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REGISTERED NUMBER: SC412167 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

GO PROPERTY (ABERDEEN) LIMITED

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GO PROPERTY (ABERDEEN) LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Barry





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC412167 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,036 225

CURRENT ASSETS
Stocks 92,000 102,000
Debtors 5 1,019 14,065
Cash at bank 38,447 27,346
131,466 143,411
CREDITORS
Amounts falling due within one year 6 99,861 111,896
NET CURRENT ASSETS 31,605 31,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,641

31,740

CREDITORS
Amounts falling due after more than one year 7 (14,582 ) -

PROVISIONS FOR LIABILITIES 8 (4,187 ) (43 )
NET ASSETS 34,872 31,697

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 34,772 31,597
SHAREHOLDERS' FUNDS 34,872 31,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Balance Sheet - continued
30 NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





A Barry - Director


GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Go Property (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 300 6,857 647 7,804
Additions - 22,995 92 23,087
Disposals - (92 ) - (92 )
At 30 November 2023 300 29,760 739 30,799
DEPRECIATION
At 1 December 2022 250 6,857 472 7,579
Charge for year 50 959 267 1,276
Eliminated on disposal - (92 ) - (92 )
At 30 November 2023 300 7,724 739 8,763
NET BOOK VALUE
At 30 November 2023 - 22,036 - 22,036
At 30 November 2022 50 - 175 225

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 22,995
At 30 November 2023 22,995
DEPRECIATION
Charge for year 959
At 30 November 2023 959
NET BOOK VALUE
At 30 November 2023 22,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 800 14,000
Prepayments and accrued income 219 65
1,019 14,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 4,997 -
Trade creditors 13,775 10,220
Tax 49,199 45,135
Social security and other taxes 2,570 3,903
VAT 12,067 27,499
Directors' current accounts 11,499 25,001
Accrued expenses 5,754 138
99,861 111,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 14,582 -

GO PROPERTY (ABERDEEN) LIMITED (REGISTERED NUMBER: SC412167)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 4,187 43

Deferred
tax
£   
Balance at 1 December 2022 43
Accelerated capital allowances 4,144
Balance at 30 November 2023 4,187

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
150 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 31,597
Profit for the year 25,175
Dividends (22,000 )
At 30 November 2023 34,772