1 April 2023 false No description of principal activity Taxfiler 2024.6 SC128751business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC1287512023-03-31 SC1287512023-04-012024-03-31 SC128751business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC128751business:FilletedAccounts2023-04-012024-03-31 SC1287512024-03-31 SC128751business:Director12023-04-012024-03-31 SC128751business:Director22023-04-012024-03-31 SC128751business:CompanySecretary12023-04-012024-03-31 SC128751business:RegisteredOffice2023-04-012024-03-31 SC1287512023-03-31 SC128751core:WithinOneYear2024-03-31 SC128751core:WithinOneYear2023-03-31 SC128751core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC128751core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC128751core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC128751core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC128751core:PreviouslyStatedAmount2024-03-31 SC128751core:PreviouslyStatedAmount2023-03-31 SC128751business:SmallEntities2023-04-012024-03-31 SC128751countries:Scotland2023-04-012024-03-31 SC128751core:LandBuildings2023-03-31 SC128751core:LandBuildings2024-03-31 SC128751business:OrdinaryShareClass12023-04-012024-03-31 SC128751business:OrdinaryShareClass12022-04-012023-03-31 SC128751business:OrdinaryShareClass22023-04-012024-03-31 SC128751business:OrdinaryShareClass22022-04-012023-03-31 SC128751business:AllOrdinaryShares2023-04-012024-03-31 SC128751business:AllOrdinaryShares2022-04-012023-03-31 SC1287512022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC128751 (Scotland)
Locher Properties Limited Unaudited accounts for the year ended 31 March 2024
Locher Properties Limited Unaudited accounts Contents
Page
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Locher Properties Limited Company Information for the year ended 31 March 2024
Directors
Mr D E Sangster Mr K Barclay
Secretary
Mrs S Sangster
Company Number
SC128751 (Scotland)
Registered Office
54 Kilbarchan Road Bridge of Weir Renfrewshire PA11 3EZ Scotland
Accountants
CLA Accountancy Services Ltd 2 Brierie Hill Grove Houston Renfrewshire PA6 7BW
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Locher Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
351,742 
351,742 
Current assets
Cash at bank and in hand
35,887 
19,285 
Creditors: amounts falling due within one year
(87,947)
(81,823)
Net current liabilities
(52,060)
(62,538)
Net assets
299,682 
289,204 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
299,582 
289,104 
Shareholders' funds
299,682 
289,204 
For the year ending 31 March 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 6 November 2024 and were signed on its behalf by
Mr D E Sangster Director Company Registration No. SC128751
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Locher Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Locher Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC128751. The registered office is 54 Kilbarchan Road, Bridge of Weir, Renfrewshire, PA11 3EZ, 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.
Turnover
Turnover represents invoiced net of VAT rent, and insurance.
Investment Properties
Properties are included in the accounts at purchase price contrary to the provisions of Accounting Reporting Standards. Additions to properties include costs of a capital nature only. Costs such as interest and other property outgoings in respect of developments and refurbishment are treated as revenue expenditure and written off as incurred.
Deferred taxation
The Director has decided not to make provision for deferred taxation in respect of all material timing differences.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
351,742 
At 31 March 2024
351,742 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
351,742 
At 31 March 2023
351,742 
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Locher Properties Limited Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,368 
5,300 
Taxes and social security
24,646 
19,255 
Other creditors
57,933 
57,268 
87,947 
81,823 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
500 A Ordinary shares of £0.10 each
50 
50 
500 B Ordinary Shares of £0.10 each
50 
50 
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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