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Registration number: SC686226

Laurie Property Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Laurie Property Services Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

 

Laurie Property Services Limited

Company Information

Director

Mr Calum Laurie

Registered office

Ash Tree Cottage
Pennyghael
Isle of Mull
Argyll
PA70 6HE

Accountants

Jack MacDonald & Co Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Laurie Property Services Limited

Director's Report for the Year Ended 31 January 2025

The director presents his report and the financial statements for the year ended 31 January 2025.

Director of the company

The director who held office during the year was as follows:

Mr Calum Laurie

Principal activity

The principal activity of the company is provision of self-catering accommodation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 July 2025
 

.........................................
Mr Calum Laurie
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Laurie Property Services Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Laurie Property Services Limited for the year ended 31 January 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Laurie Property Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Laurie Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Laurie Property Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laurie Property Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Laurie Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Laurie Property Services Limited. You consider that Laurie Property Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Laurie Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

8 July 2025

 

Laurie Property Services Limited

Profit and Loss Account for the Year Ended 31 January 2025

Note

2025
£

2024
£

Turnover

 

110,813

73,573

Gross profit

 

110,813

73,573

Administrative expenses

 

(12,664)

(8,704)

Operating profit

 

98,149

64,869

Profit before tax

98,149

64,869

Tax on profit

 

(22,026)

(13,269)

Profit for the financial year

 

76,123

51,600

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Laurie Property Services Limited

Statement of Comprehensive Income for the Year Ended 31 January 2025

2025
£

2024
£

Profit for the year

76,123

51,600

Total comprehensive income for the year

76,123

51,600

 

Laurie Property Services Limited

(Registration number: SC686226)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Current assets

 

Debtors

3

-

1,825

Cash at bank and in hand

 

36,549

5,809

 

36,549

7,634

Creditors: Amounts falling due within one year

4

(27,061)

(13,269)

Net assets/(liabilities)

 

9,488

(5,635)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

9,388

(5,735)

Shareholders' funds/(deficit)

 

9,488

(5,635)

For the financial year ending 31 January 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 8 July 2025
 

.........................................
Mr Calum Laurie
Director

 

Laurie Property Services Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Retained earnings
£

Total
£

At 1 February 2024

100

(5,735)

(5,635)

Profit for the year

-

76,123

76,123

Dividends

-

(61,000)

(61,000)

At 31 January 2025

100

9,388

9,488

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

100

(6,335)

(6,235)

Profit for the year

-

51,600

51,600

Dividends

-

(51,000)

(51,000)

At 31 January 2024

100

(5,735)

(5,635)

 

Laurie Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Laurie Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3

Debtors

Current

2025
£

2024
£

Trade debtors

-

1,825

 

-

1,825

 

Laurie Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

26,735

13,269

Other creditors

326

-

27,061

13,269

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

6

Dividends

2025

2024

£

£

Interim dividend of £610.00 (2024 - £510.00) per ordinary share

61,000

51,000

 

 

7

Related party transactions

 

Laurie Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Contributions paid to money purchase schemes

1,800

-