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REGISTERED NUMBER: SC077900 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

Strathcona Properties Limited

Strathcona Properties Limited (Registered number: SC077900)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strathcona Properties Limited

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: D G Jamieson
D A Jamieson
Ms L A Jamieson





SECRETARY: D G Jamieson





REGISTERED OFFICE: 962 Crow Road North
Anniesland
Glasgow
Lanarkshire
G13 1JF





REGISTERED NUMBER: SC077900 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Strathcona Properties Limited (Registered number: SC077900)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 736,782 736,782
736,782 736,782

CURRENT ASSETS
Cash at bank and in hand 71,983 51,596

CREDITORS
Amounts falling due within one year 6 (209,761 ) (210,574 )
NET CURRENT LIABILITIES (137,778 ) (158,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,004

577,804

CREDITORS
Amounts falling due after more than one
year

7

(49,432

)

(57,866

)

PROVISIONS FOR LIABILITIES (50,914 ) (50,914 )
NET ASSETS 498,658 469,024

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 498,508 468,874
SHAREHOLDERS' FUNDS 498,658 469,024

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

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

Strathcona Properties Limited (Registered number: SC077900)

BALANCE SHEET - continued
31 March 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 18 December 2023 and were signed on its behalf by:





Ms L A Jamieson - Director


Strathcona Properties Limited (Registered number: SC077900)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Strathcona Properties Limited 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 3,600
DEPRECIATION
At 1 April 2022
and 31 March 2023 3,600
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 736,782
NET BOOK VALUE
At 31 March 2023 736,782
At 31 March 2022 736,782

Strathcona Properties Limited (Registered number: SC077900)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

It is the opinion of the directors that there has been no material change in the value of the investment properties since the previous accounting year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,003 7,003
Tax 9,773 10,586
Other creditors 192,127 192,127
Directors' current accounts 66 66
Accrued expenses 792 792
209,761 210,574

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,915 7,915
Bank loans - 2-5 years 25,577 25,577
Bank loans more than
five years 15,940 24,374
49,432 57,866

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than
five years 15,940 24,374
15,940 24,374

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 56,435 64,869

On 7 February 2019 a Standard Security was granted to Charter Court Financial Services Ltd over property at 14 Kelburn Court Largs in return for loan funding over a 10 year period.