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REGISTERED NUMBER: SC640166 (Scotland)

















Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024

for

York Place Property Company Limited

York Place Property Company Limited (Registered number: SC640166)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


York Place Property Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Grierson





REGISTERED OFFICE: 14 Rutland Square
Edinburgh
EH1 2BD





REGISTERED NUMBER: SC640166 (Scotland)





ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

York Place Property Company Limited (Registered number: SC640166)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 208,366 91,525
Cash at bank and in hand 107 21,824
208,473 113,349
CREDITORS
Amounts falling due within one year 307,533 131,538
NET CURRENT LIABILITIES (99,060 ) (18,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,060

)

(18,189

)

CREDITORS
Amounts falling due after more than one
year

5

11,482

13,704
NET LIABILITIES (110,542 ) (31,893 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (110,642 ) (31,993 )
(110,542 ) (31,893 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2025 and were signed on its behalf by:





C Grierson - Director


York Place Property Company Limited (Registered number: SC640166)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

York Place Property Company 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.

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 historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

At the year end the company was insolvent and it relies on the financial support of the director and shareholders. The director and the shareholders have confirmed that they will continue to provide adequate support for the foreseeable future and the director considers it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of Property Management Services.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 statement of financial position date.


York Place Property Company Limited (Registered number: SC640166)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 statement of financial position 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.

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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director will continue to support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 142,573 42,648

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Other loans more 5yrs instal 2,593 4,815

6. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £48,258 (2023: £42,648) owed by Sup Drinks Ltd, a company in which C Grierson, director, is also a director.

Included in other creditors is an amount of £30,450 (2023 £4,600) owed to Nightcap Scotland Ltd, a company in which C Grierson, director, is also a director.

Included within other creditors is an amount of £50,172 ( 2023 £31,950) owed to St Vincent Bar Scotland Limited, a company in which C Grierson, director, is also a director.