GAILLY PROPERTIES LTD

Company Registration Number:
SC679333 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

GAILLY PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

GAILLY PROPERTIES LTD

Company Information

for the Period Ended 31 October 2024




Director: Gail Scott
Registered office: 46 Tylers Acre Avenue
Edinburgh
GB-SCT
EH12 7JE
Company Registration Number: SC679333 (Scotland)

GAILLY PROPERTIES LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 849 1,062
Tangible assets: 5 210,100 210,100
Total fixed assets: 210,949 211,162
Current assets
Debtors: 150 150
Cash at bank and in hand: 6,976 6,885
Total current assets: 7,126 7,035
Creditors: amounts falling due within one year: ( 65,867 ) ( 66,482 )
Net current assets (liabilities): ( 58,741 ) ( 59,447 )
Total assets less current liabilities: 152,208 151,715
Creditors: amounts falling due after more than one year: ( 150,995 ) ( 150,995 )
Total net assets (liabilities): 1,213 720

The notes form part of these financial statements

GAILLY PROPERTIES LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,212 719
Shareholders funds: 1,213 720

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 March 2025
And Signed On Behalf Of The Board By:

Name: Gail Scott
Status: Director

The notes form part of these financial statements

GAILLY PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GAILLY PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

GAILLY PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

GAILLY PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 November 2023 1,062
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 October 2024 1,062
    Amortisation
    Charge for year 213
    On disposals -
    Other adjustments -
    Amortisation at 31 October 2024 213
    Net book value
    Net book value at 31 October 2024 849
    Net book value at 31 October 2023 1,062

GAILLY PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Tangible Assets

Total
Cost £
At 01 November 2023 210,100
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2024 210,100
Depreciation
At 01 November 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 October 2024 -
Net book value
At 31 October 2024 210,100
At 31 October 2023 210,100