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Company Registration No. SC087684 (Scotland)
Greenfield Properties (Perth) Limited Unaudited accounts for the year ended 31 May 2024
Greenfield Properties (Perth) Limited Unaudited accounts Contents
Page
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Greenfield Properties (Perth) Limited Company Information for the year ended 31 May 2024
Directors
Dennis Robb Denise McLeary Lesley Stevenson Lindsay Robb
Company Number
SC087684 (Scotland)
Registered Office
4 Albert Place Perth PH2 8JE United Kingdom
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Greenfield Properties (Perth) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
24 
Investment property
1,889,651 
1,889,651 
1,889,651 
1,889,675 
Current assets
Debtors
27,063 
28,957 
Cash at bank and in hand
200,650 
169,542 
227,713 
198,499 
Creditors: amounts falling due within one year
(18,269)
(11,970)
Net current assets
209,444 
186,529 
Total assets less current liabilities
2,099,095 
2,076,204 
Creditors: amounts falling due after more than one year
(777,750)
(783,582)
Provisions for liabilities
Deferred tax
(139,691)
(139,691)
Net assets
1,181,654 
1,152,931 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
805,798 
805,798 
Profit and loss account
375,854 
347,131 
Shareholders' funds
1,181,654 
1,152,931 
For the year ending 31 May 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 20 December 2024 and were signed on its behalf by
Dennis Robb Director Company Registration No. SC087684
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Greenfield Properties (Perth) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Greenfield Properties (Perth) Limited is a private company, limited by shares, registered in Scotland, registration number SC087684. The registered office is 4 Albert Place, Perth, PH2 8JE, United Kingdom.
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:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
366 
At 31 May 2024
366 
Depreciation
At 1 June 2023
342 
Charge for the year
24 
At 31 May 2024
366 
Net book value
At 31 May 2024
- 
At 31 May 2023
24 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
1,889,651 
At 31 May 2024
1,889,651 
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Greenfield Properties (Perth) Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,221 
2,833 
Other debtors
23,842 
26,124 
27,063 
28,957 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,938 
2,884 
Trade creditors
- 
1,868 
Taxes and social security
10,671 
5,150 
Accruals
1,660 
2,068 
18,269 
11,970 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
777,750 
783,582 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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