Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC435487 Lynne McArthur Sandra McArthur Laura McArthur Quantam Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC435487 2023-05-31 SC435487 2024-05-31 SC435487 2023-06-01 2024-05-31 SC435487 frs-core:CurrentFinancialInstruments 2024-05-31 SC435487 frs-core:Non-currentFinancialInstruments 2024-05-31 SC435487 frs-core:ComputerEquipment 2024-05-31 SC435487 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC435487 frs-core:ComputerEquipment 2023-05-31 SC435487 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC435487 frs-core:ShareCapital 2024-05-31 SC435487 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC435487 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC435487 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC435487 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC435487 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC435487 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC435487 1 2023-06-01 2024-05-31 SC435487 frs-bus:Director1 2023-06-01 2024-05-31 SC435487 frs-bus:Director1 2023-05-31 SC435487 frs-bus:Director1 2024-05-31 SC435487 frs-bus:Director2 2023-06-01 2024-05-31 SC435487 frs-bus:Director2 2023-05-31 SC435487 frs-bus:Director2 2024-05-31 SC435487 frs-bus:Director3 2023-06-01 2024-05-31 SC435487 frs-bus:Director3 2023-05-31 SC435487 frs-bus:Director3 2024-05-31 SC435487 frs-countries:Scotland 2023-06-01 2024-05-31 SC435487 2022-05-31 SC435487 2023-05-31 SC435487 2022-06-01 2023-05-31 SC435487 frs-core:CurrentFinancialInstruments 2023-05-31 SC435487 frs-core:Non-currentFinancialInstruments 2023-05-31 SC435487 frs-core:ShareCapital 2023-05-31 SC435487 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC435487
INVEST IN SCOTTISH PROPERTIES LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC435487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,982 307
3,982 307
CURRENT ASSETS
Property stock 776,170 634,246
Debtors 5 3,297,727 2,308,673
Bank 410,378 1,096,078
4,484,275 4,038,997
Creditors: Amounts Falling Due Within One Year 6 (458,549 ) (441,754 )
NET CURRENT ASSETS (LIABILITIES) 4,025,726 3,597,243
TOTAL ASSETS LESS CURRENT LIABILITIES 4,029,708 3,597,550
Creditors: Amounts Falling Due After More Than One Year 7 (13,156 ) (23,653 )
NET ASSETS 4,016,552 3,573,897
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 4,016,542 3,573,887
SHAREHOLDERS' FUNDS 4,016,552 3,573,897
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Lynne McArthur
Director
Sandra McArthur
Director
Laura McArthur
Director
16 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
INVEST IN SCOTTISH PROPERTIES LTD is a private company, limited by shares, incorporated in Scotland, registered number SC435487 . The registered office is 120 West Regent Street, Glasgow, G2 2QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line
Computer Equipment 33.33% straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 6,029
Additions 4,573
As at 31 May 2024 10,602
Depreciation
As at 1 June 2023 5,722
Provided during the period 898
As at 31 May 2024 6,620
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 3,982
As at 1 June 2023 307
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,325,997 747,376
Other debtors 1,971,730 1,561,297
3,297,727 2,308,673
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8,333 8,333
Amounts owed to group undertakings 112,574 100,574
Other creditors 236,068 264,536
Taxation and social security 101,574 68,311
458,549 441,754
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,156 23,653
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Miss Lynne McArthur 512,035 131,150 - - 643,185
Miss Sandra McArthur 512,035 131,150 - - 643,185
Mrs Laura McArthur 135,717 36,771 - - 172,488
The above loan is unsecured, interest is charged and repayable on demand.
Page 4
Page 5
10. Related Party Transactions
Quantam Holdings LtdThis is the holding company of Invest In Scottish Properties Ltd. The amount due to Quantam Holdings Ltd at 31 May 2023 was £106,182. (2022 £106182)

Quantam Holdings Ltd

This is the holding company of Invest In Scottish Properties Ltd. The amount due to Quantam Holdings Ltd at 31 May 2023 was £106,182. (2022 £106182)

Zing Property Specialists LtdThis is a fellow subsidiary company of Quantam Holdings Limited. The amount due to the company Zing Property Specialists Ltd at 31 May 2024 was £6,392 (2023 £5,608 due from Zing)

Zing Property Specialists Ltd

This is a fellow subsidiary company of Quantam Holdings Limited. The amount due to the company Zing Property Specialists Ltd at 31 May 2024 was £6,392 (2023 £5,608 due from Zing)

Dividends paid to Quantam Holdings Ltd during the year were £60,000 (2023 £0)
11. Ultimate Controlling Party
The company's ultimate controlling party is Quantam Holdings Ltd by virtue of it's ownership of 100% of the issued share capital in the company.  Quantam Holdings Ltd is a company registered in Scotland under Companies House No SC409642. 
Page 5