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Unaudited Financial Statements for the Year Ended 30 April 2024

for

Platinum Developments (Scotland) Ltd.

Platinum Developments (Scotland) Ltd. (Registered number: SC549847)






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 Developments (Scotland) Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G F Cope
C A Smith





REGISTERED OFFICE: 157 Kilmarnock Road
Glasgow
G41 3JE





REGISTERED NUMBER: SC549847 (Scotland)





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

Platinum Developments (Scotland) Ltd. (Registered number: SC549847)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,468 150,468

CURRENT ASSETS
Debtors 5 10,558 6,365
Cash at bank 42,564 62,714
53,122 69,079
CREDITORS
Amounts falling due within one year 6 82,990 165,966
NET CURRENT LIABILITIES (29,868 ) (96,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,600

53,581

CREDITORS
Amounts falling due after more than one year 7 75,995 -
NET ASSETS 44,605 53,581

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 44,603 53,579
SHAREHOLDERS' FUNDS 44,605 53,581

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 Developments (Scotland) Ltd. (Registered number: SC549847)

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:





G F Cope - Director


Platinum Developments (Scotland) Ltd. (Registered number: SC549847)

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

1. STATUTORY INFORMATION

Platinum Developments (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.
Land and buildings - not provided

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 Developments (Scotland) Ltd. (Registered number: SC549847)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023
and 30 April 2024 150,468
NET BOOK VALUE
At 30 April 2024 150,468
At 30 April 2023 150,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 10,558 6,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 75,995
Taxation and social security - 5,837
Other creditors 82,990 84,134
82,990 165,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 75,995 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Mortgage 75,995 75,995

The lenders hold a security over one of the properties owned by the company.

Platinum Developments (Scotland) Ltd. (Registered number: SC549847)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary A £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
G F Cope
Balance outstanding at start of year - -
Amounts advanced 2,813 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,813 -

C A Smith
Balance outstanding at start of year - -
Amounts advanced 1,668 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,668 -