Strathdee Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC530795

Strathdee Property Ltd

Filleted Unaudited Financial Statements

31 March 2025

Strathdee Property Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	820	911
Investment Property	5	398,032	481,366
		---------	---------
		398,852	482,277

Current assets

Cash at bank and in hand	5,490	172

Creditors: amounts falling due within one year	6	235,695	287,918
		---------	---------
Net current liabilities		230,205	287,746
		---------	---------
Total assets less current liabilities		168,647	194,531

Creditors: amounts falling due after more than one year	7	–	87,224
		---------	---------
Net assets		168,647	107,307
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	168,645	107,305
	---------	---------
Shareholders funds	168,647	107,307
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Strathdee Property Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:

Mr J O'Gorman

Director

Company registration number: SC530795

Strathdee Property Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Strathdee Road, Glasgow, Scotland, G44 3TJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% reducing balance

4. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2024 and 31 March 2025	1,714
	-------
Depreciation
At 1 April 2024	803
Charge for the year	91
	-------
At 31 March 2025	894
	-------
Carrying amount
At 31 March 2025	820
	-------
At 31 March 2024	911
	-------

5. Investment property

	Other investments other than loans
	£
Cost
At 1 April 2024	481,366
Disposals	( 83,334)
	---------
At 31 March 2025	398,032
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	398,032
	---------
At 31 March 2024	481,366
	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	223	1,800
Corporation tax	17,407	3,380
Other creditors	218,065	282,738
	---------	---------
	235,695	287,918
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	87,224
	----	--------

8. Directors' advances, credit and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J O'Gorman	( 138,082)	( 600)	22,451	( 116,231)
Mrs D O'Gorman	( 143,186)	( 9,228)	52,200	( 100,214)
	---------	-------	--------	---------
	( 281,268)	( 9,828)	74,651	( 216,445)
	---------	-------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J O'Gorman	( 117,628)	( 20,454)	–	( 138,082)
Mrs D O'Gorman	( 116,845)	( 26,341)	–	( 143,186)
	---------	--------	----	---------
	( 234,473)	( 46,795)	–	( 281,268)
	---------	--------	----	---------