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Unaudited Financial Statements for the Year Ended 30 April 2024

for

Platinum Lettings (Scotland) Ltd.

Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Platinum Lettings (Scotland) Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G F Cope
C A Smith





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC471388 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,423 5,973

CURRENT ASSETS
Debtors 5 101,076 77,084
Cash at bank and in hand 19,114 30,650
120,190 107,734
CREDITORS
Amounts falling due within one year 6 53,448 37,476
NET CURRENT ASSETS 66,742 70,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,165

76,231

CREDITORS
Amounts falling due after more than one year 7 7,583 14,083
NET ASSETS 63,582 62,148

CAPITAL AND RESERVES
Called up share capital 8 78 78
Retained earnings 63,504 62,070
SHAREHOLDERS' FUNDS 63,582 62,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





C A Smith - Director


Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Platinum Lettings (Scotland) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 11,955
DEPRECIATION
At 1 May 2023 5,982
Charge for year 1,550
At 30 April 2024 7,532
NET BOOK VALUE
At 30 April 2024 4,423
At 30 April 2023 5,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 312
Other debtors 101,076 76,772
101,076 77,084

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,500 6,500
Trade creditors 3,158 467
Taxation and social security 26,938 18,404
Other creditors 16,852 12,105
53,448 37,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 7,583 14,083

Platinum Lettings (Scotland) Ltd. (Registered number: SC471388)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
76 "A" ordinary £1 76 76
1 "B" ordinary £1 1 2
1 "C" ordinary £1 1 -
78 78

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Share capital 3 £1 1 -