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Company Registration No. SC548244 (Scotland)
McAslan Property Limited Unaudited accounts for the year ended 31 October 2023
McAslan Property Limited Unaudited accounts Contents
Page
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McAslan Property Limited Company Information for the year ended 31 October 2023
Director
Thomas McAslan
Company Number
SC548244 (Scotland)
Registered Office
104 CADZOW STREET HAMILTON ML3 6HP SCOTLAND
Accountants
Accuracy Accounting Services Limited New Douglas Park Cadzow Avenue Hamilton ML3 0FT
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McAslan Property Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
220,951 
220,951 
Current assets
Debtors
100 
- 
Cash at bank and in hand
21,137 
6,429 
21,237 
6,429 
Creditors: amounts falling due within one year
(12,444)
(28,640)
Net current assets/(liabilities)
8,793 
(22,211)
Total assets less current liabilities
229,744 
198,740 
Creditors: amounts falling due after more than one year
(61,599)
(92,871)
Provisions for liabilities
Other provisions
(60,000)
(45,000)
Net assets
108,145 
60,869 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
108,045 
60,769 
Shareholders' funds
108,145 
60,869 
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Thomas McAslan Director Company Registration No. SC548244
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McAslan Property Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
McAslan Property Limited is a private company, limited by shares, registered in Scotland, registration number SC548244. The registered office is 104 CADZOW STREET, HAMILTON, ML3 6HP, 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:
Land & buildings
2% Straight Line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
237,080 
At 31 October 2023
237,080 
Depreciation
At 1 November 2022
16,129 
At 31 October 2023
16,129 
Net book value
At 31 October 2023
220,951 
At 31 October 2022
220,951 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
- 
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McAslan Property Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
5,250 
Trade creditors
6,444 
- 
Taxes and social security
- 
19,390 
Accruals
6,000 
4,000 
12,444 
28,640 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,659 
10,047 
Other creditors
48,940 
98,575 
Loans from directors
- 
(15,751)
61,599 
92,871 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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