1 March 2023 false No description of principal activity Taxfiler 2024.6 SC687604business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC6876042023-02-28 SC6876042023-03-012024-02-29 SC687604business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC687604business:FilletedAccounts2023-03-012024-02-29 SC6876042024-02-29 SC6876042023-02-28 SC687604core:WithinOneYear2024-02-29 SC687604core:WithinOneYear2023-02-28 SC687604core:AfterOneYear2024-02-29 SC687604core:AfterOneYear2023-02-28 SC687604core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC687604core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC687604core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-02-29 SC687604core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-02-28 SC687604core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC687604core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC687604core:PreviouslyStatedAmount2024-02-29 SC687604core:PreviouslyStatedAmount2023-02-28 SC687604business:SmallEntities2023-03-012024-02-29 SC687604business:Director22023-03-012024-02-29 SC687604countries:Scotland2023-03-012024-02-29 SC687604business:RegisteredOffice2023-03-012024-02-29 SC6876042022-03-012023-02-28 iso4217:GBP xbrli:pure
NS PROPERTY (SCOTLAND) LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
240,000 
210,000 
Current assets
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)
Net assets
32,443 
11,456 
Capital and reserves
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
- 1 -
NS PROPERTY (SCOTLAND) LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
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 
Accruals
700 
700 
65,167 
62,782 
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).
- 2 -