GS Property Services Scotland Limited 30/06/2025 iXBRL

Company registration number: SC664828

GS Property Services Scotland Limited

Unaudited filleted financial statements

30 June 2025

GS Property Services Scotland Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

GS Property Services Scotland Limited

Directors and other information


	Director	Gavin MacDonald


	Company number	SC664828


	Registered office	16-18 Weir Street
		Falkirk
		FK1 1RA


	Business address	Viewforth, High Road
		Maddiston
		Falkirk
		FK2 0BL


	Accountants	Barrie Scott & Co.
		16-18 Weir Street
		Falkirk
		FK1 1RA

GS Property Services Scotland Limited

Report to the director on the preparation of the

unaudited statutory financial statements of GS Property Services Scotland Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GS Property Services Scotland Limited for the year ended 30 June 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.

This report is made solely to the director of GS Property Services Scotland Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of GS Property Services Scotland Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GS Property Services Scotland Limited and its director as a body for our work or for this report.

It is your duty to ensure that GS Property Services Scotland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GS Property Services Scotland Limited. You consider that GS Property Services Scotland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GS Property Services Scotland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrie Scott & Co.

Accountants & Tax Advisers

16-18 Weir Street

Falkirk

FK1 1RA

GS Property Services Scotland Limited

Statement of financial position

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	299,165		232,010
		_______		_______
			299,165		232,010

Current assets
Debtors	6	2,685		990
Cash at bank and in hand		8,002		17,995
		_______		_______
		10,687		18,985
Creditors: amounts falling due
within one year	7	( 83,908)		( 75,084)
		_______		_______
Net current liabilities			( 73,221)		( 56,099)
			_______		_______
Total assets less current liabilities			225,944		175,911

Creditors: amounts falling due
after more than one year	8		( 200,256)		( 158,314)
			_______		_______
Net assets			25,688		17,597
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			25,687		17,596
			_______		_______
Shareholder funds			25,688		17,597
			_______		_______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Gavin MacDonald

Director

Company registration number: SC664828

GS Property Services Scotland Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 16-18 Weir Street, Falkirk, FK1 1RA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received for rental income net of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 July 2024	232,010	232,010
Additions	67,155	67,155
	_______	_______
At 30 June 2025	299,165	299,165
	_______	_______
Impairment
At 1 July 2024 and 30 June 2025	-	-
	_______	_______
Carrying amount
At 30 June 2025	299,165	299,165
	_______	_______
At 30 June 2024	232,010	232,010
	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	2,685	990
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,058	2,956
Corporation tax	1,898	1,129
Other creditors	78,952	70,999
	_______	_______
	83,908	75,084
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	200,256	158,314
	_______	_______