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REGISTERED NUMBER: SC063427 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Osnig Properties Limited

Osnig Properties Limited (Registered number: SC063427)






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


Osnig Properties Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R P Kinloch
Ms L G Kinloch
Ms J C Kinloch





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC063427 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Osnig Properties Limited (Registered number: SC063427)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 430,680 430,680

CURRENT ASSETS
Debtors 5 815 783
Cash at bank 39,724 42,981
40,539 43,764
CREDITORS
Amounts falling due within one year 6 108,972 135,224
NET CURRENT LIABILITIES (68,433 ) (91,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,247

339,220

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Revaluation reserve 8 154,144 154,144
Other reserves 79,907 79,907
Retained earnings 68,196 45,169
SHAREHOLDERS' FUNDS 362,247 339,220

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 15 May 2025 and were signed on its behalf by:





Ms L G Kinloch - Director


Osnig Properties Limited (Registered number: SC063427)

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

1. STATUTORY INFORMATION

Osnig Properties Limited 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 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.
Land and buildings - not provided

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 430,680
NET BOOK VALUE
At 30 November 2024 430,680
At 30 November 2023 430,680

In the year ended 30 November 2020 Land & Buildings were revalued on an open market basis by Allied Surveyors Scotland PLC.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 125 10
Other debtors 690 773
815 783

Osnig Properties Limited (Registered number: SC063427)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 7,449 5,318
Taxation and social security 5,401 7,086
Other creditors 96,122 122,820
108,972 135,224

7. SECURED DEBTS

Charges were registered on 17th November 2021 by Mr RP Kinloch, Ms LG Kinloch and Ms JC Kinloch on the following land and property held in fixed assets:

36 James Street, Helensburgh G84 8UH, 20 Colquhoun Square, Helensburgh G84 8AD and land at Darleith Road, Cardross, Dumbarton.

8. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 154,144

9. CONTINGENT LIABILITIES

As at 30 November 2024 the company had no contingent liabilities. (2023 - £nil).

10. CAPITAL COMMITMENTS

As at 30 November 2024 the company had no capital commitments. (2023 - £nil).

11. RELATED PARTY DISCLOSURES

Included within creditors a balance is due to the directors: Mr R P Kinloch £31,676 (2023 - £40,676), Ms L G Kinloch £31,676 (2023 - £40,676) and Ms J C Kinloch £31,676 (2023 - £40,676). The balances have no fixed interest date and no interest is payable thereon.