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REGISTERED NUMBER: SC121243 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HOLBURN PROPERTIES LIMITED

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLBURN PROPERTIES LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: W Middleton
Mrs J M Middleton
G J Middleton
J W Middleton





SECRETARY: Mrs J M Middleton





REGISTERED OFFICE: 26 Seafield Drive West
Aberdeen
AB15 7XA





REGISTERED NUMBER: SC121243 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,497 18,746
Investment property 5 1,140,360 2,013,360
1,152,857 2,032,106

CURRENT ASSETS
Cash at bank 6,287 1,550

CREDITORS
Amounts falling due within one year 6 43,089 48,637
NET CURRENT LIABILITIES (36,802 ) (47,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,055

1,985,019

CREDITORS
Amounts falling due after more than one
year

7

(201,106

)

(217,132

)

PROVISIONS FOR LIABILITIES 9 (2,374 ) (3,562 )
NET ASSETS 912,575 1,764,325

CAPITAL AND RESERVES
Called up share capital 10 3 3
Revaluation reserve 11 343,121 1,216,121
Retained earnings 11 569,451 548,201
SHAREHOLDERS' FUNDS 912,575 1,764,325

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

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

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Balance Sheet - continued
31 MAY 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 24 February 2025 and were signed on its behalf by:





Mrs J M Middleton - Director


HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Holburn Properties Limited 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 75,120 44,783 260 120,163
DEPRECIATION
At 1 June 2023 75,120 26,037 260 101,417
Charge for year - 6,249 - 6,249
At 31 May 2024 75,120 32,286 260 107,666
NET BOOK VALUE
At 31 May 2024 - 12,497 - 12,497
At 31 May 2023 - 18,746 - 18,746

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,013,360
Revaluations (873,000 )
At 31 May 2024 1,140,360
NET BOOK VALUE
At 31 May 2024 1,140,360
At 31 May 2023 2,013,360

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 (873,000 )
Cost 2,013,360
1,140,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 23,140 33,074
Hire purchase contracts 5,499 5,499
Trade creditors 2,513 3,929
Tax 6,935 2,261
Directors' current accounts 1,944 816
Accrued expenses 3,058 3,058
43,089 48,637

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 193,774 204,302
Hire purchase contracts 7,332 12,830
201,106 217,132

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 216,914 237,376

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 2,374 3,562

Deferred
tax
£   
Balance at 1 June 2023 3,562
Accelerated capital allowances (1,188 )
Balance at 31 May 2024 2,374

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
30,000 Ordinary 0.01p 3 3

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 548,201 1,216,121 1,764,322
Profit for the year 21,250 21,250
Property - (873,000 ) (873,000 )
At 31 May 2024 569,451 343,121 912,572

HOLBURN PROPERTIES LIMITED (REGISTERED NUMBER: SC121243)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

12. RELATED PARTY DISCLOSURES

During the year Greg Middleton company director issued invoices to Holburn Properties Ltd to the value of £3,400.00.

During the year Jack Middleton company director issued invoices to Holburn Properties Ltd under the company name of J C Leasing Ltd of which he is also a director to the value of £2,200.00.