REGISTERED NUMBER: |
Financial Statements For The Period 29 June 2023 to 27 June 2024 |
for |
Glasgow Residential Property Services |
Limited |
REGISTERED NUMBER: |
Financial Statements For The Period 29 June 2023 to 27 June 2024 |
for |
Glasgow Residential Property Services |
Limited |
Glasgow Residential Property Services |
Limited (Registered number: SC268764) |
Contents of the Financial Statements |
For The Period 29 June 2023 to 27 June 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Glasgow Residential Property Services |
Limited |
Company Information |
For The Period 29 June 2023 to 27 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Glasgow Residential Property Services |
Limited (Registered number: SC268764) |
Abridged Statement of Financial Position |
27 June 2024 |
2024 | 2023 |
£ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
Glasgow Residential Property Services |
Limited (Registered number: SC268764) |
Abridged Statement of Financial Position - continued |
27 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Glasgow Residential Property Services |
Limited (Registered number: SC268764) |
Notes to the Financial Statements |
For The Period 29 June 2023 to 27 June 2024 |
1. | STATUTORY INFORMATION |
Glasgow Residential Property Services Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Glasgow Residential Property Services |
Limited (Registered number: SC268764) |
Notes to the Financial Statements - continued |
For The Period 29 June 2023 to 27 June 2024 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 27 June 2024 and the year ended 28 June 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
5. | RELATED PARTY DISCLOSURES |
At the year end, the company owed £411,810 (2023: £268,582) to companies under common ownership. There is no set repayment date for this balance. |
At the year end the company was owed £513,326 (2023: £380,911) from companies under common ownership. There is no set repayment date for this balance. |