Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC374672 2024-04-01 2025-03-31 SC374672 2023-04-01 2024-03-31 SC374672 2025-03-31 SC374672 2024-03-31 SC374672 c:Director1 2024-04-01 2025-03-31 SC374672 c:RegisteredOffice 2024-04-01 2025-03-31 SC374672 d:Buildings 2024-04-01 2025-03-31 SC374672 d:Buildings 2025-03-31 SC374672 d:Buildings 2024-03-31 SC374672 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC374672 d:PlantMachinery 2024-04-01 2025-03-31 SC374672 d:PlantMachinery 2025-03-31 SC374672 d:PlantMachinery 2024-03-31 SC374672 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC374672 d:FurnitureFittings 2024-04-01 2025-03-31 SC374672 d:FurnitureFittings 2025-03-31 SC374672 d:FurnitureFittings 2024-03-31 SC374672 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC374672 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC374672 d:CurrentFinancialInstruments 2025-03-31 SC374672 d:CurrentFinancialInstruments 2024-03-31 SC374672 d:Non-currentFinancialInstruments 2025-03-31 SC374672 d:Non-currentFinancialInstruments 2024-03-31 SC374672 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC374672 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC374672 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC374672 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC374672 d:ShareCapital 2025-03-31 SC374672 d:ShareCapital 2024-03-31 SC374672 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC374672 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC374672 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC374672 c:OrdinaryShareClass1 2025-03-31 SC374672 c:OrdinaryShareClass1 2024-03-31 SC374672 c:FRS102 2024-04-01 2025-03-31 SC374672 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC374672 c:FullAccounts 2024-04-01 2025-03-31 SC374672 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC374672 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC374672










PROPERTY PARTNERS (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Director
Mr N McLeod 




Registered number
SC374672



Registered office
28 Low Street
Banff

Aberdeenshire

AB45 1AS




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
PROPERTY PARTNERS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC374672

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
863
214,693

  
863
214,693

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
79,117
1,492

Cash at bank and in hand
  
4,557
2,161

  
83,674
3,653

Creditors: amounts falling due within one year
 6 
(152,794)
(283,732)

NET CURRENT LIABILITIES
  
 
 
(69,120)
 
 
(280,079)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(68,257)
(65,386)

Creditors: amounts falling due after more than one year
 7 
(6,956)
(8,625)

  

NET LIABILITIES
  
(75,213)
(74,011)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
10
10

Profit and loss account
  
(75,223)
(74,021)

  
(75,213)
(74,011)


Page 1

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC374672

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 July 2025.




Mr N McLeod
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Property Partners (Scotland) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC374672. The registered office is 28 Low Street, Banff, Aberdeenshire, Scotland AB45 1AS. 
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4)


4.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



COST OR VALUATION


At 1 April 2024
212,869
12,786
1,885
227,540


Disposals
(212,869)
-
-
(212,869)



At 31 March 2025

-
12,786
1,885
14,671



DEPRECIATION


At 1 April 2024
-
11,421
1,426
12,847


Charge for the year on owned assets
-
615
346
961



At 31 March 2025

-
12,036
1,772
13,808



NET BOOK VALUE



At 31 March 2025
-
750
113
863



At 31 March 2024
212,869
1,365
459
214,693

Page 5

 
PROPERTY PARTNERS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


DEBTORS

2025
2024
£
£


Trade debtors
(396)
435

Amounts owed by group undertakings
78,790
-

Prepayments and accrued income
723
1,057

79,117
1,492



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Bank loans
1,665
7,384

Trade creditors
93
414

Amounts owed to group undertakings
9,359
137,719

Other taxation and social security
839
123

Other creditors
136,452
134,007

Accruals and deferred income
4,386
4,085

152,794
283,732


The bank loan is secured by a bond over the property of the company.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Bank loans
6,956
8,625

6,956
8,625


The bank loan is secured by a bond over the property of the company.


8.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10 (2024 - 10) Ordinary shares of £1.00 each
10
10



Page 6