Pollard Property and Mortgages Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC707909 (Scotland)

Pollard Property and Mortgages Ltd

Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Vines

REGISTERED OFFICE:

2 Princes Street

Thurso

Caithness

KW14 7BQ

REGISTERED NUMBER:

SC707909 (Scotland)

ACCOUNTANTS:

The Long Partnership

Chartered Accountants

Chartered Tax Advisers

1 Sir John's Square

Thurso

Caithness

KW14 7AN

FIXED ASSETS

Tangible assets

4

29,452

31,582

CURRENT ASSETS

Debtors

5

54,261

49,100

Cash at bank and in hand

147,063

101,915

201,324

151,015

CREDITORS

Amounts falling due within one year

6

28,517

15,923

NET CURRENT ASSETS

172,807

135,092

TOTAL ASSETS LESS CURRENT
LIABILITIES

202,259

166,674

PROVISIONS FOR LIABILITIES

6,213

5,525

NET ASSETS

196,046

161,149

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

195,946

161,049

196,046

161,149

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

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

The director acknowledges her 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 10 December 2025 and were signed by:

Mrs M Vines - Director

1.	STATUTORY INFORMATION

Pollard Property and Mortgages Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

33% on reducing balance and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

COST

At 1 April 2024

1,658

39,427

41,085

Additions

-

7,546

Disposals

-

(583

)

(583

)

At 31 March 2025

1,658

46,390

48,048

DEPRECIATION

At 1 April 2024

-

9,503

Charge for year

-

9,266

Eliminated on disposal

-

(173

)

(173

)

At 31 March 2025

-

18,596

NET BOOK VALUE

At 31 March 2025

1,658

27,794

29,452

At 31 March 2024

1,658

29,924

31,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

12,187

2,251

Other debtors

42,074

46,849

54,261

49,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

1,505

3,879

Taxation and social security

26,706

11,731

Other creditors

306

313

28,517

15,923