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REGISTERED NUMBER: SC431463 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 August 2024

for

St. Maura Property Company Ltd

St. Maura Property Company Ltd (Registered number: SC431463)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


St. Maura Property Company Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D Hagan
Mrs S Hagan





REGISTERED OFFICE: 4 St. Maura Gardens
Millport
Isle of Cumbrae
KA28 0HL





REGISTERED NUMBER: SC431463 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

St. Maura Property Company Ltd (Registered number: SC431463)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 148,000 148,000

CURRENT ASSETS
Cash at bank 45,791 41,718

CREDITORS
Amounts falling due within one year 5 (95,842 ) (100,824 )
NET CURRENT LIABILITIES (50,051 ) (59,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,949

88,894

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 97,947 88,892
SHAREHOLDERS' FUNDS 97,949 88,894

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





D Hagan - Director


St. Maura Property Company Ltd (Registered number: SC431463)

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

1. STATUTORY INFORMATION

St. Maura Property Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise bank and cash in hand.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

Investment properties
Investment properties are shown at their open market value. The surplus or deficit from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

St. Maura Property Company Ltd (Registered number: SC431463)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 148,000
NET BOOK VALUE
At 31 August 2024 148,000
At 31 August 2023 148,000

The valuation of the investment property was made at 31 August 2024 by the directors on an open market basis.

On a historical cost basis this property would have been included at original cost of £148,000 (2023: £148,000)

If the property was sold at valuation, no potential tax would arise (2023: NIL).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security - 2,106
Other creditors 95,842 98,718
95,842 100,824