1 September 2022 false No description of principal activity Taxfiler 2024.1 SC672106business:PrivateLimitedCompanyLtd2022-09-012023-08-31 SC6721062022-08-31 SC6721062022-09-012023-08-31 SC672106business:AuditExemptWithAccountantsReport2022-09-012023-08-31 SC672106business:FilletedAccounts2022-09-012023-08-31 SC6721062023-08-31 SC672106business:Director12022-09-012023-08-31 SC672106business:RegisteredOffice2022-09-012023-08-31 SC6721062022-08-31 SC672106core:WithinOneYear2023-08-31 SC672106core:WithinOneYear2022-08-31 SC672106core:AfterOneYear2023-08-31 SC672106core:AfterOneYear2022-08-31 SC672106core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC672106core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 SC672106core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC672106core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 SC672106core:PreviouslyStatedAmount2023-08-31 SC672106core:PreviouslyStatedAmount2022-08-31 SC672106business:SmallEntities2022-09-012023-08-31 SC672106countries:Scotland2022-09-012023-08-31 SC672106core:LandBuildings2022-08-31 SC672106core:LandBuildings2022-09-012023-08-31 SC672106core:LandBuildings2023-08-31 SC6721062021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC672106 (Scotland)
Foulis Property Limited Unaudited accounts for the year ended 31 August 2023
Foulis Property Limited Unaudited accounts Contents
Page
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Foulis Property Limited Company Information for the year ended 31 August 2023
Director
Kevin Munro
Company Number
SC672106 (Scotland)
Registered Office
94 HOPE STREET SUITE 2.11 GLASGOW G2 6PH SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Foulis Property Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,445 
347,445 
Current assets
Cash at bank and in hand
126,387 
1,742 
Creditors: amounts falling due within one year
(7,263)
(9,145)
Net current assets/(liabilities)
119,124 
(7,403)
Total assets less current liabilities
296,569 
340,042 
Creditors: amounts falling due after more than one year
(308,229)
(355,493)
Net liabilities
(11,660)
(15,451)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,760)
(15,551)
Shareholders' funds
(11,660)
(15,451)
For the year ending 31 August 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 director acknowledges his 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 23 November 2023 and were signed on its behalf by
Kevin Munro Director Company Registration No. SC672106
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Foulis Property Limited is a private company, limited by shares, registered in Scotland, registration number SC672106. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, 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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
347,445 
Disposals
(170,000)
At 31 August 2023
177,445 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
177,445 
At 31 August 2022
347,445 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,413 
8,295 
Other creditors
850 
850 
7,263 
9,145 
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
103,317 
242,510 
Other creditors
178,000 
- 
Loans from directors
26,912 
112,983 
308,229 
355,493 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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