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REGISTERED NUMBER: SC412974 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AD PROPERTIES ( LANARKSHIRE ) LIMITED

AD PROPERTIES ( LANARKSHIRE ) LIMITED (REGISTERED NUMBER: SC412974)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

AD PROPERTIES ( LANARKSHIRE ) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: D Donaldson





SECRETARY: D Donaldson





REGISTERED OFFICE: 72 Lesmahagow Road
Boghead
Lanarkshire
ML11 0JA





REGISTERED NUMBER: SC412974 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

AD PROPERTIES ( LANARKSHIRE ) LIMITED (REGISTERED NUMBER: SC412974)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,363 335,964

CURRENT ASSETS
Stocks 77,961 77,961
Debtors 5 335 214
Cash at bank 210,465 127,099
288,761 205,274
CREDITORS
Amounts falling due within one year 6 235,512 258,191
NET CURRENT ASSETS/(LIABILITIES) 53,249 (52,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,612

283,047

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,512 282,947
SHAREHOLDERS' FUNDS 357,612 283,047

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

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

The director acknowledges his 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.

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 16 November 2024 and were signed by:





D Donaldson - Director


AD PROPERTIES ( LANARKSHIRE ) LIMITED (REGISTERED NUMBER: SC412974)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ad Properties ( Lanarkshire ) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AD PROPERTIES ( LANARKSHIRE ) LIMITED (REGISTERED NUMBER: SC412974)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 335,458 1,413 336,871
Disposals (31,500 ) - (31,500 )
At 31 March 2024 303,958 1,413 305,371
DEPRECIATION
At 1 April 2023 - 907 907
Charge for year - 101 101
At 31 March 2024 - 1,008 1,008
NET BOOK VALUE
At 31 March 2024 303,958 405 304,363
At 31 March 2023 335,458 506 335,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100 -
Other debtors 235 214
335 214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 100 -
Taxation and social security 19,966 3,017
Other creditors 215,446 255,174
235,512 258,191

AD PROPERTIES ( LANARKSHIRE ) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
AD PROPERTIES ( LANARKSHIRE ) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................