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REGISTERED NUMBER: SC663895 (Scotland)















Financial Statements

for the Year Ended

30th June 2024

for

Getty Properties Ltd

Getty Properties Ltd (Registered number: SC663895)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Getty Properties Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTOR: G J Getty





REGISTERED OFFICE: 5 Claypotts Terrace
Broughty Ferry
Dundee
DD5 1LD





REGISTERED NUMBER: SC663895 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Getty Properties Ltd (Registered number: SC663895)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,566 -
Investment property 5 118,154 117,277
128,720 117,277

CURRENT ASSETS
Debtors 6 969 9,462
Cash at bank 193 2,866
1,162 12,328
CREDITORS
Amounts falling due within one year 7 95,306 98,905
NET CURRENT LIABILITIES (94,144 ) (86,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,576

30,700

PROVISIONS FOR LIABILITIES 3,103 2,936
NET ASSETS 31,473 27,764

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 8 710 -
Retained earnings 30,762 27,763
SHAREHOLDERS' FUNDS 31,473 27,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Getty Properties Ltd (Registered number: SC663895)

Balance Sheet - continued
30th 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 director and authorised for issue on 26th March 2025 and were signed by:





G J Getty - Director


Getty Properties Ltd (Registered number: SC663895)

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

1. STATUTORY INFORMATION

Getty Properties 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.

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.
Plant and machinery etc - Straight line over 5 years

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Getty Properties Ltd (Registered number: SC663895)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 - 800 800
Additions 10,700 - 10,700
At 30th June 2024 10,700 800 11,500
DEPRECIATION
At 1st July 2023 - 800 800
Charge for year 134 - 134
At 30th June 2024 134 800 934
NET BOOK VALUE
At 30th June 2024 10,566 - 10,566
At 30th June 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 117,277
Revaluations 877
At 30th June 2024 118,154
NET BOOK VALUE
At 30th June 2024 118,154
At 30th June 2023 117,277

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2021 101,824
Valuation in 2022 15,453
Valuation in 2024 877
118,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 969 9,462

Getty Properties Ltd (Registered number: SC663895)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security (1,793 ) 1,856
Other creditors 97,099 97,049
95,306 98,905

8. RESERVES
Non-distributable
reserves
£   
Current year 710

At 30th June 2024 710

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Getty Properties Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Getty Properties Ltd for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Getty Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Getty Properties Ltd and state those matters that we have agreed to state to the director of Getty Properties Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Getty Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Getty Properties Ltd. You consider that Getty Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Getty Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB


26th March 2025