Registered number
SC741775
Ford Properties (Fife) Ltd
Filleted Accounts
31 August 2024
Ford Properties (Fife) Ltd
Registered number: SC741775
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 171,996 171,996
Current assets
Cash at bank and in hand 8,956 10,771
Creditors: amounts falling due within one year 4 (65,795) (61,693)
Net current liabilities (56,839) (50,922)
Total assets less current liabilities 115,157 121,074
Creditors: amounts falling due after more than one year 5 (121,085) (121,085)
Net liabilities (5,928) (11)
Capital and reserves
Profit and loss account (5,928) (11)
Shareholders' funds (5,928) (11)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Ford
Director
Approved by the board on 28 March 2025
Ford Properties (Fife) Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of owned property.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forward to be offset against profits from the same trade.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 171,996
At 31 August 2024 171,996
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 171,996
At 31 August 2023 171,996
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 65,795 61,693
5 Creditors: amounts falling due after one year 2024 2023
£ £
TMW DDR 121,085 121,085
6 Other information
Ford Properties (Fife) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
46 Glebe Place
Burntisland
Fife
KY3 0ES
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