1 March 2024 false No description of principal activity Taxfiler 2024.6 SC655753 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC655753 2024-02-29 SC655753 2024-03-01 2025-02-28 SC655753 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC655753 business:FilletedAccounts 2024-03-01 2025-02-28 SC655753 2025-02-28 SC655753 business:Director1 2024-03-01 2025-02-28 SC655753 business:Director2 2024-03-01 2025-02-28 SC655753 business:Director3 2024-03-01 2025-02-28 SC655753 business:RegisteredOffice 2024-03-01 2025-02-28 SC655753 2024-02-29 SC655753 core:WithinOneYear 2025-02-28 SC655753 core:WithinOneYear 2024-02-29 SC655753 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 SC655753 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 SC655753 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 SC655753 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 SC655753 core:PreviouslyStatedAmount 2025-02-28 SC655753 core:PreviouslyStatedAmount 2024-02-29 SC655753 business:SmallEntities 2024-03-01 2025-02-28 SC655753 countries:Scotland 2024-03-01 2025-02-28 SC655753 core:FurnitureFittings 2024-03-01 2025-02-28 SC655753 core:FurnitureFittings 2024-02-29 SC655753 core:ComputerEquipment 2024-02-29 SC655753 core:FurnitureFittings 2025-02-28 SC655753 core:ComputerEquipment 2025-02-28 SC655753 business:OrdinaryShareClass1 2024-03-01 2025-02-28 SC655753 business:OrdinaryShareClass1 2023-03-01 2024-02-29 SC655753 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC655753 (Scotland)
FHC PROPERTY LTD Unaudited accounts for the year ended 28 February 2025
FHC PROPERTY LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FHC PROPERTY LTD Company Information for the year ended 28 February 2025
Directors
Mr Robert Cameron Mrs Moira Ann Cameron Mr Fraser Hugh Cameron
Company Number
SC655753 (Scotland)
Registered Office
FHC Property Limited 2 Kirk Brae Lochaline PA80 5XW Scotland
Accountants
The Highland Bookkeeper 2 Achnaha View Lochaline Morvern Argyll PA80 5AB
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FHC PROPERTY LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
(1)
(1)
Investment property
5
206,697
206,697
206,696
206,696
Current assets
Cash at bank and in hand
10,989
17,474
Creditors: amounts falling due within one year
6
(197,487)
(215,041)
Net current liabilities
(186,498)
(197,567)
Net assets
20,198
9,129
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
20,098
9,029
Shareholders' funds
20,198
9,129
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 22 October 2025 and were signed on its behalf by
Mr Fraser Hugh Cameron Director Company Registration No. SC655753
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FHC PROPERTY LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
FHC PROPERTY LTD is a private company, limited by shares, registered in Scotland, registration number SC655753. The registered office is FHC Property Limited, 2 Kirk Brae, Lochaline, PA80 5XW, Scotland.
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.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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FHC PROPERTY LTD Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
9,880
1,880
11,760
At 28 February 2025
9,880
1,880
11,760
Depreciation
At 1 March 2024
9,880
1,881
11,761
At 28 February 2025
9,880
1,881
11,761
Net book value
At 28 February 2025
-
(1)
(1)
At 29 February 2024
-
(1)
(1)
5
Investment property
2025
£
Fair value at 1 March 2024
206,697
At 28 February 2025
206,697
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
2,368
1,972
Loans from directors
194,469
212,469
Accruals
650
600
197,487
215,041
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Creditors include the following amounts which are owed to individuals who were directors of the company during the year: Mrs Moira Ann Cameron £98,849 Mr Robert Cameron £98,849 Less £3,229 owed from a related company, Highland Basecamp Ltd, in which Mr Fraser Cameron is also a director. The above loan is payable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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