| Lockharts Project Management & Engineering Services Limited |
| Registered Number:SC483151 |
For the year ended 31 July 2025
Scotland
Unaudited Financial Statements
For the year ended 31 July 2025
Lockharts Project Management & Engineering Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Lockharts Project Management & Engineering Services Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
266
-
2
3
848,000
825,000
848,266
825,000
83,732
| Cash and cash equivalents |
91,843
91,843
83,732
| Trade and other payables: amounts falling due within one year |
(14,591)
(25,828)
69,141
66,015
Net current assets
| Total assets less current liabilities |
914,281
894,141
| Trade and other payables: amounts falling due after more than one |
| year |
(510,895)
(431,207)
4
(25,339)
(19,702)
| Provisions for liabilities |
457,735
Net assets
363,544
130
130
101,356
83,993
356,249
279,421
457,735
363,544
Shareholders' funds
| For the year ended 31 July 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 of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Thomas Somers Lockhart Director |
| These financial statements were approved and authorised for issue by the Board on 16 October 2025 and were signed by: |
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For the year ended 31 July 2025
Lockharts Project Management & Engineering Services Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 July 2025
Lockharts Project Management & Engineering Services Limited
Notes to the Financial Statements
Statutory Information
| Lockharts Project Management & Engineering Services Limited is a private limited company, limited by shares, domiciled in |
| Scotland, registration number SC483151. |
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were |
| no material departures from that standard. |
| The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
| assets to fair value where required. |
Revenue recognition
Turnover represents rents receivable and project management and engineering services.
Investment property
| Investment property is shown at most recent valuation. The properties were revalued by the director on 31st July 2025.Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. |
Financial Instruments
| The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial |
| Instruments Issues" of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the |
| contractual provisions of a financial instrument. |
| Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank and |
| other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and liabilities |
| classified as receivable/payable within one year are not amortised. |
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For the year ended 31 July 2025
Lockharts Project Management & Engineering Services Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
399
399
| Provision for depreciation and impairment |
Charge for year
133
133
266
825,000
23,000
848,000
848,000
825,000
| If Investment properties were not revalued, they would be included at a cost of £721,306. The investment properties were revalued by the directors at 31st July 2025. Taxation on a potential gain if the investment properties were sold at valuation is approximately £25,000. |
| 4. Trade and other payables: amounts falling due after more than one year |
2024
2025
431,207
510,895
| The director is owed £431,207 from the Company at 31st July 2025. This is a non-interest bearing loan and there are no fixed repayment terms. |
| The fair value reserve represents unrealised profit on the revaluation of investment properties. The fair value reserve is therefore |
| non-distributable. |
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For the year ended 31 July 2025
Lockharts Project Management & Engineering Services Limited
Notes to the Financial Statements Continued
| 6. Related party transactions |
| Mr Thomas Lockhart was the Company's controlling party throughout the current year. Thomas Lockhart is the sole director and, |
| together with members of his close family, controls the entire issued share capital of the company. |
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
| The financial statements for the year ended 31 July 2025 of Lockharts Project Management & Engineering Services Limited |
| comply with FRS102 (The Financial Reporting Standard applicable in the UK and ROI). |
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