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REGISTERED NUMBER: SC580524 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Pomphreys Properties Limited

Pomphreys Properties Limited (Registered number: SC580524)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pomphreys Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: A Mcintyre
E M Sommerville





REGISTERED OFFICE: 1 Kenilworth Avenue
Wishaw
Lanarkshire
ML2 7LP





REGISTERED NUMBER: SC580524 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Pomphreys Properties Limited (Registered number: SC580524)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,707 22,328

CURRENT ASSETS
Debtors 5 6,390 4,488
Cash at bank 39,599 50,474
45,989 54,962
CREDITORS
Amounts falling due within one year 6 9,894 15,991
NET CURRENT ASSETS 36,095 38,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,802

61,299

CREDITORS
Amounts falling due after more than one year 7 18,022 21,410
NET ASSETS 34,780 39,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,680 39,789
34,780 39,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Pomphreys Properties Limited (Registered number: SC580524)

Balance Sheet - continued
30 September 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 21 February 2024 and were signed on its behalf by:





E M Sommerville - Director


Pomphreys Properties Limited (Registered number: SC580524)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Pomphreys 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
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
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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Pomphreys Properties Limited (Registered number: SC580524)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 33,162
DEPRECIATION
At 1 October 2022 10,834
Charge for year 5,621
At 30 September 2023 16,455
NET BOOK VALUE
At 30 September 2023 16,707
At 30 September 2022 22,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 27,014
DEPRECIATION
At 1 October 2022 6,753
Charge for year 5,065
At 30 September 2023 11,818
NET BOOK VALUE
At 30 September 2023 15,196
At 30 September 2022 20,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 6,390 4,488

Pomphreys Properties Limited (Registered number: SC580524)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 3,388 3,388
Taxation and social security 5,441 9,821
Other creditors 1,065 2,782
9,894 15,991

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 18,022 21,410

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2022 - £10,000) were paid to the directors .

E Sommerville, who is a director of the company, is an employee of the the firm Pomphreys Solicitors. At the balance sheet date Pomphreys Solicitors owed Pomphreys Properties Ltd £3,629 (2022 - £3,629).