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OSPREY PROPERTY MAINTENANCE LTD

Registered Number
SC729642
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

OSPREY PROPERTY MAINTENANCE LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

MCGOVERN, Daniel

Registered Address

Craigesk House
Lothian Bridge
Dalkeith
EH22 4TP

Registered Number

SC729642 (Scotland)
OSPREY PROPERTY MAINTENANCE LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets334,66946,225
34,66946,225
Current assets
Debtors465,33064,521
Cash at bank and on hand13,3053,385
78,63567,906
Creditors amounts falling due within one year5(130,449)(137,395)
Net current assets (liabilities)(51,814)(69,489)
Total assets less current liabilities(17,145)(23,264)
Creditors amounts falling due after one year6(6,966)(10,062)
Net assets(24,111)(33,326)
Capital and reserves
Called up share capital100100
Profit and loss account(24,211)(33,426)
Shareholders' funds(24,111)(33,326)
The financial statements were approved and authorised for issue by the Director on 22 May 2025, and are signed on its behalf by:
MCGOVERN, Daniel
Director
Registered Company No. SC729642
OSPREY PROPERTY MAINTENANCE LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year75
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2361,633
At 31 March 2461,633
Depreciation and impairment
At 01 April 2315,408
Charge for year11,556
At 31 March 2426,964
Net book value
At 31 March 2434,669
At 31 March 2346,225
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,392-
Amounts owed by associates and joint ventures / participating interests24,56625,666
Other debtors37,04538,065
Prepayments and accrued income327790
Total65,33064,521
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,644-
Amounts owed to related parties15,00015,000
Taxation and social security31,16164,385
Finance lease and HP contracts3,0963,096
Other creditors72,51049,221
Accrued liabilities and deferred income7,0385,693
Total130,449137,395
6.Creditors: amounts due after one year

2024

2023

££
Other creditors6,96610,062
Total6,96610,062
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts6,96610,062
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MCGOVERN, Daniel48,17221,533069,705
48,17221,533069,705