NHP (SCOTLAND) LIMITED

Company Registration Number:
SC424440 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2025

Period of accounts

Start date: 01 June 2024

End date: 31 May 2025

NHP (SCOTLAND) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2025

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

NHP (SCOTLAND) LIMITED

Company Information

for the Period Ended 31 May 2025




Director: Neil Andrew Stewart
Registered office: 1
Yarrow Place
Perth
PH1 1SX
Company Registration Number: SC424440 (Scotland)

NHP (SCOTLAND) LIMITED

Directors' Report Period Ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Principal Activities

Holiday-letting and flat rental

Directors

The directors shown below have held office during the whole of the period from 01 June 2024 to 31 May 2025
Neil Andrew Stewart

This report was approved by the board of directors on 31 August 2025
And Signed On Behalf Of The Board By:

Name: Neil Andrew Stewart
Status: Director

NHP (SCOTLAND) LIMITED

Balance sheet

As at 31 May 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 790,000 790,000
Total fixed assets: 790,000 790,000
Current assets
Debtors: 5 50,000 1,513
Cash at bank and in hand: 32,861 76,047
Total current assets: 82,861 77,560
Creditors: amounts falling due within one year: 6 ( 34,353 ) ( 24,000 )
Net current assets (liabilities): 48,508 53,560
Total assets less current liabilities: 838,508 843,560
Creditors: amounts falling due after more than one year: 7 ( 631,817 ) ( 667,318 )
Provision for liabilities: ( 24,700 ) ( 24,397 )
Accruals and deferred income: ( 1,328 ) ( 2,839 )
Total net assets (liabilities): 180,663 149,006

The notes form part of these financial statements

NHP (SCOTLAND) LIMITED

Balance sheet continued

As at 31 May 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 94,262 101,687
Profit and loss account: 86,301 47,219
Shareholders funds: 180,663 149,006

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 August 2025
And Signed On Behalf Of The Board By:

Name: Neil Andrew Stewart
Status: Director

The notes form part of these financial statements

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
    Basic financial assets
    Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
    Basic financial liabilities
    Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
    Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

    Valuation information and policy

    The fair value of investment property has been arrived at on the basis of a valuation carried out by the director on 31 May 2025. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 1 1

    Monthly average number of persons employed by the Company during the year, including the director

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

  • 3. Off balance sheet disclosure

    No

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 June 2024 790,000 790,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2025 790,000 790,000
Depreciation
At 01 June 2024 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 May 2025 - -
Net book value
At 31 May 2025 790,000 790,000
At 31 May 2024 790,000 790,000

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

5. Debtors


2025
£

2024
£
Trade debtors 1,015
Other debtors 50,000 498
Total 50,000 1,513

Long-term Directors loan

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Other creditors 34,353 24,000
Total 34,353 24,000

Director current account

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

7.Creditors: amounts falling due after more than one year


2025
£

2024
£
Other creditors 631,817 667,318
Total 631,817 667,318

Long-term Directors loan

NHP (SCOTLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

8. Revaluation reserve


2025
£
Balance at 01 June 2024 101,687
Surplus or deficit after revaluation ( 7,425 )
Balance at 31 May 2025 94,262

Net position after tax is a reduced value.