Property Investment Finance Ltd - Accounts to registrar (filleted)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Property Investment Finance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Devine

SECRETARY:

REGISTERED OFFICE:

Woodhaven

Abercromby Drive

Bridge of Allan

FK9 4EA

REGISTERED NUMBER:

SC555012 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

517

689

517

689

CURRENT ASSETS

Debtors

6

21,806

2,434

Cash at bank and in hand

23,537

28,428

45,343

30,862

CREDITORS

Amounts falling due within one year

7

16,581

9,706

NET CURRENT ASSETS

28,762

21,156

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,279

21,845

CREDITORS

Amounts falling due after more than one
year

8

11,372

13,889

NET ASSETS

17,907

7,956

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

17,906

7,955

SHAREHOLDERS' FUNDS

17,907

7,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 15 September 2025 and were signed by:

A Devine - Director

1.	STATUTORY INFORMATION

Property Investment Finance Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

15,000

AMORTISATION

At 1 June 2024

and 31 May 2025

15,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

2,529

DEPRECIATION

At 1 June 2024

1,840

Charge for year

172

At 31 May 2025

2,012

NET BOOK VALUE

At 31 May 2025

517

At 31 May 2024

689

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

7,611

2,434

Other debtors

14,195

-

21,806

2,434

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

2,778

Taxation and social security

12,015

5,149

Other creditors

1,788

1,779

16,581

9,706

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Bank loans

11,372

13,889

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 June 2024

7,955

Profit for the year

47,251

Dividends

(37,300

)

At 31 May 2025

17,906

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

A Devine

Balance outstanding at start of year

(56

)

4,325

Amounts advanced

14,252

(4,381

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

14,196

(56

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is A Devine.