REGISTERED NUMBER: SC756924 (Scotland)

A&M PROPERTY DEVELOPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Rebecchi

REGISTERED OFFICE:

Suite 1, 32 Kempock Street

Gourock

PA19 1NA

REGISTERED NUMBER:

SC756924 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Investment property

4

133,553

81,615

CURRENT ASSETS

Debtors

5

-

231

Cash at bank

28,474

2,559

28,474

2,790

CREDITORS

Amounts falling due within one year

6

131,763

85,695

NET CURRENT LIABILITIES

(103,289

)

(82,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,264

(1,290

)

CREDITORS

Amounts falling due after more than one year

7

24,755

-

NET ASSETS/(LIABILITIES)

5,509

(1,290

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,409

(1,390

)

SHAREHOLDERS' FUNDS

5,509

(1,290

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

M G Rebecchi - Director

1.	STATUTORY INFORMATION

A&M Property Development Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

Turnover

Turnover represents rental income receivable in the year.

Investment property

Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

Financial instruments

Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

81,615

Additions

51,938

At 31 January 2025

133,553

NET BOOK VALUE

At 31 January 2025

133,553

At 31 January 2024

81,615

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

-

231

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

1,794

-

Taxation and social security

1,269

-

Other creditors

128,700

85,695

131,763

85,695

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

24,755

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

15,297

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

26,549

-

The company has provided a floating charge over the company's assets and a fixed security over one of the company's properties to the company's bankers.

9.	RELATED PARTY DISCLOSURES