18 January 2023 false No description of principal activity Taxfiler 2024.5 SC755742business:PrivateLimitedCompanyLtd2023-01-182024-01-31 SC7557422023-01-17 SC7557422023-01-182024-01-31 SC755742business:AuditExempt-NoAccountantsReport2023-01-182024-01-31 SC755742business:FilletedAccounts2023-01-182024-01-31 SC7557422024-01-31 SC755742business:Director12023-01-182024-01-31 SC755742business:RegisteredOffice2023-01-182024-01-31 SC755742core:WithinOneYear2024-01-31 SC755742core:AfterOneYear2024-01-31 SC755742core:SharePremiumcore:PreviouslyStatedAmount2024-01-31 SC755742core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC755742core:PreviouslyStatedAmount2024-01-31 SC755742business:SmallEntities2023-01-182024-01-31 SC755742countries:Scotland2023-01-182024-01-31 SC755742core:LandBuildings2023-01-17 SC755742core:FurnitureFittings2023-01-17 SC755742core:LandBuildings2023-01-182024-01-31 SC755742core:FurnitureFittings2023-01-182024-01-31 SC755742core:LandBuildings2024-01-31 SC755742core:FurnitureFittings2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC755742 (Scotland)
Lothians Properties Ltd Unaudited accounts for the period from 18 January 2023 to 31 January 2024
Lothians Properties Ltd Unaudited accounts Contents
Page
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Lothians Properties Ltd Company Information for the period from 18 January 2023 to 31 January 2024
Director
Mr Maciej Jacek Kowalski
Company Number
SC755742 (Scotland)
Registered Office
11 SHIEL HALL CRESCENT ROSEWELL MIDLOTHIAN EH24 9DD UNITED KINGDOM
Accountants
Litke Wood & Co Limited 105 Witton Street Northwich Cheshire CW9 5DR
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Lothians Properties Ltd Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
72,943 
Current assets
Debtors
3,000 
Cash at bank and in hand
27,159 
30,159 
Creditors: amounts falling due within one year
(57,324)
Net current liabilities
(27,165)
Total assets less current liabilities
45,778 
Creditors: amounts falling due after more than one year
(47,484)
Net liabilities
(1,706)
Capital and reserves
Share premium
100 
Profit and loss account
(1,806)
Shareholders' funds
(1,706)
For the period ending 31 January 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 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 1 August 2024 and were signed on its behalf by
Mr Maciej Jacek Kowalski Director Company Registration No. SC755742
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Lothians Properties Ltd Notes to the Accounts for the period from 18 January 2023 to 31 January 2024
1
Statutory information
Lothians Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC755742. The registered office is 11 SHIEL HALL CRESCENT, ROSEWELL, MIDLOTHIAN, EH24 9DD, UNITED KINGDOM.
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 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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: Depreciation is not provided for in connection with investment properties.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 18 January 2023
- 
- 
- 
Additions
72,545 
398 
72,943 
At 31 January 2024
72,545 
398 
72,943 
Depreciation
At 31 January 2024
- 
- 
- 
Net book value
At 31 January 2024
72,545 
398 
72,943 
5
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,000 
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Lothians Properties Ltd Notes to the Accounts for the period from 18 January 2023 to 31 January 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
174 
Loans from directors
57,150 
57,324 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
47,484 
8
Average number of employees
During the period the average number of employees was 0.
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