Company registration number SC204626 (Scotland)
Perthshire Solicitors Property Centre Limited
unaudited financial statements
for the year ended 30 June 2025
Pages for filing with registrar
Perthshire Solicitors Property Centre Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Perthshire Solicitors Property Centre Limited
Balance sheet
as at 30 June 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
1,463
Current assets
Debtors
5
6,497
1,584
Cash at bank and in hand
13,503
19,384
20,000
20,968
Creditors: amounts falling due within one year
6
(14,967)
(38,952)
Net current assets/(liabilities)
5,033
(17,984)
Net assets/(liabilities)
5,033
(16,521)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
7
5,032
(16,522)
Total equity
5,033
(16,521)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 January 2026 and are signed on its behalf by:
RJG Couston
Director
Company registration number SC204626 (Scotland)
Perthshire Solicitors Property Centre Limited
Notes to the financial statements
for the year ended 30 June 2025
- 2 -
1
Accounting policies
Company information

Perthshire Solicitors Property Centre Limited is a private company limited by shares incorporated in Scotland. The registered office is 11 Whitehall Crescent, Dundee, DD1 4AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is derived from the company's principal activity and is stated net of value added tax. Turnover is recognised when the fee is raised for the property insertion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% reducing balance
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Perthshire Solicitors Property Centre Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
1
Accounting policies (continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Perthshire Solicitors Property Centre Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
1
Accounting policies (continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
8
Perthshire Solicitors Property Centre Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 July 2024
4,885
Disposals
(4,885)
At 30 June 2025
-
0
Amortisation and impairment
At 1 July 2024
4,885
Disposals
(4,885)
At 30 June 2025
-
0
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024
3,851
107,501
111,352
Disposals
(3,851)
(107,501)
(111,352)
At 30 June 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 July 2024
3,832
106,057
109,889
Eliminated in respect of disposals
(3,832)
(106,057)
(109,889)
At 30 June 2025
-
0
-
0
-
0
Carrying amount
At 30 June 2025
-
0
-
0
-
0
At 30 June 2024
19
1,444
1,463
Perthshire Solicitors Property Centre Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,497
1,584
Other debtors
2,000
-
0
6,497
1,584
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
730
-
0
Taxation and social security
2,925
2,780
Other creditors
11,312
36,172
14,967
38,952
7
Profit and loss reserves

Profit and loss reserves include all current and prior period retained profits and losses.

8
Related party transactions

During the year to 30 June 2025, Tayside Solicitors Property Centre Limited made advances to Perthshire Solicitors Property Centre Limited of £Nil (2024 - £28,000) and paid costs on behalf of Perthshire Solicitors Property Centre Limited totalling £8,127 (2024 - £8,477) for rent, IT, marketing, legal fees and office clearance.

As at 30 June 2025, the company owed £7,305 to Tayside Solicitors Property Centre Limited (2024 - £34,477).

Transactions with SPC Scotland Limited for the year to 30 June 2025 totalled £475 (2024 - £475) and as at 30 June 2025 the company was due £Nil to SPC Scotland Limited (2024 - £Nil).

During the year ended 30 June 2025, the company paid TSPC Holdings Limited, its parent, £Nil (2024 - £6,667) for property rentals. This transaction was on an arms length basis.

9
Parent company

The company is wholly owned by TSPC Holdings Limited, a company registered in Scotland. The registered office is 11 Whitehall Crescent, Dundee, DD1 4AR. No one individual has overall control of TSPC Holdings Limited.

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