IRIS Accounts Production v25.1.0.734 SC742176 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7421762023-08-31SC7421762024-08-31SC7421762023-09-012024-08-31SC7421762022-08-22SC7421762022-08-232023-08-31SC7421762023-08-31SC742176ns15:Scotland2023-09-012024-08-31SC742176ns14:PoundSterling2023-09-012024-08-31SC742176ns10:Director12023-09-012024-08-31SC742176ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC742176ns10:SmallEntities2023-09-012024-08-31SC742176ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC742176ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC742176ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC742176ns10:FullAccounts2023-09-012024-08-31SC742176ns10:Director22023-09-012024-08-31SC742176ns10:RegisteredOffice2023-09-012024-08-31SC742176ns5:CurrentFinancialInstruments2024-08-31SC742176ns5:CurrentFinancialInstruments2023-08-31SC742176ns5:Non-currentFinancialInstruments2024-08-31SC742176ns5:Non-currentFinancialInstruments2023-08-31SC742176ns5:ShareCapital2024-08-31SC742176ns5:ShareCapital2023-08-31SC742176ns5:RevaluationReserve2024-08-31SC742176ns5:RevaluationReserve2023-08-31SC742176ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-31SC742176ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-31SC742176ns5:RetainedEarningsAccumulatedLosses2024-08-31SC742176ns5:RetainedEarningsAccumulatedLosses2023-08-31SC742176ns5:FurnitureFittings2023-09-012024-08-31SC742176ns5:LandBuildings2023-08-31SC742176ns5:FurnitureFittings2023-08-31SC742176ns5:ComputerEquipment2023-08-31SC742176ns5:LandBuildings2023-09-012024-08-31SC742176ns5:ComputerEquipment2023-09-012024-08-31SC742176ns5:LandBuildings2024-08-31SC742176ns5:FurnitureFittings2024-08-31SC742176ns5:ComputerEquipment2024-08-31SC742176ns5:LandBuildings2023-08-31SC742176ns5:FurnitureFittings2023-08-31SC742176ns5:ComputerEquipment2023-08-31SC742176ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC742176ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31SC742176ns5:RetainedEarningsAccumulatedLosses2023-08-31SC742176ns5:RevaluationReserve2023-08-31SC742176ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-31SC742176ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: SC742176 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 August 2024

for

Preston Bonnar Property Group Limited

Preston Bonnar Property Group Limited (Registered number: SC742176)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Preston Bonnar Property Group Limited

Company Information
For The Year Ended 31 August 2024







DIRECTORS: T Bonnar
C Preston





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC742176 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Preston Bonnar Property Group Limited (Registered number: SC742176)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 144,189 3,946
Investment property 5 60,000 40,649
204,189 44,595

CURRENT ASSETS
Debtors 6 12,951 -
Cash at bank 86,374 630
99,325 630
CREDITORS
Amounts falling due within one year 7 166,463 54,766
NET CURRENT LIABILITIES (67,138 ) (54,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,051

(9,541

)

CREDITORS
Amounts falling due after more than one year 8 (120,000 ) -

PROVISIONS FOR LIABILITIES (2,486 ) -
NET ASSETS/(LIABILITIES) 14,565 (9,541 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 31,903 -
Fair value reserve 9 16,865 -
Retained earnings 9 (34,303 ) (9,641 )
SHAREHOLDERS' FUNDS 14,565 (9,541 )

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

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

Preston Bonnar Property Group Limited (Registered number: SC742176)

Balance Sheet - continued
31 August 2024


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 28 May 2025 and were signed on its behalf by:





C Preston - Director


Preston Bonnar Property Group Limited (Registered number: SC742176)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Preston Bonnar Property Group 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Preston Bonnar Property Group Limited (Registered number: SC742176)

Notes to the Financial Statements - continued
For The Year Ended 31 August 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2023 - 4,642 - 4,642
Additions 108,097 - 1,044 109,141
Revaluations 31,903 - - 31,903
At 31 August 2024 140,000 4,642 1,044 145,686
DEPRECIATION
At 1 September 2023 - 696 - 696
Charge for year - 592 209 801
At 31 August 2024 - 1,288 209 1,497
NET BOOK VALUE
At 31 August 2024 140,000 3,354 835 144,189
At 31 August 2023 - 3,946 - 3,946

Preston Bonnar Property Group Limited (Registered number: SC742176)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2024 31,903 - - 31,903
Cost 108,097 4,642 1,044 113,783
140,000 4,642 1,044 145,686

The assets have been valued by the directors as at 31/08/2024 and are assessed as being held at fair value.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 40,649
Revaluations 19,351
At 31 August 2024 60,000
NET BOOK VALUE
At 31 August 2024 60,000
At 31 August 2023 40,649

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 19,351
Cost 40,649
60,000

The properties have been professionally valued during the year and have been reviewed by the directors as at 31/08/2024 and assessed as being held at fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,801 -
Other debtors 10,150 -
12,951 -

Preston Bonnar Property Group Limited (Registered number: SC742176)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 166,463 54,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 120,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 120,000 -

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

At 1 September 2023 (9,641 ) - - (9,641 )
Profit for the year 24,106 24,106
Transfer to fair value reserve (31,903 ) 31,903 - -
Deferred tax on revaluation 2,486 - (2,486 ) -
Transfer to Fair Value Res (19,351 ) - 19,351 -
At 31 August 2024 (34,303 ) 31,903 16,865 14,465