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Company Registration No. SC668676 (Scotland)
Neil Property Limited Unaudited accounts for the year ended 31 July 2024
Neil Property Limited Unaudited accounts Contents
Page
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Neil Property Limited Company Information for the year ended 31 July 2024
Directors
Donna Neil Gordon Neil Ross Neil
Company Number
SC668676 (Scotland)
Registered Office
34 NEWMARKET STREET AYR KA7 1LP SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Neil Property Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
125,994 
125,994 
Current assets
Cash at bank and in hand
14,426 
3,926 
Creditors: amounts falling due within one year
(960)
(60,487)
Net current assets/(liabilities)
13,466 
(56,561)
Total assets less current liabilities
139,460 
69,433 
Creditors: amounts falling due after more than one year
(148,730)
(88,425)
Net liabilities
(9,270)
(18,992)
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
(9,570)
(19,292)
Shareholders' funds
(9,270)
(18,992)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Gordon Neil Director Company Registration No. SC668676
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Neil Property Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Neil Property Limited is a private company, limited by shares, registered in Scotland, registration number SC668676. The registered office is 34 NEWMARKET STREET, AYR, KA7 1LP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2023
125,994 
At 31 July 2024
125,994 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
125,994 
At 31 July 2023
125,994 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
960 
960 
Loans from directors
- 
59,527 
960 
60,487 
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Neil Property Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
88,425 
88,425 
Loans from directors
60,305 
- 
148,730 
88,425 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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