SEAL PROPERTY (SCOTLAND) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Company registration number SC577407 (Scotland)
PAGES FOR FILING WITH REGISTRAR
SEAL PROPERTY (SCOTLAND) LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
911,483
913,769
Current assets
12,910
12,490
Creditors: amounts falling due within one year
(2,357)
(2,814)
Net current assets
10,553
9,676
Total assets less current liabilities
922,036
923,445
Creditors: amounts falling due after more than one year
(933,303)
(921,820)
Net (liabilities)/assets
(11,267)
1,625
Capital and reserves
(11,267)
1,625
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
2
Related party transactions
Included in creditors is a balance of £933,303 (2023 - £921,820) due to one of the directors. There are no fixed terms for the repayment of this amount, which does not bear interest.
3
Going concern
The company has net liabilities at 30 September 2024 of £11,267. The directors have indicated their willingness to provide financial support to the company and for this reason the going concern basis is considered appropriate for the preparation of the financial statements.
Seal Property (Scotland) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 12 Netherby Drive, Pollokshields, Glasgow, G41 5JA.
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
SEAL PROPERTY (SCOTLAND) LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 January 2025 and are signed on its behalf by:
Mr Stuart Leitch
Director
Company registration number SC577407 (Scotland)