REGISTERED NUMBER: SC330627 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

Petrie Buchanan Assets And Investments

Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mr J A Petrie

Mr C D McIntee

REGISTERED OFFICE:

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

REGISTERED NUMBER:

SC330627 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

4

165,011

166,271

CURRENT ASSETS

Debtors

5

750

43,936

Cash at bank

203,933

250,462

204,683

294,398

CREDITORS

Amounts falling due within one year

6

(505

)

42,877

NET CURRENT ASSETS

205,188

251,521

TOTAL ASSETS LESS CURRENT LIABILITIES

370,199

417,792

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

42,992

42,992

Retained earnings

327,107

374,700

SHAREHOLDERS' FUNDS

370,199

417,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 September 2025 and were signed on its behalf by:

Mr J A Petrie - Director

Mr C D McIntee - Director

1.	STATUTORY INFORMATION

Petrie Buchanan Assets And Investments 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

and 30 September 2024

176,972

17,633

2,738

197,343

DEPRECIATION

At 1 October 2023

10,710

17,625

2,737

31,072

Charge for year

1,260

-

-

1,260

At 30 September 2024

11,970

17,625

2,737

32,332

NET BOOK VALUE

At 30 September 2024

165,002

8

1

165,011

At 30 September 2023

166,262

8

1

166,271

1 Water Row, 816 Govan Road, Glasgow included at a valuation of £63,000 had a historic cost of £20,008. The property was revalued in April 2015 by Glasgow City Council.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

750

31,354

VAT

-

12,582

750

43,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,033

37,140

Tax

(3,483

)

3,633

Social security and other taxes

-

1,214

VAT

995

-

Accrued expenses

950

890

(505

)

42,877

7.

RESERVES

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

42,992