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REGISTERED NUMBER: SC766456 (Scotland)















FINANCIAL STATEMENTS FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024

FOR

SPEYSIDE PROPERTY MANAGEMENT LTD

SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPEYSIDE PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024







DIRECTOR: Mrs J Booth



REGISTERED OFFICE: Unit 17-3
Spey Valley Business Park
Dalfaber Drive
Aviemore
PH22 1ST



REGISTERED NUMBER: SC766456 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: Monzo Bank Limited
Broadwalk House
5 Appold Street
London
EC2A 2AG

SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 36,000
Tangible assets 5 79,636
115,636

CURRENT ASSETS
Stocks 38,760
Debtors 6 24,361
Cash at bank 3,830
66,951
CREDITORS
Amounts falling due within one year 7 61,936
NET CURRENT ASSETS 5,015
TOTAL ASSETS LESS CURRENT LIABILITIES 120,651

CREDITORS
Amounts falling due after more than one
year

8

101,710
NET ASSETS 18,941

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 22,000
Profit & loss account -
distributable (3,059 )
SHAREHOLDERS' FUNDS 18,941

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Mrs J Booth - Director


SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Speyside Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under the going concern basis as in the opinion of the director there is adequate finance available to the company in order to continue in operation for the foreseeable future.

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, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on cost
Motor vehicles - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 40,000
At 31 March 2024 40,000
AMORTISATION
Charge for period 4,000
At 31 March 2024 4,000
NET BOOK VALUE
At 31 March 2024 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 112,265
At 31 March 2024 112,265
DEPRECIATION
Charge for period 32,629
At 31 March 2024 32,629
NET BOOK VALUE
At 31 March 2024 79,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,701
Other debtors 20,660
24,361

SPEYSIDE PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: SC766456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 APRIL 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 43,374
Other creditors 18,562
61,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 101,710

Included in Other Creditors is a loan from the Director, Mrs J Booth. At the balance sheet date this loan amounted to £101,710. The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 44,028
Between one and five years 132,082
176,110

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mrs J Booth, by virtue of her 100% ownership of the issued Ordinary Share Capital.