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REGISTERED NUMBER: SC237438 (Scotland)















Highland Property Services (Scotland)
Limited

Financial Statements For The Period 1 October 2023 to 31 January 2025






Highland Property Services (Scotland)
Limited (Registered number: SC237438)






Contents of the Financial Statements
For The Period 1 October 2023 to 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Highland Property Services (Scotland)
Limited

Company Information
For The Period 1 October 2023 to 31 January 2025







DIRECTORS: J Armour
N J Tannahill





REGISTERED OFFICE: 14 Beinn Ghuilbinn
Aviemore
PH22 1LB





REGISTERED NUMBER: SC237438 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Balance Sheet
31 January 2025

31.1.25 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,681 7,392
3,681 7,392

CURRENT ASSETS
Debtors 6 2,574 3,022
Cash at bank 31,216 143,704
33,790 146,726
CREDITORS
Amounts falling due within one year 7 27,949 117,714
NET CURRENT ASSETS 5,841 29,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,522

36,404

PROVISIONS FOR LIABILITIES 8 702 1,472
NET ASSETS 8,820 34,932

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 8,818 34,930
SHAREHOLDERS' FUNDS 8,820 34,932

Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Balance Sheet - continued
31 January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

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 25 February 2025 and were signed on its behalf by:





J Armour - Director


Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Notes to the Financial Statements
For The Period 1 October 2023 to 31 January 2025

1. STATUTORY INFORMATION

Highland Property Services (Scotland) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2009. After initially being amortised evenly over its initial estimated useful life of twenty years, the remainder is now being amortised evenly over its remaining estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Notes to the Financial Statements - continued
For The Period 1 October 2023 to 31 January 2025

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 31 January 2025 32,500
AMORTISATION
At 1 October 2023
and 31 January 2025 32,500
NET BOOK VALUE
At 31 January 2025 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023 15,974
Disposals (7,067 )
At 31 January 2025 8,907
DEPRECIATION
At 1 October 2023 8,582
Charge for period 921
Eliminated on disposal (4,277 )
At 31 January 2025 5,226
NET BOOK VALUE
At 31 January 2025 3,681
At 30 September 2023 7,392

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 30.9.23
£    £   
Trade debtors 1,243 939
Other debtors 1,331 2,083
2,574 3,022

Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Notes to the Financial Statements - continued
For The Period 1 October 2023 to 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 30.9.23
£    £   
Trade creditors 7,071 40,168
Taxation and social security 16,993 29,279
Other creditors 3,885 48,267
27,949 117,714

8. PROVISIONS FOR LIABILITIES
31.1.25 30.9.23
£    £   
Deferred tax 702 1,472

Deferred
tax
£   
Balance at 1 October 2023 1,472
Provided during period (770 )
Balance at 31 January 2025 702

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 30.9.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2023 34,930
Profit for the period 51,196
Dividends (77,308 )
At 31 January 2025 8,818

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £77,308 (2023 - £64,000) were paid to the directors .

Highland Property Services (Scotland)
Limited (Registered number: SC237438)

Notes to the Financial Statements - continued
For The Period 1 October 2023 to 31 January 2025

11. RELATED PARTY DISCLOSURES - continued

J Armour
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

31.1.25 30.9.23
£    £   
Amount due to related party at the balance sheet date - 5,814

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Highland Property Services (Scotland)
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Highland Property Services (Scotland) Limited for the period ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Highland Property Services (Scotland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Highland Property Services (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Highland Property Services (Scotland) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Highland Property Services (Scotland) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Highland Property Services (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Highland Property Services (Scotland) Limited. You consider that Highland Property Services (Scotland) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Highland Property Services (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


25 February 2025