Shax Dundee Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC614704

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		397,807		410,634

			397,807		410,634
CURRENT ASSETS
Cash at bank and in hand		1,213		1,505

		1,213		1,505
Creditors: Amounts Falling Due Within One Year	5	(306,179 )		(302,830 )

NET CURRENT ASSETS (LIABILITIES)			(304,966 )		(301,325 )

TOTAL ASSETS LESS CURRENT LIABILITIES			92,841		109,309

Creditors: Amounts Falling Due After More Than One Year	6		(123,836 )		(133,858 )

NET LIABILITIES			(30,995 )		(24,549 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(30,997 )		(24,551 )

SHAREHOLDERS' FUNDS			(30,995)		(24,549)

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Shax Dundee Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Mohammed Iqbal Latif

Director

29/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Shax Dundee Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC614704 . The registered office is 19 Forest Park Road, Dundee, DD1 5NZ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rental income receivable.

2.3. 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:

Fixtures & Fittings

10% RB

2.4. Investment Properties

Investment property is stated at cost. No depreciation is provided for the land and buildings held as investment properties. In director's opinion, there is no material difference between cost and fair value.

3. Average Number of Employees

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

4. Tangible Assets

	Investment Properties	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2024	282,371	193,732	476,103

As at 31 December 2024	282,371	193,732	476,103

Depreciation
As at 1 January 2024	-	65,469	65,469
Provided during the period	-	12,827	12,827

As at 31 December 2024	-	78,296	78,296

Net Book Value
As at 31 December 2024	282,371	115,436	397,807

As at 1 January 2024	282,371	128,263	410,634

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Shax Dundee Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	12,493	19,494
Bank loans and overdrafts	10,532	10,532
VAT	2,128	4,743
Director's loan account	206,010	206,350
Amounts owed to related parties	75,016	61,711

	306,179	302,830

6. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	123,836	133,858

7. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	2	2

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