1 May 2023 false No description of principal activity Taxfiler 2024.5 SC053110business:PrivateLimitedCompanyLtd2023-05-012024-04-30 SC0531102023-04-30 SC0531102023-05-012024-04-30 SC053110business:AuditExemptWithAccountantsReport2023-05-012024-04-30 SC053110business:AbridgedAccounts2023-05-012024-04-30 SC0531102024-04-30 SC053110business:Director12023-05-012024-04-30 SC053110business:Director22023-05-012024-04-30 SC053110business:Director32023-05-012024-04-30 SC053110business:Director42023-05-012024-04-30 SC053110business:Director52023-05-012024-04-30 SC053110business:CompanySecretary12023-05-012024-04-30 SC053110business:RegisteredOffice2023-05-012024-04-30 SC0531102023-04-30 SC053110core:WithinOneYear2024-04-30 SC053110core:WithinOneYear2023-04-30 SC053110core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 SC053110core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC053110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 SC053110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC053110core:PreviouslyStatedAmount2024-04-30 SC053110core:PreviouslyStatedAmount2023-04-30 SC053110business:SmallEntities2023-05-012024-04-30 SC053110countries:Scotland2023-05-012024-04-30 SC053110core:FurnitureFittings2023-05-012024-04-30 SC053110core:LandBuildings2023-05-012024-04-30 SC0531102022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC053110 (Scotland)
Hugh Allan (Properties) Limited Unaudited accounts for the year ended 30 April 2024
Hugh Allan (Properties) Limited Unaudited accounts Contents
Page
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Hugh Allan (Properties) Limited Company Information for the year ended 30 April 2024
Directors
H Allan M Allan L Allan H Allan (junior) M Howie
Secretary
H Allan
Company Number
SC053110 (Scotland)
Registered Office
Ness Castle Dores Inverness IV2 6DJ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Hugh Allan (Properties) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,687,873 
2,223,781 
Current assets
Debtors
38,288 
27,427 
Cash at bank and in hand
429,085 
436,261 
467,373 
463,688 
Creditors: amounts falling due within one year
(163,245)
(245,657)
Net current assets
304,128 
218,031 
Total assets less current liabilities
2,992,001 
2,441,812 
Provisions for liabilities
Deferred tax
(184,044)
(95,284)
Net assets
2,807,957 
2,346,528 
Capital and reserves
Called up share capital
7,000 
7,000 
Profit and loss account
2,800,957 
2,339,528 
Shareholders' funds
2,807,957 
2,346,528 
For the year ending 30 April 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
H Allan Director Company Registration No. SC053110
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Hugh Allan (Properties) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Hugh Allan (Properties) Limited is a private company, limited by shares, registered in Scotland, registration number SC053110. The registered office is Ness Castle, Dores, Inverness, IV2 6DJ.
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.
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 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:
Fixtures & fittings
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hugh Allan (Properties) Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
2,252,891 
Additions
449 
Revaluations
464,000 
Disposals
(2,692)
At 30 April 2024
2,714,648 
Depreciation
At 1 May 2023
29,110 
Charge for the year
357 
On disposals
(2,692)
At 30 April 2024
26,775 
Net book value
At 30 April 2024
2,687,873 
At 30 April 2023
2,223,781 
The investment properties were revalued by the director H Allan on 30 April 2024 on an open market value for existing use basis at £2,687,000.
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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