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REGISTERED NUMBER: SC775368 (Scotland)





















Unaudited Financial Statements

For The Period 11 July 2023 to 31 March 2024

for

Chlodan Properties Limited

Chlodan Properties Limited (Registered number: SC775368)






Contents of the Financial Statements
For The Period 11 July 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chlodan Properties Limited

Company Information
For The Period 11 July 2023 to 31 March 2024







DIRECTOR: Mrs E Duncan





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC775368 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Chlodan Properties Limited (Registered number: SC775368)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 375,138

CURRENT ASSETS
Debtors 5 11,192
Cash at bank 48,531
59,723
CREDITORS
Amounts falling due within one year 6 1,169
NET CURRENT ASSETS 58,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,692

CREDITORS
Amounts falling due after more than one
year

7

(383,017

)

PROVISIONS FOR LIABILITIES 9 (12,644 )
NET ASSETS 38,031

CAPITAL AND RESERVES
Called up share capital 100
Fair value reserve 10 66,454
Retained earnings 10 (28,523 )
SHAREHOLDERS' FUNDS 38,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Chlodan Properties Limited (Registered number: SC775368)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 19 November 2024 and were signed by:





Mrs E Duncan - Director


Chlodan Properties Limited (Registered number: SC775368)

Notes to the Financial Statements
For The Period 11 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Chlodan Properties Limited 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 as modified by the revaluation of certain assets.

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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 period 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.

Chlodan Properties Limited (Registered number: SC775368)

Notes to the Financial Statements - continued
For The Period 11 July 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 296,040
Revaluations 79,098
At 31 March 2024 375,138
NET BOOK VALUE
At 31 March 2024 375,138

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 79,097
Cost 296,041
375,138

The investment properties had been professionally valued during the year and have been assessed as being at fair value as at 31/03/2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 11,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,169

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 290,155
Other creditors 92,862
383,017

Chlodan Properties Limited (Registered number: SC775368)

Notes to the Financial Statements - continued
For The Period 11 July 2023 to 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 290,155

Paratus AMC Limited holds security over 66 Bank Street, TD1 1EL.
Together Commercial Finance Limited holds security over 40 Balmoor Terrace, AB42 1ER.
Together Commercial Finance Limited holds security over 11 Denholm Gardens, PA16 8RF.

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax 12,644

Deferred
tax
£   
Provided during period 12,644
Balance at 31 March 2024 12,644

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

Profit for the period 37,931 37,931
Transfer to Fair Value Reserve (79,098 ) 79,098 -
Deferred Tax on Revaluation 12,644 (12,644 ) -
At 31 March 2024 (28,523 ) 66,454 37,931

11. RELATED PARTY DISCLOSURES

As at 31/03/2024, Chlodan Properties Ltd was owed £6,192.10 by Emandel Properties Ltd. These companies are connected and this loan has been provided interest free with no fixed repayment terms.