IRIS Accounts Production v25.1.3.33 SC690316 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC690316 2023-12-31 SC690316 2024-12-31 SC690316 2024-01-01 2024-12-31 SC690316 2022-12-31 SC690316 2023-01-01 2023-12-31 SC690316 2023-12-31 SC690316 ns15:Scotland 2024-01-01 2024-12-31 SC690316 ns14:PoundSterling 2024-01-01 2024-12-31 SC690316 ns10:Director1 2024-01-01 2024-12-31 SC690316 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC690316 ns10:SmallEntities 2024-01-01 2024-12-31 SC690316 ns10:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC690316 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC690316 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC690316 ns10:FullAccounts 2024-01-01 2024-12-31 SC690316 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 SC690316 ns10:Director2 2024-01-01 2024-12-31 SC690316 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC690316 ns5:CurrentFinancialInstruments 2024-12-31 SC690316 ns5:CurrentFinancialInstruments 2023-12-31 SC690316 ns5:ShareCapital 2024-12-31 SC690316 ns5:ShareCapital 2023-12-31 SC690316 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC690316 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC690316 ns5:ComputerEquipment 2024-01-01 2024-12-31 SC690316 ns5:LeaseholdImprovements 2023-12-31 SC690316 ns5:ComputerEquipment 2023-12-31 SC690316 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 SC690316 ns5:LeaseholdImprovements 2024-12-31 SC690316 ns5:ComputerEquipment 2024-12-31 SC690316 ns5:LeaseholdImprovements 2023-12-31 SC690316 ns5:ComputerEquipment 2023-12-31 SC690316 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2024-12-31 SC690316 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-12-31 SC690316 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: SC690316 (Scotland)

| UMEGA ESTATE AGENTS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2024 |

UMEGA ESTATE AGENTS LIMITED (REGISTERED NUMBER: SC690316)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

Company Information | 1 |

Chartered Certified Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 4 |

UMEGA ESTATE AGENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | A Whitmey

| N McInnes

| REGISTERED OFFICE: | The North Quarter

| 496 Ferry Road

| Edinburgh

| EH5 2DL

| REGISTERED NUMBER: | SC690316 (Scotland)

| ACCOUNTANTS: | russell + russell

| Chartered Certified Accountants

| 4 Royal Crescent

| Glasgow

| G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

UMEGA ESTATE AGENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Umega Estate Agents Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Umega Estate Agents Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Umega Estate Agents Limited and state those matters that we have agreed to state to the Board of Directors of Umega Estate Agents Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Umega Estate Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Umega Estate Agents Limited. You consider that Umega Estate Agents 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 financial statements of Umega Estate Agents 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 financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

2nd September 2025

UMEGA ESTATE AGENTS LIMITED (REGISTERED NUMBER: SC690316)

BALANCE SHEET

31ST DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 62,681 |  | 3,670 |  |

CURRENT ASSETS

Debtors | 5 | 20,607 |  | 39,314 |  |

Cash at bank | 21,261 |  | 25,045 |  |

41,868 |  | 64,359 |  |

CREDITORS

Amounts falling due within one year | 6 | 100,178 |  | 46,767 |  |

NET CURRENT (LIABILITIES)/ASSETS | (58,310 | ) | 17,592 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,371 |  | 21,262 |  |

PROVISIONS FOR LIABILITIES | 10,238 |  | 828 |  |

NET (LIABILITIES)/ASSETS | (5,867 | ) | 20,434 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 2 |  | 2 |  |

Retained earnings | (5,869 | ) | 20,432 |  |

SHAREHOLDERS' FUNDS | (5,867 | ) | 20,434 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 2nd September 2025 and were signed on its behalf by:

N McInnes - Director

UMEGA ESTATE AGENTS LIMITED (REGISTERED NUMBER: SC690316)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Umega Estate Agents 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Going concern

| The company had negative reserves of £5,867 as at 31st December 2024. Included in creditors are amounts owed to group undertakings of £29,091. It has been agreed that these loans will not be repaid to the detriment of the company's ability to trade. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

| Turnover

| The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Computer equipment | - | 33% straight line

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| 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.

UMEGA ESTATE AGENTS LIMITED (REGISTERED NUMBER: SC690316)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | - |  | 4,928 |  | 4,928 |  |

| Additions | 67,111 |  | 1,647 |  | 68,758 |  |

| At 31st December 2024 | 67,111 |  | 6,575 |  | 73,686 |  |

| DEPRECIATION

| At 1st January 2024 | - |  | 1,397 |  | 1,397 |  |

| Charge for year | 7,688 |  | 1,920 |  | 9,608 |  |

| At 31st December 2024 | 7,688 |  | 3,317 |  | 11,005 |  |

| NET BOOK VALUE

| At 31st December 2024 | 59,423 |  | 3,258 |  | 62,681 |  |

| At 31st December 2023 | - |  | 3,531 |  | 3,531 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 16,657 |  | 11,095 |  |

| Amounts owed by group undertakings | - |  | 27,915 |  |

| Other debtors | 3,950 |  | 304 |  |

20,607 |  | 39,314 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 45,950 |  | 29,599 |  |

| Amounts owed to group undertakings | 29,091 |  | 8,626 |  |

| Taxation and social security | 6,680 |  | 6,365 |  |

| Other creditors | 18,457 |  | 2,177 |  |

100,178 |  | 46,767 |  |

UMEGA ESTATE AGENTS LIMITED (REGISTERED NUMBER: SC690316)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 2 | Ordinary | 1 | 2 |  | 2 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Umega Holdings Ltd. The directors, Neil McInnes and Andrew Whitmey, are the shareholders of Umega Holdings Ltd and they are therefore considered to be the ultimate

| controlling party.

| Umega Holdings Ltd is a company registered in Scotland and its company number is SC536774. Its registered office is The North Quarter, 496 Ferry Road, Edinburgh, EH5 2DL.