Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-12-132falsefalsefalse SC753000 2022-12-12 SC753000 2022-12-13 2024-03-31 SC753000 2021-12-13 2022-12-12 SC753000 2024-03-31 SC753000 c:Director1 2022-12-13 2024-03-31 SC753000 c:Director1 2024-03-31 SC753000 c:Director2 2022-12-13 2024-03-31 SC753000 c:Director2 2024-03-31 SC753000 c:RegisteredOffice 2022-12-13 2024-03-31 SC753000 d:FreeholdInvestmentProperty 2022-12-13 2024-03-31 SC753000 d:FreeholdInvestmentProperty 2024-03-31 SC753000 d:CurrentFinancialInstruments 2024-03-31 SC753000 d:Non-currentFinancialInstruments 2024-03-31 SC753000 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC753000 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC753000 d:ShareCapital 2024-03-31 SC753000 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC753000 c:OrdinaryShareClass1 2022-12-13 2024-03-31 SC753000 c:OrdinaryShareClass1 2024-03-31 SC753000 c:OrdinaryShareClass2 2022-12-13 2024-03-31 SC753000 c:OrdinaryShareClass2 2024-03-31 SC753000 c:OrdinaryShareClass3 2022-12-13 2024-03-31 SC753000 c:OrdinaryShareClass3 2024-03-31 SC753000 c:FRS102 2022-12-13 2024-03-31 SC753000 c:AuditExempt-NoAccountantsReport 2022-12-13 2024-03-31 SC753000 c:FullAccounts 2022-12-13 2024-03-31 SC753000 c:PrivateLimitedCompanyLtd 2022-12-13 2024-03-31 SC753000 e:PoundSterling 2022-12-13 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC753000










TAURUS PROPERTY SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
TAURUS PROPERTY SERVICES LIMITED
 

COMPANY INFORMATION


Directors
Mr N Sampson (appointed 13 December 2022)
Mrs F Sampson (appointed 13 December 2022)




Registered number
SC753000



Registered office
Pentland House
Saltire Centre

Glenrothes

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TAURUS PROPERTY SERVICES LIMITED
REGISTERED NUMBER: SC753000

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
£

Fixed assets
  

Investment property
 4 
152,575

  
152,575

Current assets
  

Debtors: amounts falling due within one year
 5 
1,626

Bank and cash balances
  
2,796

  
4,422

Creditors: amounts falling due within one year
 6 
(57,340)

Net current (liabilities)/assets
  
 
 
(52,918)

Total assets less current liabilities
  
99,657

Creditors: amounts falling due after more than one year
  
(107,100)

  

Net (liabilities)/assets
  
(7,443)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(7,543)

  
(7,443)


Page 1

 
TAURUS PROPERTY SERVICES LIMITED
REGISTERED NUMBER: SC753000

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr N Sampson
Mrs F Sampson
Director
Director


Date: 20 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TAURUS PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Taurus Property Services Limited is a private company, limited by shares, incorporated in Scotland with registration number SC753000. The registered office is Pentland House, Saltire Centre, Glenrothes, KY6 2AH.
The company was incorporated on 13 December 2022 and commenced trading on 3 July 2023. 
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Current and deferred taxation

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

The current 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
TAURUS PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
152,575



At 31 March 2024
152,575

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 4

 
TAURUS PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
£


Other debtors
200

Deferred taxation
1,426

1,626



6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
55,900

Accruals and deferred income
1,440

57,340



7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
107,100

107,100


Secured Creditors
Other loans falling due after more than one year of £107,100 are secured over the property to which they relate.


8.


Share capital

2024
£
Allotted, called up and fully paid


51 Ordinary A shares of £1.00 each
51
25 Ordinary B shares of £1.00 each
25
24 Ordinary C shares of £1.00 each
24

100


On incorporation, 51 Ordinary A shares of £1 each, 25 Ordinary B shares of £1 each and 24 Ordinary C shares of £1 each were issued.


Page 5