2023-09-01 2024-08-31 SC573301 Short Term Lets Glasgow Ltd false SC573301 2023-09-01 2024-08-31 SC573301 uk-bus:Director1 2023-09-01 2024-08-31 SC573301 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC573301 uk-bus:SmallEntities 2023-09-01 2024-08-31 SC573301 uk-bus:FullAccounts 2023-09-01 2024-08-31 SC573301 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC573301 2023-09-01 SC573301 2024-08-31 SC573301 2023-08-31 xbrli:pure iso4217:GBP SC573301 2022-09-01 2023-08-31
Company Registration Number : SC573301 (Scotland)
SC573301
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-08-31
false
Short Term Lets Glasgow Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-09-01
Short Term Lets Glasgow Ltd
Unaudited filleted financial statements
For the year ended 31 August 2024
Short Term Lets Glasgow Ltd
Contents
For the year ended 31 August 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Short Term Lets Glasgow Ltd
Company Information
For the year ended 31 August 2024

Company registration number SC573301 (Scotland)
Directors Maria Pia Ferreri
Gianluca Daluiso
Rosaria Bruno
Domenico Fugetto
Registered office address 02, 11 Napier Place
Glasgow
Scotland
G51 2LN
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Short Term Lets Glasgow Ltd
Statement of Financial Position
For the year ended 31 August 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 492 742
Investment Property 230,000 230,000
5 230,492 230,742
Current assets
Debtors 642 1,814
Cash and cash equivalents 2,432 46,941
3,074 48,756
Current liabilities
Creditors: Amounts falling due within one year (96,976) (137,158)
Corporation tax payable (570) (4,541)
(97,546) (141,699)
Net current (liabilities)/assets (94,472) (92,944)
Total assets less current liabilities 136,021 137,798
Non-current liabilities
Provisions for liabilities (19,019) (19,019)
Net assets/(liabilities) 117,002 118,779
Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 116,002 117,779
Shareholders' funds 117,002 118,779
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 August 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 27 May 2025
.............................
Maria Pia Ferreri (Director)
Company registration number: SC573301
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-08-31 31 August 2024
2024 2023
£ £
Fixed Assets 230,492 230,742
Current Assets 3,074 47,541
Prepayments and accrued income 0 1,215
Creditors: amounts falling due within one year (97,546) (141,699)
Net current assets/(liabilities) (94,472) (92,944)
Total assets less current liabilities 136,021 137,798
Provisions for liabilities (19,019) (19,019)
Net Assets/(liabilities) 117,002 118,779
Capital and Reserves 117,002 118,779
For the year ending 31/08/2024 the company was entitled to exemption 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. For the year ending 31-08-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 27 May 2025 2025-05-27 and signed on behalf of the board,
.............................
Maria Pia Ferreri
Director
Company registration number: SC573301
Short Term Lets Glasgow Ltd
Notes to the Financial Statements
For the year ended 31 August 2024

(1) General Information
The company is a private company limited by shares and is registered in Scotland. The address of the registered office is 02, 11 Napier Place, Glasgow, Scotland, G51 2LN.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Interest income
Interest income is recognised using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment33% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 4 (2023 : 4).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 September 2023749230,000230,749
As at 31 August 2024749230,000230,749
Depreciation/Amortisation
As at 01 September 20237-7
For the year250-250
As at 31 August 2024257-257
Net book value
As at 31 August 2024492230,000230,492
As at 31 August 2023742230,000230,742

(6) Investment Properties
These financial statements for the year ended 31 August 2024 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at a fair value under FRS 102 1a and there are no fair value gains or losses reported during the year and no deferred tax charged during the year.