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Registration number: SC518117

Sutherland Properties (Scotland) Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Sutherland Properties (Scotland) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Sutherland Properties (Scotland) Ltd

(Registration number: SC518117)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

865,369

864,950

Current assets

 

Debtors

5

20,332

18,448

Cash at bank and in hand

 

7,284

1,874

 

27,616

20,322

Creditors: Amounts falling due within one year

6

(8,043)

(11,010)

Net current assets

 

19,573

9,312

Total assets less current liabilities

 

884,942

874,262

Creditors: Amounts falling due after more than one year

6

(290,792)

(314,650)

Net assets

 

594,150

559,612

Capital and reserves

 

Called up share capital

100

100

Retained earnings

594,050

559,512

Shareholders' funds

 

594,150

559,612

 

Sutherland Properties (Scotland) Ltd

(Registration number: SC518117)
Statement of Financial Position as at 31 October 2024

For the financial 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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 17 July 2025
 


 

Mr J K Sutherland-Harper
Director

 

Sutherland Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

The principal place of business is:
3 Old Hawkhill
Dundee
Tayside
DD1 5EU

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Sutherland Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 November 2022

864,950

Additions

419

Disposals

-

At 31 October 2023

865,369

The last valuation of the properties was at 31 October 2023 by the director and he is of the opinion that it is fairly stated in these accounts.

5

Debtors

Current

2024
£

2023
£

Prepayments

-

229

Other debtors

20,332

18,219

 

20,332

18,448

 

Sutherland Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

6,809

7,882

Other creditors

1,234

3,128

8,043

11,010

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

290,792

314,650