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REGISTERED NUMBER: SC356422 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Edge Properties Ltd

Edge Properties Ltd (Registered number: SC356422)






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


Edge Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Nawaz





REGISTERED OFFICE: 172 Woodlands Road
Glasgow
Lanarkshire
G3 6LL





REGISTERED NUMBER: SC356422 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Edge Properties Ltd (Registered number: SC356422)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,150 50,150
Tangible assets 5 16,094 18,704
66,244 68,854

CURRENT ASSETS
Debtors 6 322,683 282,655
Cash at bank and in hand 168,200 189,841
490,883 472,496
CREDITORS
Amounts falling due within one year 7 189,772 209,857
NET CURRENT ASSETS 301,111 262,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,355

331,493

CREDITORS
Amounts falling due after more than one
year

8

(25,677

)

(28,606

)

PROVISIONS FOR LIABILITIES 10 (5,198 ) -
NET ASSETS 336,480 302,887

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 336,380 302,787
SHAREHOLDERS' FUNDS 336,480 302,887

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.

Edge Properties Ltd (Registered number: SC356422)

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 25 November 2024 and were signed by:





M Nawaz - Director


Edge Properties Ltd (Registered number: SC356422)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Edge Properties 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation expenses are being amortised evenly over their estimated useful life of nil years.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 12 ) .

Edge Properties Ltd (Registered number: SC356422)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 50,000 150 50,150
NET BOOK VALUE
At 31 March 2024 50,000 150 50,150
At 31 March 2023 50,000 150 50,150

5. TANGIBLE FIXED ASSETS
Fixtures
Property and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 550 18,951 40,307 11,937 71,745
Additions - - - 2,562 2,562
At 31 March 2024 550 18,951 40,307 14,499 74,307
DEPRECIATION
At 1 April 2023 - 15,526 29,636 7,879 53,041
Charge for year - 514 3,557 1,101 5,172
At 31 March 2024 - 16,040 33,193 8,980 58,213
NET BOOK VALUE
At 31 March 2024 550 2,911 7,114 5,519 16,094
At 31 March 2023 550 3,425 10,671 4,058 18,704

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Edge Properties Sales + Invest
ments 319,000 279,000
Prepaid charges 2,683 2,655
321,683 281,655

Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 322,683 282,655

Edge Properties Ltd (Registered number: SC356422)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 9) 1,011 11,011
Hire purchase contracts 2,929 2,929
Creditors & accrued charges 4,257 6,236
Clients' funds held 138,510 157,870
Tax 24,581 14,196
Social security and other taxes 2,558 1,706
VAT 15,240 13,924
Credit card 686 1,985
189,772 209,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 22,014 22,014
Hire purchase contracts 3,663 6,592
25,677 28,606

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Other loans 1,011 11,011

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,014 22,014

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 5,198 -

Deferred
tax
£   
Provided during year 5,198
Balance at 31 March 2024 5,198

Edge Properties Ltd (Registered number: SC356422)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2023 302,787
Profit for the year 78,102
Dividends (44,509 )
At 31 March 2024 336,380