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REGISTERED NUMBER: SC304578 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Brucklay Property Management Ltd

Brucklay Property Management Ltd (Registered number: SC304578)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brucklay Property Management Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: F R McLay
Mrs L C McLay





SECRETARY: Mrs L C McLay





REGISTERED OFFICE: Sawmill Cottage
Brucklay
Maud
PETERHEAD
Aberdeenshire
AB42 4RB





REGISTERED NUMBER: SC304578 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Brucklay Property Management Ltd (Registered number: SC304578)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,233 211,095

CURRENT ASSETS
Cash at bank 2,823 3,105

CREDITORS
Amounts falling due within one year 5 16,730 12,912
NET CURRENT LIABILITIES (13,907 ) (9,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,326

201,288

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 199,226 201,188
SHAREHOLDERS' FUNDS 199,326 201,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brucklay Property Management Ltd (Registered number: SC304578)

Balance Sheet - continued
30 June 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 23 March 2025 and were signed on its behalf by:




F R McLay - Director



Mrs L C McLay - Director


Brucklay Property Management Ltd (Registered number: SC304578)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brucklay 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Brucklay Property Management Ltd (Registered number: SC304578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 205,563 14,952 8,971
Additions - - -
At 30 June 2024 205,563 14,952 8,971
DEPRECIATION
At 1 July 2023 - 10,638 7,941
Charge for year - 863 249
At 30 June 2024 - 11,501 8,190
NET BOOK VALUE
At 30 June 2024 205,563 3,451 781
At 30 June 2023 205,563 4,314 1,030

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 - 4,321 233,807
Additions 3,250 - 3,250
At 30 June 2024 3,250 4,321 237,057
DEPRECIATION
At 1 July 2023 - 4,133 22,712
Charge for year - - 1,112
At 30 June 2024 - 4,133 23,824
NET BOOK VALUE
At 30 June 2024 3,250 188 213,233
At 30 June 2023 - 188 211,095

Brucklay Property Management Ltd (Registered number: SC304578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 265
Tax - 737
Social security and other taxes - 570
Directors' current accounts 15,825 10,436
Accrued expenses 905 904
16,730 12,912