NS PROPERTY (SCOTLAND) LTD
Statement of financial position
as at 29 February 2024
Investment property
240,000
210,000
Cash at bank and in hand
2,000
2,928
Creditors: amounts falling due within one year
(65,167)
(62,782)
Net current liabilities
(63,167)
(59,854)
Total assets less current liabilities
176,833
150,146
Creditors: amounts falling due after more than one year
(133,216)
(133,216)
Provisions for liabilities
Deferred tax
(11,174)
(5,474)
Called up share capital
100
100
Fair value reserve
47,637
23,337
Profit and loss account
(15,294)
(11,981)
Shareholders' funds
32,443
11,456
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Sarah Morson
Director
Company Registration No. SC687604
NS PROPERTY (SCOTLAND) LTD
Notes to the Accounts
for the year ended 29 February 2024
NS PROPERTY (SCOTLAND) LTD is a private company, limited by shares, registered in Scotland, registration number SC687604. The registered office is Kilmory, 18 Albert Road, Brookfield, PA5 8UE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2023
210,000
Net gain from fair value adjustments
30,000
At 29 February 2024
240,000
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,531
4,531
Loans from directors
59,936
57,551
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
133,216
133,216
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).