Paterson Building Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC200088 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Paterson Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Paterson

D Paterson

SECRETARY:

Miss E A Paterson

REGISTERED OFFICE:

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

REGISTERED NUMBER:

SC200088 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

359

1,498

Investment property

5

1,543,500

1,543,859

1,544,998

CURRENT ASSETS

Debtors

6

79,628

22,650

Cash at bank

89,131

185,905

168,759

208,555

CREDITORS

Amounts falling due within one year

7

22,943

66,535

NET CURRENT ASSETS

145,816

142,020

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,689,675

1,687,018

PROVISIONS FOR LIABILITIES

149,062

149,032

NET ASSETS

1,540,613

1,537,986

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

747,405

Retained earnings

793,108

790,481

1,540,613

1,537,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

D Paterson - Director

M Paterson - Director

1.	STATUTORY INFORMATION

Paterson Building Services 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 as modified by the revaluation of certain assets.

Turnover

Gross rents received and receivable from properties are included in the profit and loss account on the basis that credit is taken when rents fall due for payment. provision is made for any rents due not considered recoverable.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include deposits held with banks.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 October 2024

and 30 September 2025

13,427

599

14,026

DEPRECIATION

At 1 October 2024

12,408

120

12,528

Charge for year

1,019

120

1,139

At 30 September 2025

13,427

240

13,667

NET BOOK VALUE

At 30 September 2025

-

359

At 30 September 2024

1,019

479

1,498

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

1,543,500

NET BOOK VALUE

At 30 September 2025

1,543,500

At 30 September 2024

1,543,500

Fair value at 30 September 2025 is represented by:

£

Valuation in 2004

29,877

Valuation in 2006

150,000

Valuation in 2012

(88,500

)

Valuation in 2013

(350,000

)

Valuation in 2015

50,000

Valuation in 2024

1,093,500

Cost

658,623

1,543,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

3,480

1,650

Other debtors

76,148

21,000

79,628

22,650

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade creditors

255

40

Taxation and social security

8,372

28,248

Other creditors

14,316

38,247

22,943

66,535

8.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

747,405

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

D Paterson

Balance outstanding at start of year

10,500

-

Amounts advanced

35,032

27,000

Amounts repaid

(13,250

)

(16,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,282

10,500

M Paterson

Balance outstanding at start of year

10,500

-

Amounts advanced

35,302

27,000

Amounts repaid

(13,250

)

(16,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,552

10,500

The above loans are interest free and repayable on demand.