1 February 2023 false No description of principal activity Taxfiler 2024.5 SC651948business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC6519482023-01-31 SC6519482023-02-012024-01-31 SC651948business:AuditExemptWithAccountantsReport2023-02-012024-01-31 SC651948business:FilletedAccounts2023-02-012024-01-31 SC6519482024-01-31 SC651948business:Director12023-02-012024-01-31 SC651948business:Director22023-02-012024-01-31 SC651948business:RegisteredOffice2023-02-012024-01-31 SC6519482023-01-31 SC651948core:WithinOneYear2024-01-31 SC651948core:WithinOneYear2023-01-31 SC651948core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC651948core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC651948core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC651948core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC651948core:PreviouslyStatedAmount2024-01-31 SC651948core:PreviouslyStatedAmount2023-01-31 SC651948business:SmallEntities2023-02-012024-01-31 SC651948countries:Scotland2023-02-012024-01-31 SC651948core:LandBuildings2023-02-012024-01-31 SC651948core:ComputerEquipment2023-02-012024-01-31 SC651948core:LandBuildings2023-01-31 SC651948core:ComputerEquipment2023-01-31 SC651948core:LandBuildings2024-01-31 SC651948core:ComputerEquipment2024-01-31 SC651948business:OrdinaryShareClass12023-02-012024-01-31 SC651948business:OrdinaryShareClass12022-02-012023-01-31 SC651948business:Director112023-02-012024-01-31 SC651948business:Director112023-01-31 SC651948business:Director112024-01-31 SC651948business:Director222023-02-012024-01-31 SC651948business:Director222023-01-31 SC651948business:Director222024-01-31 SC6519482022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC651948 (Scotland)
Palestrina Properties Ltd Unaudited accounts for the year ended 31 January 2024
Palestrina Properties Ltd Unaudited accounts Contents
Page
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Palestrina Properties Ltd Company Information for the year ended 31 January 2024
Directors
I Johnston C Noel
Company Number
SC651948 (Scotland)
Registered Office
15 Richmond Drive Cambuslang Glasgow G72 8BH Scotland
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Palestrina Properties Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
456,852 
375,190 
Current assets
Debtors
1,449 
1,449 
Cash at bank and in hand
2,223 
5,221 
3,672 
6,670 
Creditors: amounts falling due within one year
(479,401)
(409,953)
Net current liabilities
(475,729)
(403,283)
Net liabilities
(18,877)
(28,093)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(18,879)
(28,095)
Shareholders' funds
(18,877)
(28,093)
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
I Johnston Director Company Registration No. SC651948
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Palestrina Properties Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Palestrina Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC651948. The registered office is 15 Richmond Drive, Cambuslang, Glasgow, G72 8BH, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciate
Computer equipment
33% straight line
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
375,190 
- 
375,190 
Additions
80,905 
888 
81,793 
At 31 January 2024
456,095 
888 
456,983 
Depreciation
Charge for the year
- 
131 
131 
At 31 January 2024
- 
131 
131 
Net book value
At 31 January 2024
456,095 
757 
456,852 
At 31 January 2023
375,190 
- 
375,190 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,449 
1,449 
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Palestrina Properties Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
2 
Other creditors
81,601 
85,960 
Loans from directors
397,170 
323,151 
Accruals
630 
840 
479,401 
409,953 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
I Johnston
Director Loan Account
(161,576)
(53,121)
(16,112)
(198,585)
C Noel
Director Loan Account
(161,575)
(53,121)
(16,111)
(198,585)
(323,151)
(106,242)
(32,223)
(397,170)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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