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REGISTERED NUMBER: SC769569 (Scotland)















Unaudited Financial Statements

for the Period 16 May 2023 to 31 May 2024

for

Haigh Property Rentals Limited

Haigh Property Rentals Limited (Registered number: SC769569)






Contents of the Financial Statements
for the Period 16 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haigh Property Rentals Limited

Company Information
for the Period 16 May 2023 to 31 May 2024







DIRECTORS: Mr A Haigh
Mr G A Haigh





REGISTERED OFFICE: Peterhead Motors Limited
South Road
Peterhead
Aberdeenshire
AB42 2XX





REGISTERED NUMBER: SC769569 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Haigh Property Rentals Limited (Registered number: SC769569)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 994
Investment property 5 270,000
270,994

CURRENT ASSETS
Debtors 6 200
Cash at bank 8,481
8,681
CREDITORS
Amounts falling due within one year 7 295,760
NET CURRENT LIABILITIES (287,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,085

)

PROVISIONS FOR LIABILITIES 189
NET LIABILITIES (16,274 )

CAPITAL AND RESERVES
Called up share capital 200
Fair value reserve 8 (17,924 )
Retained earnings 8 1,450
SHAREHOLDERS' FUNDS (16,274 )

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

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

The directors acknowledge their 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.

Haigh Property Rentals Limited (Registered number: SC769569)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr G A Haigh - Director


Haigh Property Rentals Limited (Registered number: SC769569)

Notes to the Financial Statements
for the Period 16 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Haigh Property Rentals 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Haigh Property Rentals Limited (Registered number: SC769569)

Notes to the Financial Statements - continued
for the Period 16 May 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 1,242
At 31 May 2024 1,242
DEPRECIATION
Charge for period 248
At 31 May 2024 248
NET BOOK VALUE
At 31 May 2024 994

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 287,924
Revaluations (17,924 )
At 31 May 2024 270,000
NET BOOK VALUE
At 31 May 2024 270,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 (21,014 )
Cost 291,014
270,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 193
Taxation and social security 292
Other creditors 295,275
295,760

Haigh Property Rentals Limited (Registered number: SC769569)

Notes to the Financial Statements - continued
for the Period 16 May 2023 to 31 May 2024

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

Deficit for the period (16,474 ) (16,474 )
Transfer 17,924 (17,924 ) -
At 31 May 2024 1,450 (17,924 ) (16,474 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2024:

£   
Mr A Haigh
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 100

Mr G A Haigh
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 100

10. RELATED PARTY DISCLOSURES

The company received a loan from Peterhead Motors Limited, a company which is an associate of Haigh Property Rentals Limited. The loan balance outstanding at the balance sheet date is £292,199. No interest will be charged on the loan and the loan is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors.