Property Studios Limited Accounts






Property Studios Limited

	Company No. SC466923
		Information for Filing with The Registrar
		31 January 2025

The Directors present their report and the accounts for the year ended 31 January 2025.

Principal activities
The principal activity of the company during the year under review was management of real estate on a fee or contract basis.




Directors

The Directors who served at any time during the year were as follows:

M. Kirkbright
M. Milnes








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M. Milnes
Director
10 October 2025

at	31 January 2025
Company No.		SC466923	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	-	2,391


				-	2,391
Current assets

	Debtors		5	164,997	137,194

	Cash at bank and in hand			211	277
				165,208	137,471
Creditors: Amount falling due within one year			6	(118,194)	(103,339)
Net current assets				47,014	34,132
Total assets less current liabilities				47,014	36,523
Creditors: Amounts falling due after more than one year			7	(24,640)	-



Net assets				22,374	36,523

Capital and reserves
	Called up share capital			101	105
	Share premium account			-	4,995


	Profit and loss account		9	22,273	31,423

Total equity				22,374	36,523



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 10 October 2025 and signed on its behalf by:
M. Milnes
Director
10 October 2025

for the year ended 31 January 2025

General information

Property Studios Limited is a private company limited by shares and incorporated in Scotland.

Its registered number is: SC466923

Its registered office is:

Briglands House

Rumbling Bridge

Kinross

Scotland

KY13 0PS

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	8	8

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 February 2024	16,078	16,078




		At 31 January 2025	16,078	16,078
		Depreciation
		At 1 February 2024	13,687	13,687
		Charge for the year	2,391	2,391



		At 31 January 2025	16,078	16,078
		Net book values
		At 31 January 2025	-	-
		At 31 January 2024	2,391	2,391

5	Debtors
			2025	2024
			£	£
		Trade debtors	96,191	67,140




		Loans to directors	-	144
		Other debtors	68,806	68,941
		Prepayments and accrued income	-	969
			164,997	137,194

6	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	30,611	29,280


		Trade creditors	26,384	24,199

		Taxes and social security	54,428	41,900
		Loans from directors	5,891	5,974
		Other creditors	879	921
		Accruals and deferred income	1	1,065
			118,194	103,339

7	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	24,640	-






			24,640	-

Share Capital

1000 Ordinary A shares valued at £100. 53 Ordinary B shares valued at £1

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	47,634	-
		Dividends accrued at the period end	-	55,578
			47,634	55,578

		Dividends by type:
		Non-equity preference dividends	-	-
		Equity dividends	47,634	55,578
			47,634	55,578