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REGISTERED NUMBER: SC460436 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SEVEN HILLS PROPERTY LIMITED

SEVEN HILLS PROPERTY LIMITED (REGISTERED NUMBER: SC460436)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEVEN HILLS PROPERTY LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Mrs N R Brannan
A J Brannan



REGISTERED OFFICE: 24A Ainslie Place
Edinburgh
Lothian
EH3 6AJ



REGISTERED NUMBER: SC460436 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Santander
55 Port Street
Stirling
FK8 2 EW



SOLICITORS: Allingham & Co
134 Marchmount Road
Edinburgh
EH9 1AQ

SEVEN HILLS PROPERTY LIMITED (REGISTERED NUMBER: SC460436)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 1,208,041 1,230,566
Cash at bank 16,854 10,561
1,224,895 1,241,127
CREDITORS
Amounts falling due within one year 7 1,131,449 1,130,382
NET CURRENT ASSETS 93,446 110,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,446

110,745

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 92,446 109,745
SHAREHOLDERS' FUNDS 93,446 110,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mrs N R Brannan - Director


SEVEN HILLS PROPERTY LIMITED (REGISTERED NUMBER: SC460436)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Seven Hills Property Limited 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 (£), rounded to the nearest £.

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.

Intangible assets
Intangible assets consist of trademark costs which are amortised evenly over a period of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 3,280
AMORTISATION
At 1 November 2023
and 31 October 2024 3,280
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 1,049
DEPRECIATION
At 1 November 2023
and 31 October 2024 1,049
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

SEVEN HILLS PROPERTY LIMITED (REGISTERED NUMBER: SC460436)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 1,208,041 1,228,023

Amounts falling due after more than one year:
Other debtors - 2,543

Aggregate amounts 1,208,041 1,230,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,131,449 1,130,382

8. RELATED PARTY DISCLOSURES

Included within other debtors is a loan to a company which is under common control amounting to £1,207,865 (2023: £1,227,865). This loan is unsecured, is provided interest free and has no agreed terms of repayment.