2024-03-01 SC656014 2025-02-28 SC656014 2024-03-01 2025-02-28 SC656014 2024-02-29 SC656014 2023-03-01 2024-02-29 SC656014 uk-core:WithinOneYear 2024-02-29 SC656014 uk-core:WithinOneYear 2025-02-28 SC656014 uk-core:AfterOneYear 2024-02-29 SC656014 uk-core:AfterOneYear 2025-02-28 SC656014 uk-core:ShareCapital 2025-02-28 SC656014 uk-core:ShareCapital 2024-02-29 SC656014 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC656014 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC656014 uk-bus:Director1 2024-03-01 2025-02-28 SC656014 uk-core:ComputerEquipment 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure SC656014 uk-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC656014 uk-bus:FRS102 2024-03-01 2025-02-28 SC656014 uk-bus:FilletedAccounts 2024-03-01 2025-02-28 SC656014 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28
Taylor Property Letting Ltd
Registered Number:SC656014
For the year ended 28 February 2025
Scotland
Unaudited Financial Statements
2
For the year ended 28 February 2025
Taylor Property Letting Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
SC656014
As at 28 February 2025
Taylor Property Letting Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
253
652
2
3
204,793
204,793
Investment property
205,046
205,445
Current assets
Trade and other receivables
116
90
4
17,836
Cash and cash equivalents
23,960
24,050
17,952
Trade and other payables: amounts falling due within one year
(101,393)
(101,915)
5
(83,441)
(77,865)
Net current liabilities
Total assets less current liabilities
127,181
122,004
Trade and other payables: amounts falling due after more than one year
(125,003)
(125,666)
6
1,515
Net assets/liabilities
(2,999)
Capital and reserves
Called up share capital
10
10
Retained earnings
1,505
(3,009)
1,515
(2,999)
Shareholders' funds
For the year ended 28 February 2025 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 of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Iain Stewart Taylor Director
These financial statements were approved and authorised for issue by the Board on 02 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2025
Taylor Property Letting Ltd
Notes to the Financial Statements
Statutory Information
Taylor Property Letting Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC656014.
Registered address:
6 Clovis Duveau Drive
Dundee
DD2 5JB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer Equipment
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 March 2024
1,209
At 28 February 2025
1,209
Provision for depreciation and impairment
At 01 March 2024
557
Charge for year
399
At 28 February 2025
956
At 28 February 2025
Net book value
253
At 29 February 2024
652
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5
For the year ended 28 February 2025
Taylor Property Letting Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 March 2024
204,793
At 28 February 2025
204,793
Net book value
At 28 February 2025
204,793
At 29 February 2024
204,793
4. Trade and other receivables
2024
2025
£
£
Other debtors
90
116
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Taxation and social security
209
-
Other creditors
101,706
101,393
101,915
101,393
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft (secured)
125,666
125,003
7. Average number of persons employed
During the year the average number of employees was 1 (2024 : 1)
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