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Registered Number: SC600903
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 June 2024

for

GTM PROPERTY RENTALS LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 336,887  336,887 
Current assets 93,125  106,373 
Creditors: amount falling due within one year (2,480) (20,196)
Net current assets 90,645  86,177 
Total assets less current liabilities 427,532  423,064 
Creditors: amount falling due after more than one year (454,686) (454,669)
Net assets (27,154) (31,605)
 
Capital and reserves (27,154) (31,605)
 
  1. For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Gordon Thomas Mclellan
Director

Date approved: 08 January 2025
1
Statutory Information
GTM PROPERTY RENTALS LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC600903, registration address 52 Wilson Street, Motherwell, United Kingdom, ML1 1NP, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 July 2023 336,887    336,887 
Additions  
Disposals  
At 30 June 2024 336,887    336,887 
Depreciation
At 01 July 2023  
Charge for year  
On disposals  
At 30 June 2024  
Net book values
Closing balance as at 30 June 2024 336,887    336,887 
Opening balance as at 01 July 2023 336,887    336,887 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2