Company Registration No. SC353115 (Scotland)
Premier Properties Perth Limited
Unaudited accounts
for the year ended 31 January 2024
Premier Properties Perth Limited
Unaudited accounts
Contents
Premier Properties Perth Limited
Company Information
for the year ended 31 January 2024
Directors
A W Keddie
K A R Hall
Company Number
SC353115 (Scotland)
Registered Office
45 KING STREET
PERTH
PH2 8JB
SCOTLAND
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Premier Properties Perth Limited
Statement of financial position
as at 31 January 2024
Tangible assets
14,914
13,033
Cash at bank and in hand
122,401
77,503
Creditors: amounts falling due within one year
(123,836)
(240,580)
Net current assets
135,559
80,760
Total assets less current liabilities
150,473
93,793
Creditors: amounts falling due after more than one year
(14,389)
(25,103)
Called up share capital
100
100
Profit and loss account
135,984
68,590
Shareholders' funds
136,084
68,690
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 31 October 2024 and were signed on its behalf by
K A R Hall
Director
Company Registration No. SC353115
Premier Properties Perth Limited
Notes to the Accounts
for the year ended 31 January 2024
Premier Properties Perth Limited is a private company, limited by shares, registered in Scotland, registration number SC353115. The registered office is 45 KING STREET, PERTH, PH2 8JB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
-
50,634
15,760
9,815
76,209
Additions
4,040
-
-
4,007
8,047
At 31 January 2024
4,040
50,634
15,760
13,822
84,256
At 1 February 2023
-
39,717
15,572
7,887
63,176
Charge for the year
-
3,772
95
2,299
6,166
At 31 January 2024
-
43,489
15,667
10,186
69,342
At 31 January 2024
4,040
7,145
93
3,636
14,914
At 31 January 2023
-
10,917
188
1,928
13,033
Premier Properties Perth Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
74,188
158,795
Other debtors
62,806
85,042
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,368
8,368
Trade creditors
4,530
5,450
Amounts owed to group undertakings and other participating interests
2,264
107,264
Taxes and social security
59,767
59,219
Loans from directors
(1,580)
454
7
Creditors: amounts falling due after more than one year
2024
2023
The loans were repaid in full on 25 October 2021
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).