1 July 2023 false No description of principal activity Taxfiler 2024.6 SC728663business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC7286632023-06-30 SC7286632023-07-012024-06-30 SC728663business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC728663business:FilletedAccounts2023-07-012024-06-30 SC7286632024-06-30 SC728663business:Director12023-07-012024-06-30 SC728663business:Director22023-07-012024-06-30 SC728663business:RegisteredOffice2023-07-012024-06-30 SC7286632023-06-30 SC728663core:WithinOneYear2024-06-30 SC728663core:WithinOneYear2023-06-30 SC728663core:AfterOneYear2024-06-30 SC728663core:AfterOneYear2023-06-30 SC728663core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC728663core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC728663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC728663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC728663core:PreviouslyStatedAmount2024-06-30 SC728663core:PreviouslyStatedAmount2023-06-30 SC728663business:SmallEntities2023-07-012024-06-30 SC728663countries:Scotland2023-07-012024-06-30 SC728663core:LandBuildings2023-07-012024-06-30 SC728663core:LandBuildings2023-06-30 SC728663core:FurnitureFittings2023-06-30 SC728663core:FurnitureFittings2023-07-012024-06-30 SC728663core:LandBuildings2024-06-30 SC728663core:FurnitureFittings2024-06-30 SC7286632022-04-052023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC728663 (Scotland)
PARKHEAD COMMERCIAL PROPERTY LIMITED Unaudited accounts for the year ended 30 June 2024
PARKHEAD COMMERCIAL PROPERTY LIMITED Unaudited accounts Contents
Page
- 2 -
PARKHEAD COMMERCIAL PROPERTY LIMITED Company Information for the year ended 30 June 2024
Directors
Francis Dunn Alexander Edward Butler
Company Number
SC728663 (Scotland)
Registered Office
1245 LONDON ROAD GLASGOW G40 3HW SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
- 3 -
PARKHEAD COMMERCIAL PROPERTY LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
188,152 
180,000 
Current assets
Cash at bank and in hand
- 
9,594 
Creditors: amounts falling due within one year
(8,038)
(16,468)
Net current liabilities
(8,038)
(6,874)
Total assets less current liabilities
180,114 
173,126 
Creditors: amounts falling due after more than one year
(172,965)
(170,016)
Net assets
7,149 
3,110 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
7,147 
3,108 
Shareholders' funds
7,149 
3,110 
For the year ending 30 June 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 31 January 2025 and were signed on its behalf by
Francis Dunn Director Company Registration No. SC728663
- 4 -
PARKHEAD COMMERCIAL PROPERTY LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PARKHEAD COMMERCIAL PROPERTY LIMITED is a private company, limited by shares, registered in Scotland, registration number SC728663. The registered office is 1245 LONDON ROAD, GLASGOW, G40 3HW, SCOTLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
180,000 
- 
180,000 
Additions
- 
10,190 
10,190 
At 30 June 2024
180,000 
10,190 
190,190 
Depreciation
Charge for the year
- 
2,038 
2,038 
At 30 June 2024
- 
2,038 
2,038 
Net book value
At 30 June 2024
180,000 
8,152 
188,152 
At 30 June 2023
180,000 
- 
180,000 
- 5 -
PARKHEAD COMMERCIAL PROPERTY LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7 
- 
VAT
1,466 
1,533 
Amounts owed to group undertakings and other participating interests
98 
9,596 
Taxes and social security
- 
729 
Loans from directors
6,467 
4,610 
8,038 
16,468 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
172,965 
170,016 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -