Company Registration No. SC729642 (Scotland)
Osprey Property Maintenance Ltd
Unaudited accounts
for the period from 14 April 2022 to 31 March 2023
Osprey Property Maintenance Ltd
Unaudited accounts
Contents
Osprey Property Maintenance Ltd
Company Information
for the period from 14 April 2022 to 31 March 2023
Company Number
SC729642 (Scotland)
Registered Office
8 Cowdenfoot Gardens
Dalkeith
Midlothian
EH22 2FA
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Osprey Property Maintenance Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
3,385
Creditors: amounts falling due within one year
(136,330)
Net current liabilities
(69,489)
Total assets less current liabilities
(23,264)
Creditors: amounts falling due after more than one year
(10,062)
Called up share capital
100
Profit and loss account
(33,426)
Shareholders' funds
(33,326)
For the period ending 31 March 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 12 April 2024 and were signed on its behalf by
Daniel McGovern
Director
Company Registration No. SC729642
Osprey Property Maintenance Ltd
Notes to the Accounts
for the period from 14 April 2022 to 31 March 2023
Osprey Property Maintenance Ltd is a private company, limited by shares, registered in Scotland, registration number SC729642. The registered office is 8 Cowdenfoot Gardens, , Dalkeith, Midlothian, EH22 2FA, Scotland.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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 historic cost convention.
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to
continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
Osprey Property Maintenance Ltd
Notes to the Accounts
for the period from 14 April 2022 to 31 March 2023
The accounts are presented in £ sterling.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
60,633
1,000
61,633
At 31 March 2023
60,633
1,000
61,633
Charge for the period
15,158
250
15,408
At 31 March 2023
15,158
250
15,408
At 31 March 2023
45,475
750
46,225
Amounts falling due within one year
Accrued income and prepayments
790
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
3,096
Taxes and social security
25,362
Loans from directors
48,172
7
Creditors: amounts falling due after more than one year
2023
Obligations under finance leases and hire purchase contracts
10,062
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Average number of employees
During the period the average number of employees was 5.