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Registered Number: SC538928
Scotland

 

 

 


Unaudited Financial Statements


for the year ended 31 December 2024

for

ABLE PROPERTY LTD

Able Property Ltd
Contents Page
For the year ended 31 December 2024
Directors Derek McGroarty
Susan McGroarty
Registered Number SC538928
Registered Office 2 Deaconsbank Avenue
Thornliebank
Glasgow
G46 7UN
1
Director's report and financial statements
The directors present his/her/their report and accounts for the year ended 31 December 2024.
Directors
The directors who served the company throughout the year were as follows:
Derek McGroarty
Susan McGroarty
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
  • select suitable accounting policies and then apply them consistently
  • make judgements and estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf by:


----------------------------------
Derek McGroarty
Director

Date approved: 11 September 2025
2
You believe that Able Property Ltd is exempt from an audit for the year ended 31 December 2024. You acknowledge your responsibilities for complying with the requirements of the Companies Act 2006, with respect to Able Property Ltd accounting records and the preparation of its accounts. Directors responsibilities include ensuring that the accounts present a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year ended year ended 31 December 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Able Property Ltd for year ended 31 December 2024 which comprise which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements. Accordingly, our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.


31 December 2024



2 Glasgow Road
Dennyloanhead
Stirlingshire
FK4 1QF
11 September 2025
3
  2024   2023
    £ £   £ £
Fixed assets   -      161 
Current assets 272      2,963   
Prepayments and accrued income -      2,453   
Creditors: amount falling due within one year (24,367)     (38,726)  
Net current assets   (24,095)     (33,310)
Total assets less current liabilities   (24,095)     (33,149)
Net assets   (24,095)     (33,149)
 

         
Capital and reserves   (24,095)     (33,149)
 
NOTES TO THE ACCOUNTS

General Information
Able Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC538928, registration address 2 Deaconsbank Avenue, Thornliebank, Glasgow, G46 7UN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 11 September 2025 and were signed on its behalf by:


--------------------------------
Derek McGroarty
Director
4