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REGISTERED NUMBER: SC655602 (Scotland)


















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Loch View Properties Ltd

Loch View Properties Ltd (Registered number: SC655602)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Loch View Properties Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A Livingstone
Mrs K M Livingstone





SECRETARY: A Livingstone





REGISTERED OFFICE: 26 Loch Drive
Helensburgh
Argyll And Bute
G84 8PY





REGISTERED NUMBER: SC655602 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Loch View Properties Ltd (Registered number: SC655602)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 81,005 81,005

CURRENT ASSETS
Cash at bank 2,417 2,015

CREDITORS
Amounts falling due within one year 5 32,890 32,390
NET CURRENT LIABILITIES (30,473 ) (30,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,532

50,630

CREDITORS
Amounts falling due after more than one
year

6

60,995

60,995
NET LIABILITIES (10,463 ) (10,365 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (10,473 ) (10,375 )
(10,463 ) (10,365 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 22 August 2024 and were signed on its behalf by:



A Livingstone - Director


Loch View Properties Ltd (Registered number: SC655602)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Loch View Properties 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Going concern
The status of the company as a going concern is dependent on the continuing support of the company's directors.

3. EMPLOYEES AND DIRECTORS

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

Loch View Properties Ltd (Registered number: SC655602)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 81,005
NET BOOK VALUE
At 29 February 2024 81,005
At 28 February 2023 81,005

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 32,890 32,390

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 60,995 60,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,995 60,995

7. CONTINGENT LIABILITIES

As at 29 February 2024 the company had no contingent liabilities (2023 - £nil).

8. CAPITAL COMMITMENTS

As at 29 February 2024 the company had no capital commitments (2023 - £nil).

9. RELATED PARTY DISCLOSURES

As at 29 February 2024 included in other creditors are balances of £28,791 and £3,199 due to Mr A Livingstone and Mrs KM Livingstone respectively (2022 - £28,341 Mr A Livingstone and £3,149 Mrs KM Livingstone), directors of the company. There is no fixed repayment term or interest charged thereon.