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Registration number: SC682984

Sidlaw Property Solutions Ltd

Unaudited Financial Statements

for the Period from 1 January 2024 to 31 March 2025

 

Sidlaw Property Solutions Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Sidlaw Property Solutions Ltd

(Registration number: SC682984)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

4

-

9,654

Current assets

 

Debtors

5

24,959

36,103

Cash at bank and in hand

 

42,046

43,947

 

67,005

80,050

Creditors: Amounts falling due within one year

6

(66,905)

(18,817)

Net current assets

 

100

61,233

Net assets

 

100

70,887

Capital and reserves

 

Called up share capital

100

2

Retained earnings

-

70,885

Shareholders' funds

 

100

70,887

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 31 May 2025 and signed on its behalf by:
 

.........................................
Mr Martin Callachan
Director

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
5 McNaughton Gardens
Dundee
Na
DD3 0FE
Scotland

These financial statements were authorised for issue by the Board on 31 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% Reducing balance

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 0 (2023 - 0).

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

14,521

14,521

Disposals

(14,521)

(14,521)

At 31 March 2025

-

-

Depreciation

At 1 January 2024

4,867

4,867

Charge for the period

2,414

2,414

Eliminated on disposal

(7,281)

(7,281)

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

-

-

At 31 December 2023

9,654

9,654

5

Debtors

Current

2025
£

2023
£

Trade debtors

-

5,780

Other debtors

24,959

30,323

 

24,959

36,103

6

Creditors

Creditors: amounts falling due within one year

2025
£

2023
£

Due within one year

Trade creditors

5,446

-

Taxation and social security

58,698

17,683

Accruals and deferred income

2,761

1,134

66,905

18,817

 

Sidlaw Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

7

Dividends

Interim dividends paid

2025
£

2023
£

Interim dividend of £22,449.41 per each Ordinary B

22,449

22,449

Interim dividend of £3,640.24 (2023 - £1,256.93) per each Ordinary A

189,292

1,257

211,742

23,706