| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 1 September 2023 to 30 August 2024 |
| for |
| Property One Group Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 1 September 2023 to 30 August 2024 |
| for |
| Property One Group Ltd |
| Property One Group Ltd (Registered number: SC741833) |
| Contents of the Financial Statements |
| For The Period 1 September 2023 to 30 August 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Property One Group Ltd |
| Company Information |
| For The Period 1 September 2023 to 30 August 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Cambuslang Court |
| Cambuslang |
| Glasgow |
| Strathclyde |
| G32 8FH |
| Property One Group Ltd (Registered number: SC741833) |
| Balance Sheet |
| 30 August 2024 |
| 30.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Property One Group Ltd (Registered number: SC741833) |
| Balance Sheet - continued |
| 30 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Property One Group Ltd (Registered number: SC741833) |
| Notes to the Financial Statements |
| For The Period 1 September 2023 to 30 August 2024 |
| 1. | STATUTORY INFORMATION |
| Property One Group Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Management have reviewed the financial position of the business and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis. |
| 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 |
| Plant and machinery | - |
| 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. |
| Financial instruments |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Creditors |
| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Cash and Bank Balances |
| Cash and bank balances are measured at the transaction price. |
| Taxation |
| Taxation for the period 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. |
| Property One Group Ltd (Registered number: SC741833) |
| Notes to the Financial Statements - continued |
| For The Period 1 September 2023 to 30 August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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 period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 September 2023 |
| and 30 August 2024 |
| DEPRECIATION |
| Charge for period |
| At 30 August 2024 |
| NET BOOK VALUE |
| At 30 August 2024 |
| At 31 August 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| Disposals | ( |
) |
| Revaluations | 22,704 |
| At 30 August 2024 |
| NET BOOK VALUE |
| At 30 August 2024 |
| Property was professionally valued during the year, and assessed by the director to be at Fair Value at the year end. |
| Property One Group Ltd (Registered number: SC741833) |
| Notes to the Financial Statements - continued |
| For The Period 1 September 2023 to 30 August 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.8.24 | 31.8.23 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.8.24 | 31.8.23 |
| £ | £ |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.8.24 | 31.8.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.8.24 | 31.8.23 |
| £ | £ |
| Bank loans |
| Together Commercial Finance Limited - 1 Touchhill Crescent, Plean, Stirling, FK7 8DU. |
| Lendinvest BTL Limited - 50 Greenhead Avenue, Stevenston, KA20 4DY. |
| Lendinvest BTL Limited - 1 Touchill Crescent, Plean, Stirling, FK7 8DU. |
| Lendinvest BTL Limited - 11 Inchwood Court, Glasgow, G68 9EB. |
| Lendinvest BTL Limited - 2/2 37 Bank Street, Greenock, PA15 4PJ. |
| Together Commercial Finance Limited - Floating charge. |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Transfer to fair value reserve | 22,704 |
| At 30 August 2024 |