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REGISTERED NUMBER: SC750598 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Ness Property Ltd

Ness Property Ltd (Registered number: SC750598)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ness Property Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr D Ness





REGISTERED OFFICE: Camps Villa
The Camps
Kirknewton
West Lothian
EH27 8DN





REGISTERED NUMBER: SC750598 (Scotland)





ACCOUNTANTS: Drummond Laurie CA
Unit 5
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

Ness Property Ltd (Registered number: SC750598)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Investment property 4 85,000 -

CURRENT ASSETS
Debtors 5 1,639 1
Cash at bank 6,038 -
7,677 1
CREDITORS
Amounts falling due within one year 6 (90,116 ) -
NET CURRENT (LIABILITIES)/ASSETS (82,439 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,561

1

RESERVES
Retained earnings 2,561 1
2,561 1

Ness Property Ltd (Registered number: SC750598)

Balance Sheet - continued
30 November 2024


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 director acknowledges his 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 director and authorised for issue on 27 August 2025 and were signed by:





Mr D Ness - Director


Ness Property Ltd (Registered number: SC750598)

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

1. STATUTORY INFORMATION

Ness Property Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC750598. The registered office is Camps Villa, The Camps, Kirknewton, West Lothian, EH27 8DN.

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 represents net invoiced sales in respect of property letting, excluding value added tax. Sales are recognised at the point at which the service is complete.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ness Property Ltd (Registered number: SC750598)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 85,000
At 30 November 2024 85,000
NET BOOK VALUE
At 30 November 2024 85,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 1,639 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed to related parties 85,000 -
Taxation and social security 1,738 -
Other creditors 3,378 -
90,116 -

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

30.11.24 30.11.23
£    £   
Mr D Ness
Balance outstanding at start of year - -
Amounts advanced 1,639 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,639 -

8. RELATED PARTY DISCLOSURES

At the year end, the company owed £85,000 (2023 - £nil) to a company owned by family members.