Clyde Lets Ltd 31/08/2025 iXBRL

Company registration number: SC405035

Clyde Lets Ltd

Trading as Clyde Lets

Financial statements

31 August 2025

Clyde Lets Ltd

Directors report

Year ended 31 August 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2025.

Directors

The directors who served the company during the year were as follows:

Mr Zia Ul Haq

Mrs Ghazala Ahqir-Haq

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 07 May 2026 and signed on behalf of the board by:

Mr Zia Ul Haq

Director

Clyde Lets Ltd

Abridged statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	207,750		207,750
		_______		_______
			207,750		207,750

Current assets
Debtors		-		870
Cash at bank and in hand		11,067		4,103
		_______		_______
		11,067		4,973
Creditors: amounts falling due
within one year		( 58,717)		( 58,315)
		_______		_______
Net current liabilities			( 47,650)		( 53,342)
			_______		_______
Total assets less current liabilities			160,100		154,408

			_______		_______
Net assets			160,100		154,408
			_______		_______

Capital and reserves
Called up share capital			1		1
Share premium account			69,770		69,770
Profit and loss account			90,329		84,637
			_______		_______
Shareholder funds			160,100		154,408
			_______		_______

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge 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 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'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 07 May 2026 , and are signed on behalf of the board by:

Mr Zia Ul Haq

Director

Company registration number: SC405035

Clyde Lets Ltd

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 49 Westbourne Crescent, Bearsden, Glasgow, G61 4HB.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Tangible assets


		£
	Cost
	At 1 September 2024 and 31 August 2025	207,750
		_______
	Depreciation
	At 1 September 2024 and 31 August 2025	-
		_______
	Carrying amount
	At 31 August 2025	207,750
		_______
	At 31 August 2024	207,750
		_______