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REGISTERED NUMBER: SC330627 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

Petrie Buchanan Assets And Investments
Ltd

Petrie Buchanan Assets And Investments
Ltd (Registered number: SC330627)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Petrie Buchanan Assets And Investments
Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr J A Petrie
Mr C D McIntee





REGISTERED OFFICE: Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA





REGISTERED NUMBER: SC330627 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Petrie Buchanan Assets And Investments
Ltd (Registered number: SC330627)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,271 167,531

CURRENT ASSETS
Debtors 5 43,936 21,955
Cash at bank 250,462 231,913
294,398 253,868
CREDITORS
Amounts falling due within one year 6 42,877 16,929
NET CURRENT ASSETS 251,521 236,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,792

404,470

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 42,992 42,992
Retained earnings 374,700 361,378
SHAREHOLDERS' FUNDS 417,792 404,470

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

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

The directors acknowledge their 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.

Petrie Buchanan Assets And Investments
Ltd (Registered number: SC330627)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mr J A Petrie - Director



Mr C D McIntee - Director


Petrie Buchanan Assets And Investments
Ltd (Registered number: SC330627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Petrie Buchanan Assets And Investments Ltd 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 176,972 17,633 2,738 197,343
DEPRECIATION
At 1 October 2022 9,450 17,625 2,737 29,812
Charge for year 1,260 - - 1,260
At 30 September 2023 10,710 17,625 2,737 31,072
NET BOOK VALUE
At 30 September 2023 166,262 8 1 166,271
At 30 September 2022 167,522 8 1 167,531

1 Water Row, 816 Govan Road, Glasgow included at a valuation of £63,000 had a historic cost of £20,008. The property was revalued in April 2015 by Glasgow City Council.

Petrie Buchanan Assets And Investments
Ltd (Registered number: SC330627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,354 18,039
VAT 12,582 3,916
43,936 21,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,140 364
Tax 3,633 14,434
Social security and other taxes 1,214 1,281
Accrued expenses 890 850
42,877 16,929

7. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 42,992