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REGISTERED NUMBER: SC707909 (Scotland)















Pollard Property and Mortgages Ltd

Financial Statements For The Year Ended 31 March 2024






Pollard Property and Mortgages Ltd (Registered number: SC707909)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pollard Property and Mortgages Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTOR: Mrs M Vines





REGISTERED OFFICE: 2 Princes Street
Thurso
Caithness
KW14 7BQ





REGISTERED NUMBER: SC707909 (Scotland)





ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Sir John's Square
Thurso
Caithness
KW14 7AN

Pollard Property and Mortgages Ltd (Registered number: SC707909)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,582 16,428

CURRENT ASSETS
Debtors 5 49,100 42,840
Cash at bank and in hand 101,915 115,118
151,015 157,958
CREDITORS
Amounts falling due within one year 6 15,923 64,564
NET CURRENT ASSETS 135,092 93,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,674

109,822

PROVISIONS FOR LIABILITIES 5,525 200
NET ASSETS 161,149 109,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,049 109,522
161,149 109,622

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 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.

Pollard Property and Mortgages Ltd (Registered number: SC707909)

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 27 November 2024 and were signed by:





Mrs M Vines - Director


Pollard Property and Mortgages Ltd (Registered number: SC707909)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pollard Property and Mortgages Ltd 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.
Equipment - 33% on reducing balance and 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Pollard Property and Mortgages Ltd (Registered number: SC707909)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 April 2023 1,658 21,905 23,563
Additions - 34,522 34,522
Disposals - (17,000 ) (17,000 )
At 31 March 2024 1,658 39,427 41,085
DEPRECIATION
At 1 April 2023 - 7,135 7,135
Charge for year - 8,901 8,901
Eliminated on disposal - (6,533 ) (6,533 )
At 31 March 2024 - 9,503 9,503
NET BOOK VALUE
At 31 March 2024 1,658 29,924 31,582
At 31 March 2023 1,658 14,770 16,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,251 13,054
Other debtors 46,849 29,786
49,100 42,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,879 772
Taxation and social security 11,731 29,252
Other creditors 313 34,540
15,923 64,564