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Registration number: SC625727

Simple Approach Estate and Letting Agents Dundee Ltd
Unaudited Financial Statements
for the Year Ended 31 March 2025

Simple Approach Estate and Letting Agents Dundee Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

Simple Approach Estate and Letting Agents Dundee Ltd

(Registration number: SC625727)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 634 | -
Current assets |  |  |
Debtors | 5 | 22,400 | 15,225
Cash at bank and in hand |  | 12,440 | 8,597
|  | 34,840 | 23,822
Creditors: Amounts falling due within one year | 6 | (16,658) | (10,091)
Net current assets |  | 18,182 | 13,731
Net assets |  | 18,816 | 13,731
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Retained earnings |  | 18,806 | 13,721
Shareholders' funds |  | 18,816 | 13,731

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:

......................................... Tom Brown Director

Simple Approach Estate and Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
284 Perth Road
Dundee
DD2 1AN

These financial statements were authorised for issue by the Board on 27 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Simple Approach Estate and Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Simple Approach Estate and Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

Simple Approach Estate and Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | - | 3,800 | 3,800
Additions | 801 | - | 801
At 31 March 2025 | 801 | 3,800 | 4,601
Depreciation
At 1 April 2024 | - | 3,800 | 3,800
Charge for the year | 167 | - | 167
At 31 March 2025 | 167 | 3,800 | 3,967
Carrying amount
At 31 March 2025 | 634 | - | 634

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 19,074 | 12,169
Prepayments | 3,326 | 3,056
| 22,400 | 15,225

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 200 | 76
Taxation and social security | 9,280 | 3,013
Accruals and deferred income | 1,154 | 1,050
Other creditors | 6,024 | 5,952
| 16,658 | 10,091

Simple Approach Estate and Letting Agents Dundee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £1,950.00 (2024 - £500.00) per each Ordinary |  | 19,500 |  | 5,000