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Company Registration No. SC672106 (Scotland)
Foulis Property Limited Unaudited accounts for the year ended 31 August 2024
Foulis Property Limited Unaudited accounts Contents
Page
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Foulis Property Limited Company Information for the year ended 31 August 2024
Director
Kevin Munro
Company Number
SC672106 (Scotland)
Registered Office
94 HOPE STREET SUITE 2.11 GLASGOW G2 6PH SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Foulis Property Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
313,125 
177,445 
Current assets
Cash at bank and in hand
4,554 
126,387 
Creditors: amounts falling due within one year
(6,525)
(7,263)
Net current (liabilities)/assets
(1,971)
119,124 
Total assets less current liabilities
311,154 
296,569 
Creditors: amounts falling due after more than one year
(320,507)
(308,229)
Net liabilities
(9,353)
(11,660)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,453)
(11,760)
Shareholders' funds
(9,353)
(11,660)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2025 and were signed on its behalf by
Kevin Munro Director Company Registration No. SC672106
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Foulis Property Limited is a private company, limited by shares, registered in Scotland, registration number SC672106. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2023
177,445 
Additions
135,680 
At 31 August 2024
313,125 
Depreciation
At 31 August 2024
- 
Net book value
At 31 August 2024
313,125 
At 31 August 2023
177,445 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,675 
6,413 
Other creditors
850 
850 
6,525 
7,263 
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
92,342 
103,317 
Other creditors
225,635 
178,000 
Loans from directors
2,530 
26,912 
320,507 
308,229 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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