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Company Registration No. SC077457 (Scotland)
LOMOND PROPERTIES LIMITED Unaudited accounts for the year ended 31 October 2024
LOMOND PROPERTIES LIMITED Unaudited accounts Contents
Page
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LOMOND PROPERTIES LIMITED Company Information for the year ended 31 October 2024
Director
Gail Barbara Rae
Secretary
Catriona Morag Mclean Graham
Company Number
SC077457 (Scotland)
Registered Office
2 VICTORIA PLACE RUTHERGLEN GLASGOW G73 1JU SCOTLAND
Accountants
brand jamieson co 2 Victoria Place Rutherglen Glasgow G73 2JP
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LOMOND PROPERTIES LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
595,197 
99,322 
Investments
405,623 
275,000 
1,000,820 
374,322 
Current assets
Cash at bank and in hand
70,892 
93,314 
Creditors: amounts falling due within one year
(41,978)
(87,657)
Net current assets
28,914 
5,657 
Total assets less current liabilities
1,029,734 
379,979 
Provisions for liabilities
Deferred tax
(148,791)
- 
Net assets
880,943 
379,979 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
495,940 
- 
Profit and loss account
384,903 
379,879 
Shareholders' funds
880,943 
379,979 
For the year ending 31 October 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 July 2025 and were signed on its behalf by
Gail Barbara Rae Director Company Registration No. SC077457
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LOMOND PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
LOMOND PROPERTIES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC077457. The registered office is 2 VICTORIA PLACE, RUTHERGLEN, GLASGOW, G73 1JU, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 November 2023
153,513 
1,500 
683 
155,696 
Revaluations
595,000 
- 
- 
595,000 
Transfer to investment property
(153,513)
- 
- 
(153,513)
At 31 October 2024
595,000 
1,500 
683 
597,183 
Depreciation
At 1 November 2023
54,453 
1,500 
421 
56,374 
Charge for the year
(54,453)
- 
65 
(54,388)
At 31 October 2024
- 
1,500 
486 
1,986 
Net book value
At 31 October 2024
595,000 
- 
197 
595,197 
At 31 October 2023
99,060 
- 
262 
99,322 
The properties were revalued by Shepherd Commercial on 22nd May 2025.
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LOMOND PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2024
5
Investments
Other investments 
£ 
Valuation at 1 November 2023
275,000 
Fair value adjustments
130,623 
Valuation at 31 October 2024
405,623 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
10,494 
16,514 
Loans from directors
15,722 
49,534 
Accruals
15,762 
21,609 
41,978 
87,657 
7
Transactions with related parties
During the year , dividends of £20,000 ( 2023 £30,000 ) were paid to the director.
8
Controlling party
The controlling party is WGS Robertson.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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