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REGISTERED NUMBER: SC672355 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

PERRIE PROPERTIES LTD

PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PERRIE PROPERTIES LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R L Perrie
Mrs D M Perrie





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ





REGISTERED NUMBER: SC672355 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,024 17,366
Investments 5 - 70,560
Investment property 6 567,655 -
580,679 87,926

CURRENT ASSETS
Stocks 19,073 19,073
Debtors 570 313
Cash at bank 354 268,305
19,997 287,691
CREDITORS
Amounts falling due within one year 344,223 390,301
NET CURRENT LIABILITIES (324,226 ) (102,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES 256,453 (14,684 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 256,353 (14,784 )
SHAREHOLDERS' FUNDS 256,453 (14,684 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 January 2025 and were signed on its behalf by:




Mrs D M Perrie - Director



R L Perrie - Director


PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Perrie Properties 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Properties
The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

ii) No depreciation or amortisation is provided in respect of investment properties.

Included in the Retained Earnings is a non-distributable reserve of nil

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 30,873
DEPRECIATION
At 1 September 2023 13,507
Charge for year 4,342
At 31 August 2024 17,849
NET BOOK VALUE
At 31 August 2024 13,024
At 31 August 2023 17,366

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023 70,560
Disposals (70,560 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 70,560

PERRIE PROPERTIES LTD (REGISTERED NUMBER: SC672355)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 567,655
At 31 August 2024 567,655
NET BOOK VALUE
At 31 August 2024 567,655