Broomcraig Properties Ltd (Registered number: SC467852)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Broomcraig Properties 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Broomcraig Properties Ltd (Registered number: SC467852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,287,445
Additions 1,230,929
At 31 January 2023 2,518,374
NET BOOK VALUE
At 31 January 2023 2,518,374
At 31 January 2022 1,287,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,810 4,100
Other debtors 429 429
6,239 4,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,203 1,860
Taxation and social security 2,604 5,334
Other creditors 1,463,914 681,606
1,467,721 688,800

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 968,146 503,353

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 996,591 531,798

Bank loans are secured by standard securities over properties owned by the company and also by a floating charge over company assets.