Company Registration No. SC602867 (Scotland)
PINK DOOR DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
PINK DOOR DEVELOPMENTS LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,567
6,186
Investment properties
3
300,000
300,000
305,567
306,186
Current assets
Debtors
4
29,059
1,062
Cash at bank and in hand
8,526
22,128
37,585
23,190
Creditors: amounts falling due within one year
5
(7,858)
(11,178)
Net current assets
29,727
12,012
Total assets less current liabilities
335,294
318,198
Creditors: amounts falling due after more than one year
6
(188,325)
(189,225)
Provisions for liabilities
7
(22,352)
(22,470)
Net assets
124,617
106,503
Capital and reserves
Called up share capital
2
2
Fair value reserve
8
90,780
90,780
Profit and loss reserve
33,835
15,721
Total equity
124,617
106,503
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PINK DOOR DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 March 2025 and are signed on its behalf by:
Mr J L Mitchell
Director
Company Registration No. SC602867
PINK DOOR DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
2
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 August 2023 and 31 July 2024
7,981
Depreciation and impairment
At 1 August 2023
1,795
Depreciation charged in the year
619
At 31 July 2024
2,414
Carrying amount
At 31 July 2024
5,567
At 31 July 2023
6,186
3
Investment property
2024
£
Fair value
At 1 August 2023 and 31 July 2024
300,000
The freehold investment properties were revalued on 31 July 2024 by the directors on an existing use open market value basis of £300,000.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
27,997
Prepayments and accrued income
1,062
1,062
29,059
1,062
PINK DOOR DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts (secured)
900
900
Trade creditors
5,242
Corporation tax
5,188
1,748
Directors current accounts
-
1,488
Accruals and deferred income
1,770
1,800
7,858
11,178
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts (secured)
188,325
189,225
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
22,352
22,470
8
Fair value reserve
2024
2023
£
£
At the beginning of the year
90,780
66,480
Transfer of non-distributable profits
-
24,300
At the end of the year
90,780
90,780
9
Directors' transactions
Included within other debtors is an interest free loan amounting to £25,997 (2023: £1,488, a creditor) to the director. The maximum outstanding during the year was £25,997.