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REGISTERED NUMBER: SC696299 (Scotland)




















Platform Investment Solutions Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Platform Investment Solutions Limited (Registered number: SC696299)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Platform Investment Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R J R Wright
N Wright



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Lothian
EH3 6AT



REGISTERED NUMBER: SC696299 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Barclays
10-15 Princes Street
Edinburgh
EH2 2AN

Platform Investment Solutions Limited (Registered number: SC696299)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 777,124 604,580

CURRENT ASSETS
Debtors 5 8,818 5,886
Cash at bank 69,079 3,449
77,897 9,335
CREDITORS
Amounts falling due within one year 6 359,268 352,906
NET CURRENT LIABILITIES (281,371 ) (343,571 )
TOTAL ASSETS LESS CURRENT LIABILITIES 495,753 261,009

CREDITORS
Amounts falling due after more than one
year

7

500,699

267,803
NET LIABILITIES (4,946 ) (6,794 )

Platform Investment Solutions Limited (Registered number: SC696299)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 9 (9,062 ) (11,188 )
Retained earnings 9 4,106 4,384
(4,946 ) (6,794 )

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

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

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 17 April 2025 and were signed on its behalf by:





R J R Wright - Director


Platform Investment Solutions Limited (Registered number: SC696299)

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

1. STATUTORY INFORMATION

Platform Investment Solutions 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.

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 and revenue recognition
Turnover represents gross invoiced rental income.

Rent is recognised in accordance with the lease agreement.

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in
fair value are recognised in the profit and loss account for the year. A reduction in value due to
fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the
property is sold and at the year end is included in the fair value reserve with the relevant change in
fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

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.


Platform Investment Solutions Limited (Registered number: SC696299)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will survive for the foreseeable future. In order to do so the company will require the continued support of the directors, lender, and related parties. The directors will continue to support the company and are are confident of the continued support of the lenders.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 604,580
Additions 172,544
At 30 April 2024 777,124
NET BOOK VALUE
At 30 April 2024 777,124
At 30 April 2023 604,580

Platform Investment Solutions Limited (Registered number: SC696299)

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

4. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 (11,188 )
Cost 788,312
777,124

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 788,312 615,768

The investment properties are shown at the directors' estimated valuation of open market value as at 30 April 2024. The directors are not professional valuers.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,095 -
Other debtors 7,723 5,886
8,818 5,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,982 1,734
Taxation and social security 963 530
Other creditors 355,323 350,642
359,268 352,906

Included in other creditors is the balance due on the directors' current accounts of £209,990 (2023: £209,990). This balance is interest-free, unsecured, and repayable on demand.

Other creditors also include balances amounting to £120,650 (2023: £125,000) owed to companies owned by the directors.

Platform Investment Solutions Limited (Registered number: SC696299)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 500,699 267,803

Amounts falling due in more than five years:

Repayable by instalments
Other property loans 500,699 267,803

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other property loans 517,229 278,003

The mortgages are secured by way of standard securities over the company's investment properties. A security was granted after 30 April 2024 in relation to a property purchased in the post year-end period.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 4,384 (11,188 ) (6,804 )
Profit for the year 1,848 1,848
Deferred tax movement (2,126 ) 2,126 -
At 30 April 2024 4,106 (9,062 ) (4,956 )

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as retained earnings.

10. CONTINGENT LIABILITIES

If the company's investment properties were sold at valuation, no chargeable gain for corporation
tax would arise.