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REGISTERED NUMBER: SC258142 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ROOFTOP PROPERTIES LTD.

ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOFTOP PROPERTIES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S Thomas
Mrs C Thomas





SECRETARY: Mrs C Thomas





REGISTERED OFFICE: 13 Murieston Walk
Livingston
West Lothian
EH54 9EW





REGISTERED NUMBER: SC258142 (Scotland)





ACCOUNTANT: Ann MacLellan Chartered Accountant
10 House O'Hill Avenue
Edinburgh
EH4 5DD

ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 625
Tangible assets 5 1,658 4,100
Investment property 6 432,142 110,000
433,800 114,725

CURRENT ASSETS
Debtors 7 4,734 59,182
Cash at bank 108,404 417,197
113,138 476,379
CREDITORS
Amounts falling due within one year 8 31,579 126,919
NET CURRENT ASSETS 81,559 349,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,359

464,185

PROVISIONS FOR LIABILITIES 1,867 2,067
NET ASSETS 513,492 462,118

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 513,488 462,114
SHAREHOLDERS' FUNDS 513,492 462,118

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.

ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)

BALANCE SHEET - continued
31 OCTOBER 2024


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 25 July 2025 and were signed on its behalf by:





S Thomas - Director


ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Rooftop Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents fees and commissions receivable excluding value added tax.

Intangible fixed asset and amortisation
The Franchise Licence fee is amortised to the Profit and Loss Account over the estimated economic life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment Property is included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 59,500
Disposals (59,500 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 58,875
Charge for year 625
Eliminated on disposal (59,500 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 625

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 58,207
Additions 1,434
Disposals (57,624 )
At 31 October 2024 2,017
DEPRECIATION
At 1 November 2023 54,107
Charge for year 359
Eliminated on disposal (54,107 )
At 31 October 2024 359
NET BOOK VALUE
At 31 October 2024 1,658
At 31 October 2023 4,100

ROOFTOP PROPERTIES LTD. (REGISTERED NUMBER: SC258142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 110,000
Additions 322,142
At 31 October 2024 432,142
NET BOOK VALUE
At 31 October 2024 432,142
At 31 October 2023 110,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 12,095
Cost 420,047
432,142

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,399 55,089
Other debtors - 375
VAT 2,335 -
Prepayments and accrued income - 3,718
4,734 59,182

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors - 55,662
Tax 28,928 22,733
VAT - 30,231
Other creditors 1,661 4,865
Accrued expenses 990 13,428
31,579 126,919