Company Registration No. SC415503 (Scotland)
Forth Property Ltd
Unaudited accounts
for the year ended 31 March 2025
Forth Property Ltd
Unaudited accounts
Contents
Forth Property Ltd
Company Information
for the year ended 31 March 2025
Director
Gennaro Cortellessa
Company Number
SC415503 (Scotland)
Registered Office
3a Jordan Lane
Edinburgh
Midlothian
EH10 4RB
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Forth Property Ltd
Statement of financial position
as at 31 March 2025
Investment property
1,171,173
1,318,534
Cash at bank and in hand
9,807
9,407
Creditors: amounts falling due within one year
(526,845)
(856,962)
Net current liabilities
(498,055)
(828,691)
Net assets
673,118
489,843
Called up share capital
10
10
Profit and loss account
673,108
489,833
Shareholders' funds
673,118
489,843
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 10 December 2025 and were signed on its behalf by
Gennaro Cortellessa
Director
Company Registration No. SC415503
Forth Property Ltd
Notes to the Accounts
for the year ended 31 March 2025
Forth Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC415503. The registered office is 3a Jordan Lane, , Edinburgh, Midlothian, EH10 4RB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
Fair value at 1 April 2024
1,318,534
At 31 March 2025
1,171,173
Amounts falling due within one year
Accrued income and prepayments
1,405
1,286
Other debtors
17,578
17,578
Forth Property Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,446
1,446
Amounts owed to group undertakings and other participating interests
460,000
811,043
Taxes and social security
57,139
34,498
Other creditors
7,600
9,375
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).