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REGISTERED NUMBER: SC389021 (Scotland)















Unaudited Financial Statements For The Year Ended 30 March 2024

for

Edzell Property Management Ltd.

Edzell Property Management Ltd. (Registered number: SC389021)






Contents of the Financial Statements
For The Year Ended 30 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Edzell Property Management Ltd.

Company Information
For The Year Ended 30 March 2024







DIRECTOR: T E Lovat





SECRETARY: T E Lovat





REGISTERED OFFICE: 1008 Pollokshaws Road
Glasgow
G41 2HG





REGISTERED NUMBER: SC389021 (Scotland)






Edzell Property Management Ltd. (Registered number: SC389021)

Abridged Statement of Financial Position
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 112,610 142,532
Investments 5 101 101
112,711 142,633

CURRENT ASSETS
Debtors 23,635 29,810
Cash at bank 36 872
23,671 30,682
CREDITORS
Amounts falling due within one year 466,797 460,613
NET CURRENT LIABILITIES (443,126 ) (429,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(330,415

)

(287,298

)

CREDITORS
Amounts falling due after more than one
year

12,500

22,500
NET LIABILITIES (342,915 ) (309,798 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (343,015 ) (309,898 )
(342,915 ) (309,798 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Edzell Property Management Ltd. (Registered number: SC389021)

Abridged Statement of Financial Position - continued
30 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





T E Lovat - Director


Edzell Property Management Ltd. (Registered number: SC389021)

Notes to the Financial Statements
For The Year Ended 30 March 2024

1. STATUTORY INFORMATION

Edzell Property Management Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the company had net liabilities in the sum of £342,915. The company's associates shown at note 7 have confirmed they will continue to support the company and on this basis the director considers it appropriate for the accounts to be prepared on a going concern basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of eighteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Edzell Property Management Ltd. (Registered number: SC389021)

Notes to the Financial Statements - continued
For The Year Ended 30 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 March 2023
and 30 March 2024 538,594
AMORTISATION
At 31 March 2023 396,062
Amortisation for year 29,922
At 30 March 2024 425,984
NET BOOK VALUE

At 30 March 2024 112,610
At 30 March 2023 142,532

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 31 March 2023
and 30 March 2024 101
NET BOOK VALUE
At 30 March 2024 101
At 30 March 2023 101

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2024 and 30 March 2023:

2024 2023
£    £   
T E Lovat
Balance outstanding at start of year 6,174 2,876
Amounts advanced 3,096 3,298
Amounts repaid (75,228 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (65,958 ) 6,174