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REGISTERED NUMBER: SC635904 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

HOSS PROPERTY LIMITED

HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

HOSS PROPERTY LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S F Burt





REGISTERED OFFICE: 8 Rubislaw Den South
Aberdeen
AB15 4BB





REGISTERED NUMBER: SC635904 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,365 33,147
Investment property 5 424,778 424,778
441,143 457,925

CURRENT ASSETS
Debtors 6 1,721 6,103
Cash at bank 1,482 1,668
3,203 7,771
CREDITORS
Amounts falling due within one year 7 44,167 44,530
NET CURRENT LIABILITIES (40,964 ) (36,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,179

421,166

CREDITORS
Amounts falling due after more than one year 8 (407,725 ) (421,314 )

PROVISIONS FOR LIABILITIES (47,560 ) (34,736 )
NET LIABILITIES (55,106 ) (34,884 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (55,206 ) (34,984 )
SHAREHOLDERS' FUNDS (55,106 ) (34,884 )

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

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

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 9 March 2025 and were signed by:





S F Burt - Director


HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)

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

1. STATUTORY INFORMATION

Hoss Property 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Rental income is recognised for the period to which it relates to. Any rentals invoiced in advance are deferred accordingly over the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is carried at investment cost which represents fair value. No depreciation is provided.

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.


HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 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
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 47,340 19,791 67,131
DEPRECIATION
At 1 August 2023 19,725 14,259 33,984
Charge for year 11,835 4,947 16,782
At 31 July 2024 31,560 19,206 50,766
NET BOOK VALUE
At 31 July 2024 15,780 585 16,365
At 31 July 2023 27,615 5,532 33,147

Included within Motor Vehicles is £15,780 (2023 - £27,615) of asset held under finance lease agreements.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 424,778
NET BOOK VALUE
At 31 July 2024 424,778
At 31 July 2023 424,778

HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY - continued

The value of the investment property has been arrived at on the basis of a valuation carried out at 10 September 2019 by JE Shepherd Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors believe that this valuation still represents the fair value of the investment property as at 31 July 2023 of £410,000 (31 July 2022: £410,000).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,482 5,897
Prepayments and accrued income 239 206
1,721 6,103

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,563 4,563
Other loans 14,944 12,718
Tax (4 ) 356
Social security and other taxes 1,857 2,008
VAT 10,583 12,448
Accruals and deferred income 12,224 12,437
44,167 44,530

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase - 1-2 years 27,367 31,930
Other loans - 1-2 years 60,159 71,679
Directors' loan accounts 320,199 317,705
407,725 421,314

The long-term loans are secured by fixed charges over 115 Grandholm Drive, Aberdeen, AB22 8AE.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2023 (34,984 )
Deficit for the year (20,222 )
At 31 July 2024 (55,206 )

HOSS PROPERTY LIMITED (REGISTERED NUMBER: SC635904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. RELATED PARTY TRANSACTIONS

During the period, the company made advances to the director of £31,723 (2023: £69,497). Credits were received of £34,216 (2023: £46,987) and interest was charged on the loan of £22,777 (2023: £24,696). Amounts due to the director at the period end were of £320,199 (2023: £317,706). The loan is unsecured, interest is charged at 7.5% per year, with no fixed repayment terms in place. The interest was accrued at the year end.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Hoss Property Limited

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 Hoss Property Limited for the year ended 31 July 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 Hoss Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hoss Property Limited and state those matters that we have agreed to state to the director of Hoss Property Limited 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 Hoss Property Limited 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 loss of Hoss Property Limited. You consider that Hoss Property Limited 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 Hoss Property Limited. 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.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


9 March 2025