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Registration number: SC682984

Sidlaw Property Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Sidlaw Property Solutions Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Sidlaw Property Solutions Ltd

(Registration number: SC682984)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,654

12,068

Current assets

 

Debtors

5

36,103

27,826

Cash at bank and in hand

 

43,947

5,200

 

80,050

33,026

Creditors: Amounts falling due within one year

6

(18,817)

(13,568)

Net current assets

 

61,233

19,458

Net assets

 

70,887

31,526

Capital and reserves

 

Called up share capital

2

2

Retained earnings

70,885

31,524

Shareholders' funds

 

70,887

31,526

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 28 July 2024
 

 

Sidlaw Property Solutions Ltd

(Registration number: SC682984)
Statement of Financial Position as at 31 December 2023

.........................................
Mr Martin Callachan
Director

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
5 McNaughton Gardens
Dundee
DD3 0FE

These financial statements were authorised for issue by the director on 28 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2022 - 0).

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

14,521

14,521

At 31 December 2023

14,521

14,521

Depreciation

At 1 January 2023

2,453

2,453

Charge for the year

2,414

2,414

At 31 December 2023

4,867

4,867

Carrying amount

At 31 December 2023

9,654

9,654

At 31 December 2022

12,068

12,068

5

Debtors

Current

2023
£

2022
£

Trade debtors

5,780

8,130

Other debtors

30,323

19,696

 

36,103

27,826

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

17,683

12,620

Accruals and deferred income

1,134

948

18,817

13,568

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £22,449.41 (2022 - £39,500.00) per each Ordinary B

22,449

39,500

Interim dividend of £1,256.93 (2022 - £6,500.00) per each Ordinary A

1,257

6,500

23,706

46,000