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REGISTERED NUMBER: SC490111 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sisters Properties (Scotland) Limited

Sisters Properties (Scotland) Limited (Registered number: SC490111)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sisters Properties (Scotland) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs Jacqueline McDougall
Ewan McDougall





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC490111 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Sisters Properties (Scotland) Limited (Registered number: SC490111)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,914 350,844

CURRENT ASSETS
Debtors 5 445 445
Cash at bank 110 97
555 542
CREDITORS
Amounts falling due within one year 6 174,736 171,344
NET CURRENT LIABILITIES (174,181 ) (170,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,733

180,042

CREDITORS
Amounts falling due after more than one
year

7

(90,053

)

(103,098

)

PROVISIONS FOR LIABILITIES 9 (1,670 ) (1,732 )
NET ASSETS 82,010 75,212

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 81,910 75,112
SHAREHOLDERS' FUNDS 82,010 75,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Sisters Properties (Scotland) Limited (Registered number: SC490111)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2024 and were signed on its behalf by:





Mrs Jacqueline McDougall - Director


Sisters Properties (Scotland) Limited (Registered number: SC490111)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sisters Properties (Scotland) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Sisters Properties (Scotland) Limited (Registered number: SC490111)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Heritable Motor
property vehicles Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 339,125 20,833 359,958
DEPRECIATION
At 1 February 2023 - 9,114 9,114
Charge for year - 2,930 2,930
At 31 January 2024 - 12,044 12,044
NET BOOK VALUE
At 31 January 2024 339,125 8,789 347,914
At 31 January 2023 339,125 11,719 350,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 445 445

Sisters Properties (Scotland) Limited (Registered number: SC490111)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,883 16,883
Taxation and social security 6,834 4,309
Other creditors 151,019 150,152
174,736 171,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 90,053 103,098

Amounts falling due in more than five years:

Repayable by instalments
Bank loan > 5 years 22,521 35,566

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 106,936 119,981

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,670 1,732

Deferred
tax
£   
Balance at 1 February 2023 1,732
Provided during year (62 )
Balance at 31 January 2024 1,670

Sisters Properties (Scotland) Limited (Registered number: SC490111)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.