Registered number
SC656782
Syed Homes (Scotland) Ltd
Filleted Accounts
31 March 2024
Syed Homes (Scotland) Ltd
Registered number: SC656782
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 469,085 469,085
Current assets
Debtors 4 2,120 1,225
Cash at bank and in hand 6,726 5,094
8,846 6,319
Creditors: amounts falling due within one year 5 (480) (480)
Net current assets 8,366 5,839
Total assets less current liabilities 477,451 474,924
Creditors: amounts falling due after more than one year 6 (456,513) (475,752)
Net assets/(liabilities) 20,938 (828)
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,838 (928)
Shareholders' funds 20,938 (828)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Z Syed
Director
Approved by the board on 13 September 2024
Syed Homes (Scotland) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from rents received.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forwards to be used against future profits of the same trade
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 469,085
At 31 March 2024 469,085
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 469,085
At 31 March 2023 469,085
4 Debtors 2024 2023
£ £
Trade debtors 2,120 1,225
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 480 480
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 281,928 313,590
Other creditors 174,585 162,162
456,513 475,752
7 Other information
Syed Homes (Scotland) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
16 Sandwell Crescent
Kirkcaldy
Fife
KY1 1GH
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