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REGISTERED NUMBER: SC682238 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

PETER MURPHY & CO ESTATE AGENTS LTD

PETER MURPHY & CO ESTATE AGENTS LTD (Registered number: SC682238)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER MURPHY & CO ESTATE AGENTS LTD

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Peter Anthony Murphy
Patricia Anne Murphy





REGISTERED OFFICE: Unit 1A Sheraton Retail Park
Lochybridge
Fort William
PH33 7NU





REGISTERED NUMBER: SC682238 (Scotland)





ACCOUNTANTS: Melanie Morrice Accountancy Services Ltd
Rodane
Badabrie
Banavie
Fort William
PH33 7LX

PETER MURPHY & CO ESTATE AGENTS LTD (Registered number: SC682238)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,401 1,524

CURRENT ASSETS
Debtors 5 38,584 13,960
Cash at bank 6,933 10,384
45,517 24,344
CREDITORS
Amounts falling due within one year 6 42,114 22,305
NET CURRENT ASSETS 3,403 2,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,804

3,563

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,802 3,561
SHAREHOLDERS' FUNDS 4,804 3,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 July 2025 and were signed on its behalf by:





Patricia Anne Murphy - Director


PETER MURPHY & CO ESTATE AGENTS LTD (Registered number: SC682238)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

PETER MURPHY & CO ESTATE AGENTS 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

PETER MURPHY & CO ESTATE AGENTS LTD (Registered number: SC682238)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 1,050 523 660 2,233
DEPRECIATION
At 1 December 2023 - 265 444 709
Charge for year - 52 71 123
At 30 November 2024 - 317 515 832
NET BOOK VALUE
At 30 November 2024 1,050 206 145 1,401
At 30 November 2023 1,050 258 216 1,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 300 11,255
Other debtors 38,284 2,705
38,584 13,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors - 40
Taxation and social security 9,019 21,325
Other creditors 33,095 940
42,114 22,305

7. RELATED PARTY DISCLOSURES

The director loan balance was overdrawn by £31,003 at the financial year end of 30th November 2024 and interest was charged at 2.25% and the £698 was included as interest received in the Profit & Loss Account. There was repayments to this loan by the nine months after the year end of £12,188 resulting in S455 tax due on the updated balance of £19,512.