Salo Property Services Limited

Contents
	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC666064

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		219,373		203,147

			219,373		203,147
CURRENT ASSETS
Debtors	5	547,335		122,849
Cash at bank and in hand		12,350		31,994

		559,685		154,843
Creditors: Amounts Falling Due Within One Year	6	(916,365 )		(456,140 )

NET CURRENT ASSETS (LIABILITIES)			(356,680 )		(301,297 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(137,307 )		(98,150 )

NET LIABILITIES			(137,307 )		(98,150 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(137,309 )		(98,152 )

SHAREHOLDERS' FUNDS			(137,307)		(98,150)

For the year ending 31 July 2024 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Michelle Vidler

Director

18th September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Salo Property Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC666064 . The registered office is Samoya, Queens Road, Dunbar, East Lothian, EH42 1QH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Fair Value
Plant & Machinery	3 Years Straight Line
Computer Equipment	4 Years SL

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2023	199,543	9,267	1,136	209,946
Additions	18,917	-	-	18,917

As at 31 July 2024	218,460	9,267	1,136	228,863

Depreciation
As at 1 August 2023	-	6,361	438	6,799
Provided during the period	-	2,316	375	2,691

As at 31 July 2024	-	8,677	813	9,490

Net Book Value
As at 31 July 2024	218,460	590	323	219,373

As at 1 August 2023	199,543	2,906	698	203,147

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	451,347	-
VAT	2,757	14,150
Directors' loan accounts	93,231	60,870
Amounts owed by other participating interests	-	47,829

	547,335	122,849

Page 2

Page 3

Salo Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	451	-
Bank loans and overdrafts	914,964	455,690
Accruals and deferred income	950	450

	916,365	456,140

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2