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Company Registration No. SC530715 (Scotland)
Perthside Ltd Unaudited accounts for the year ended 31 March 2024
Perthside Ltd Unaudited accounts Contents
Page
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Perthside Ltd Company Information for the year ended 31 March 2024
Directors
Mrs AR Napier Mrs JM Barclay
Company Number
SC530715 (Scotland)
Registered Office
Summerhill Bellwood Park Perth Perthshire PH2 7AJ Scotland
Accountants
Hawkstane Accountants Brantwoode Ferntower Road Crieff PH7 3DH
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Perthside Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
460,000 
460,000 
Current assets
Cash at bank and in hand
60,105 
17,010 
Creditors: amounts falling due within one year
(174,717)
(148,569)
Net current liabilities
(114,612)
(131,559)
Total assets less current liabilities
345,388 
328,441 
Provisions for liabilities
Deferred tax
(49,799)
(49,799)
Net assets
295,589 
278,642 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
200,201 
200,201 
Profit and loss account
95,386 
78,439 
Shareholders' funds
295,589 
278,642 
For the year ending 31 March 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.
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 9 September 2024 and were signed on its behalf by
Mrs JM Barclay Director Company Registration No. SC530715
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Perthside Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Perthside Ltd is a private company, limited by shares, registered in Scotland, registration number SC530715. The registered office is Summerhill, Bellwood Park, Perth, Perthshire, PH2 7AJ, Scotland.
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
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
460,000 
At 31 March 2024
460,000 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
460,000 
At 31 March 2023
460,000 
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Perthside Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,141 
1,362 
Taxes and social security
4,000 
7,860 
Loans from directors
168,576 
139,347 
174,717 
148,569 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs AR Napier
68,920 
22,782 
7,414 
84,288 
Mrs JM Barclay
70,427 
22,783 
8,922 
84,288 
139,347 
45,565 
16,336 
168,576 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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