Landlord Compliance (Scotland) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC527404

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,877		3,680

			1,877		3,680
CURRENT ASSETS
Debtors	5	14,833		7,113
Cash at bank and in hand		17,298		22,717

		32,131		29,830
Creditors: Amounts Falling Due Within One Year	6	(20,942 )		(17,365 )

NET CURRENT ASSETS (LIABILITIES)			11,189		12,465

TOTAL ASSETS LESS CURRENT LIABILITIES			13,066		16,145

Creditors: Amounts Falling Due After More Than One Year	7		(19,389 )		(23,754 )

NET LIABILITIES			(6,323 )		(7,609 )

CAPITAL AND RESERVES
Called up share capital	8		20		20
Profit and Loss Account			(6,343 )		(7,629 )

SHAREHOLDERS' FUNDS			(6,323)		(7,609)

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Landlord Compliance (Scotland) Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K J Dempsey

Director

23 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Landlord Compliance (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC527404 . The registered office is 4th Floor, 115 George Street, Edinburgh, EH2 4JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

As at the balance sheet date the company was in a net liabilities position. The director considers that, with his continued support, the company will continue to meet its obligations as they fall due. On this basis he considers it appropriate to prepare these accounts on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	33.3% straight line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Landlord Compliance (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	10,019	141	3,147	13,307
Additions	-	-	408	408
Disposals	-	-	(797 )	(797 )

As at 31 March 2025	10,019	141	2,758	12,918

Depreciation
As at 1 April 2024	6,512	117	2,998	9,627
Provided during the period	2,004	24	183	2,211
Disposals	-	-	(797 )	(797 )

As at 31 March 2025	8,516	141	2,384	11,041

Net Book Value
As at 31 March 2025	1,503	-	374	1,877

As at 1 April 2024	3,507	24	149	3,680

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,546	7,113
Prepayments and accrued income	290	-
Director's loan account	1,997	-

	14,833	7,113

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,651	3,434
Bank loans and overdrafts	4,360	4,254
Corporation tax	66	1
Other taxes and social security	885	649
VAT	9,751	8,782
Other creditors	-	52
Accruals and deferred income	229	-
Director's loan account	-	193

	20,942	17,365

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Landlord Compliance (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	19,389	23,754

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	20	20

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Kevin Dempsey	(193 )	2,190	-	-	1,997

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

As at 31 March 2025, the director owed the company £1,997 (2024: company owed the director £193).

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