Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312023-05-262023-05-262023-05-262023-05-262024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueNo description of principal activity42023-05-26falsefalsefalse SC770789 2023-05-25 SC770789 2023-05-26 2024-05-31 SC770789 2022-05-26 2023-05-25 SC770789 2024-05-31 SC770789 c:Director1 2023-05-26 2024-05-31 SC770789 c:Director1 2024-05-31 SC770789 c:Director2 2023-05-26 2024-05-31 SC770789 c:Director2 2024-05-31 SC770789 c:Director3 2023-05-26 2024-05-31 SC770789 c:Director3 2024-05-31 SC770789 c:Director4 2023-05-26 2024-05-31 SC770789 c:Director4 2024-05-31 SC770789 c:RegisteredOffice 2023-05-26 2024-05-31 SC770789 d:FreeholdInvestmentProperty 2023-05-26 2024-05-31 SC770789 d:FreeholdInvestmentProperty 2024-05-31 SC770789 d:CurrentFinancialInstruments 2024-05-31 SC770789 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC770789 d:ShareCapital 2024-05-31 SC770789 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC770789 c:OrdinaryShareClass1 2023-05-26 2024-05-31 SC770789 c:OrdinaryShareClass1 2024-05-31 SC770789 c:FRS102 2023-05-26 2024-05-31 SC770789 c:AuditExempt-NoAccountantsReport 2023-05-26 2024-05-31 SC770789 c:FullAccounts 2023-05-26 2024-05-31 SC770789 c:PrivateLimitedCompanyLtd 2023-05-26 2024-05-31 SC770789 e:PoundSterling 2023-05-26 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC770789










ELGIN PROPERTIES (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

 
ELGIN PROPERTIES (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Directors
Mr W Braisby (appointed 26 May 2023)
Mr R Linsday (appointed 26 May 2023)
Mr S McVicars (appointed 26 May 2023)
Mr D Smith (appointed 26 May 2023)




Registered number
SC770789



Registered office
24 Dickson Street

Dunfermline

KY12 7SN




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ELGIN PROPERTIES (SCOTLAND) LIMITED
REGISTERED NUMBER: SC770789

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
£

Fixed assets
  

Investment property
 4 
86,028

  
86,028

Current assets
  

Debtors: amounts falling due within one year
 5 
100

  
100

Creditors: amounts falling due within one year
 6 
(96,860)

Net current (liabilities)/assets
  
 
 
(96,760)

Total assets less current liabilities
  
(10,732)

  

Net (liabilities)/assets
  
(10,732)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(10,832)

  
(10,732)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2025.




Mr W Braisby
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ELGIN PROPERTIES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The Company is limited by shares and incorporated in Scotland with registration number SC770789. The registered office is 24 Dickson Street, Dunfermline, KY12 7SN. 
The Company was incorporated on 26 May 2023 and commenced trading in July 2023.
The financial statements are prepared in Sterling which is the functional currency of the Company and rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

  
2.3

Investment property

Investment property is carried at fair value and derived from the current market for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. 

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the Period was 4.

Page 2

 
ELGIN PROPERTIES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
86,028



At 31 May 2024
86,028

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
£


Other debtors
100

100



6.


Creditors: Amounts falling due within one year

2024
£

Bank loans
52,078

Other creditors
36,982

Accruals and deferred income
7,800

96,860


Secured Creditors
Bank loans falling due within one year are secured over the assets to which they relate. 


7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 ordinary shares of £1.00 each were alloted at par.


Page 3