IRIS Accounts Production v24.2.0.383 SC573397 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5733972022-12-31SC5733972023-12-31SC5733972023-01-012023-12-31SC5733972021-12-31SC5733972022-01-012022-12-31SC5733972022-12-31SC573397ns15:Scotland2023-01-012023-12-31SC573397ns14:PoundSterling2023-01-012023-12-31SC573397ns10:Director12023-01-012023-12-31SC573397ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC573397ns10:SmallEntities2023-01-012023-12-31SC573397ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC573397ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC573397ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC573397ns10:FullAccounts2023-01-012023-12-31SC57339712023-01-012023-12-31SC573397ns10:Director22023-01-012023-12-31SC573397ns10:RegisteredOffice2023-01-012023-12-31SC573397ns5:CurrentFinancialInstruments2023-12-31SC573397ns5:CurrentFinancialInstruments2022-12-31SC573397ns5:Non-currentFinancialInstruments2023-12-31SC573397ns5:Non-currentFinancialInstruments2022-12-31SC573397ns5:ShareCapital2023-12-31SC573397ns5:ShareCapital2022-12-31SC573397ns5:RetainedEarningsAccumulatedLosses2023-12-31SC573397ns5:RetainedEarningsAccumulatedLosses2022-12-31SC573397ns5:NetGoodwill2023-01-012023-12-31SC573397ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC573397ns5:PlantMachinery2023-01-012023-12-31SC573397ns5:ComputerEquipment2023-01-012023-12-31SC573397ns5:NetGoodwill2022-12-31SC573397ns5:NetGoodwill2023-12-31SC573397ns5:NetGoodwill2022-12-31SC573397ns5:PlantMachinery2022-12-31SC573397ns5:ComputerEquipment2022-12-31SC573397ns5:PlantMachinery2023-12-31SC573397ns5:ComputerEquipment2023-12-31SC573397ns5:PlantMachinery2022-12-31SC573397ns5:ComputerEquipment2022-12-31SC573397ns5:CostValuation2022-12-31SC573397ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC573397ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC573397ns5:Secured2023-12-31SC573397ns5:Secured2022-12-31SC573397ns5:DeferredTaxation2022-12-31SC573397ns5:DeferredTaxation2023-01-012023-12-31SC573397ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: SC573397 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Big Property Services Limited

Big Property Services Limited (Registered number: SC573397)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Big Property Services Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: E K Sharma
R Joshi





REGISTERED OFFICE: 18 Bogmoor Place
Glasgow
G51 4TQ





REGISTERED NUMBER: SC573397 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Big Property Services Limited (Registered number: SC573397)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,029 35,360
Tangible assets 5 - 140
Investments 6 335,627 335,627
364,656 371,127

CURRENT ASSETS
Debtors 7 427,804 191,883
Cash at bank 1,550 3,028
429,354 194,911
CREDITORS
Amounts falling due within one year 8 518,187 374,252
NET CURRENT LIABILITIES (88,833 ) (179,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,823

191,786

CREDITORS
Amounts falling due after more than one
year

9

(111,690

)

(187,780

)

PROVISIONS FOR LIABILITIES 11 - (27 )
NET ASSETS 164,133 3,979

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 163,883 3,729
SHAREHOLDERS' FUNDS 164,133 3,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Big Property Services Limited (Registered number: SC573397)

Balance Sheet - continued
31 December 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 24 September 2024 and were signed on its behalf by:





E K Sharma - Director


Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Big Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 2 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 63,315
AMORTISATION
At 1 January 2023 27,955
Charge for year 6,331
At 31 December 2023 34,286
NET BOOK VALUE
At 31 December 2023 29,029
At 31 December 2022 35,360

Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,200 500 1,700
DEPRECIATION
At 1 January 2023 1,060 500 1,560
Charge for year 140 - 140
At 31 December 2023 1,200 500 1,700
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 140 - 140

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 335,627
NET BOOK VALUE
At 31 December 2023 335,627
At 31 December 2022 335,627

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 410,804 174,883
Amounts owed by associates 17,000 -
Other debtors - 17,000
427,804 191,883

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 40,913 37,488
Amounts owed to group undertakings 273,839 158,371
Amounts owed to associates 39,260 33,660
Other creditors 164,175 144,733
518,187 374,252

Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 43,433 84,346
Other creditors 68,257 103,434
111,690 187,780

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 103,435 137,235

The Franchiser, Service Master holds security over all assets in the business.

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 27

Deferred
tax
£   
Balance at 1 January 2023 27
Credit to Income Statement during year (27 )
Balance at 31 December 2023 -

Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

Trading transactions are conducted with each of these trading entities under normal business terms. No interest has been applied to the loan balances.





Purchases
Net trading
balances due
from/(to)

Loan balances
due from/(to)
Group: £ £ £
Pristine Cleaning Services Ltd - - 110,087

Tayside Fife and Cleaning Company Ltd - - 123,448

SMCSG Ltd - - 177,269

Frame Contract Services Ltd - - (273,839)

Associates:
Big Property Scotland Ltd - - (5,500)

Mr A Sharma - - (33,760)

Banyvan Property Investments Ltd 17,000





































Big Property Services Limited (Registered number: SC573397)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Big Property Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Big Property Services Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Big Property Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Big Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Big Property Services Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Big Property Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Big Property Services Limited. You consider that Big Property Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Big Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


24 September 2024