1 March 2024 false No description of principal activity Taxfiler 2024.6 SC588399business:PrivateLimitedCompanyLtd2024-03-012025-02-28 SC5883992024-02-29 SC5883992024-03-012025-02-28 SC588399business:AuditExempt-NoAccountantsReport2024-03-012025-02-28 SC588399business:FilletedAccounts2024-03-012025-02-28 SC5883992025-02-28 SC588399business:Director12024-03-012025-02-28 SC588399business:Director22024-03-012025-02-28 SC588399business:RegisteredOffice2024-03-012025-02-28 SC5883992024-02-29 SC588399core:WithinOneYear2025-02-28 SC588399core:WithinOneYear2024-02-29 SC588399core:AfterOneYear2025-02-28 SC588399core:AfterOneYear2024-02-29 SC588399core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 SC588399core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC588399core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 SC588399core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC588399core:PreviouslyStatedAmount2025-02-28 SC588399core:PreviouslyStatedAmount2024-02-29 SC588399business:SmallEntities2024-03-012025-02-28 SC588399countries:Scotland2024-03-012025-02-28 SC588399core:LandBuildings2024-02-29 SC588399core:LandBuildings2024-03-012025-02-28 SC588399core:LandBuildings2025-02-28 SC5883992023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. SC588399 (Scotland)
N & P Property Limited Unaudited accounts for the year ended 28 February 2025
N & P Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
N & P Property Limited Company Information for the year ended 28 February 2025
Directors
Peter Murray Neil Allan
Company Number
SC588399 (Scotland)
Registered Office
57 A BREDILAND ROAD LINWOOD PAISLEY RENFREWSHIRE PA3 3RA UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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N & P Property Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
221,540 
76,604 
Current assets
Cash at bank and in hand
3,133 
1,565 
Creditors: amounts falling due within one year
5
(72,760)
(32,143)
Net current liabilities
(69,627)
(30,578)
Total assets less current liabilities
151,913 
46,026 
Creditors: amounts falling due after more than one year
6
(153,174)
(46,562)
Net liabilities
(1,261)
(536)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,262)
(537)
Shareholders' funds
(1,261)
(536)
For the year ending 28 February 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Peter Murray Director Company Registration No. SC588399
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N & P Property Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
N & P Property Limited is a private company, limited by shares, registered in Scotland, registration number SC588399. The registered office is 57 A BREDILAND ROAD, LINWOOD, PAISLEY, RENFREWSHIRE, PA3 3RA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets consists of Land & buildings. No depreciation is charged on Land & buildings.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable by the company.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2024
76,604 
Additions
144,936 
At 28 February 2025
221,540 
Depreciation
At 28 February 2025
- 
Net book value
At 28 February 2025
221,540 
At 29 February 2024
76,604 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
5,292 
Loans from directors
72,401 
26,588 
Accruals
359 
263 
72,760 
32,143 
- 5 -
N & P Property Limited Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
153,174 
46,562 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -