1 June 2024 false No description of principal activity Taxfiler 2024.6 SC629426 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC629426 2024-05-31 SC629426 2024-06-01 2025-05-31 SC629426 business:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC629426 business:FilletedAccounts 2024-06-01 2025-05-31 SC629426 2025-05-31 SC629426 business:Director1 2024-06-01 2025-05-31 SC629426 business:Director2 2024-06-01 2025-05-31 SC629426 business:RegisteredOffice 2024-06-01 2025-05-31 SC629426 2024-05-31 SC629426 core:WithinOneYear 2025-05-31 SC629426 core:WithinOneYear 2024-05-31 SC629426 core:AfterOneYear 2025-05-31 SC629426 core:AfterOneYear 2024-05-31 SC629426 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 SC629426 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 SC629426 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 SC629426 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 SC629426 core:PreviouslyStatedAmount 2025-05-31 SC629426 core:PreviouslyStatedAmount 2024-05-31 SC629426 business:SmallEntities 2024-06-01 2025-05-31 SC629426 countries:Scotland 2024-06-01 2025-05-31 SC629426 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC629426 (Scotland)
PROAM PROPERTIES LTD Unaudited accounts for the year ended 31 May 2025
PROAM PROPERTIES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PROAM PROPERTIES LTD Company Information for the year ended 31 May 2025
Directors
Stewart Leslie Savage Aileen Savage
Company Number
SC629426 (Scotland)
Registered Office
118 MONKLAND AVENUE KIRKINTILLOCH GLASGOW G66 3BS SCOTLAND
Accountants
SK and Co 3rd Floor, St. Georges Building 5 St. Vincent Place Glasgow G1 2DH
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PROAM PROPERTIES LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
431,851
431,851
Current assets
Cash at bank and in hand
4,338
6,632
Creditors: amounts falling due within one year
5
(69,940)
(74,272)
Net current liabilities
(65,602)
(67,640)
Total assets less current liabilities
366,249
364,211
Creditors: amounts falling due after more than one year
6
(357,219)
(354,262)
Net assets
9,030
9,949
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,930
9,849
Shareholders' funds
9,030
9,949
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 3 February 2026 and were signed on its behalf by
Stewart Leslie Savage Director Company Registration No. SC629426
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PROAM PROPERTIES LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
PROAM PROPERTIES LTD is a private company, limited by shares, registered in Scotland, registration number SC629426. The registered office is 118 MONKLAND AVENUE, KIRKINTILLOCH, GLASGOW, G66 3BS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025
£
Fair value at 1 June 2024
431,851
At 31 May 2025
431,851
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
550
891
Loans from directors
67,230
72,661
Accruals
2,160
720
69,940
74,272
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
357,219
354,262
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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