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REGISTERED NUMBER: SC716690 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STRATHMORE PROPERTY HOLDINGS LTD

STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)






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


STRATHMORE PROPERTY HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Goldie
A Goldie





REGISTERED OFFICE: 4 Strathmore Road
Hamilton
South Lanarkshire
ML3 6AQ





REGISTERED NUMBER: SC716690 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,005 5,606
Investment property 5 80,000 78,000
85,005 83,606

CURRENT ASSETS
Debtors 6 950 59,672
Cash at bank 62,564 2,007
63,514 61,679
CREDITORS
Amounts falling due within one year 7 2,644 2,160
NET CURRENT ASSETS 60,870 59,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,875

143,125

CREDITORS
Amounts falling due after more than one
year

8

149,000

149,000
NET LIABILITIES (3,125 ) (5,875 )

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 8,240 6,240
Retained earnings (11,367 ) (12,117 )
SHAREHOLDERS' FUNDS (3,125 ) (5,875 )

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.

STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

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 26 February 2025 and were signed on its behalf by:





J Goldie - Director


STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

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

1. STATUTORY INFORMATION

Strathmore Property Holdings 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 10% on reducing balance

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.

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.


STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are completed. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Rental income
Rental income leased out under operating leases is recognised on a straight-line basis over the term of the lease.

Going concern
The company will continue to trade with the ongoing support of the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Property
improvements
£   
COST
At 1 June 2023
and 31 May 2024 6,006
DEPRECIATION
At 1 June 2023 400
Charge for year 601
At 31 May 2024 1,001
NET BOOK VALUE
At 31 May 2024 5,005
At 31 May 2023 5,606

STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 78,000
Revaluations 2,000
At 31 May 2024 80,000
NET BOOK VALUE
At 31 May 2024 80,000
At 31 May 2023 78,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 6,240
Valuation in 2024 2,000
Cost 71,760
80,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 950 59,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 2,644 2,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 60,000 60,000
Other creditors 89,000 89,000
149,000 149,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 60,000 60,000

STRATHMORE PROPERTY HOLDINGS LTD (REGISTERED NUMBER: SC716690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023 6,240
Movement in fair value 2,000

At 31 May 2024 8,240

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

31.5.24 31.5.23
£    £   
J Goldie and A Goldie
Balance outstanding at start of year 310 -
Amounts advanced 454 312
Amounts repaid - (2 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 764 310

11. RELATED PARTY DISCLOSURES

A Goldie is the 100% shareholder of Strathmore Smile Ltd. Included within other creditors is a balance of £75,000 (2023: £75,000) due to the company.This loan is interest free and repayable on demand.

J Goldie is the 100% shareholder of Strathmore Cost Consultants Ltd. Included within other creditors is a balance of £14,000 (2023: £14,000) due to the company.This loan is interest free and repayable on demand.