Company registration number SC741770 (Scotland)
PICKARD PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
PICKARD PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PICKARD PROPERTY LTD
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,971
832
Current assets
Debtors
4
13,910
7,472
Cash at bank and in hand
4,829
1,450
18,739
8,922
Creditors: amounts falling due within one year
5
(14,260)
(7,400)
Net current assets
4,479
1,522
Total assets less current liabilities
11,450
2,354
Creditors: amounts falling due after more than one year
6
(30,000)
-
0
Net (liabilities)/assets
(18,550)
2,354
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(18,551)
2,353
Total equity
(18,550)
2,354

For the financial year ended 31 August 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 May 2026
Mr M J Pickard
Director
Company registration number SC741770 (Scotland)
PICKARD PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Pickard Property Ltd is a private company limited by shares incorporated in Scotland. The registered office is Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.

1.1
Basis of preparation

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 £.

1.2
Going concern

At the end of the year, the company's liabilities exceeded it's assets by £18,550. A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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:

Fixtures and fittings
25% on a reducing balance basis
Computers
33% on a straight line basis
1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PICKARD PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
2
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
935
Additions
9,144
At 31 August 2025
10,079
Depreciation and impairment
At 1 September 2024
103
Depreciation charged in the year
3,005
At 31 August 2025
3,108
Carrying amount
At 31 August 2025
6,971
At 31 August 2024
832
PICKARD PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
390
7,472
Other debtors
13,520
-
0
13,910
7,472
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,793
-
0
Taxation and social security
1,174
357
Other creditors
10,293
7,043
14,260
7,400
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
30,000
-
0
2025-08-31 2024-09-01 false false false CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M J Pickard SC741770 2024-09-01 2025-08-31 SC741770 2025-08-31 SC741770 2024-08-31 SC741770 core:OtherPropertyPlantEquipment 2025-08-31 SC741770 core:OtherPropertyPlantEquipment 2024-08-31 SC741770 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC741770 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC741770 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 SC741770 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC741770 core:CurrentFinancialInstruments 2025-08-31 SC741770 core:CurrentFinancialInstruments 2024-08-31 SC741770 core:ShareCapital 2025-08-31 SC741770 core:ShareCapital 2024-08-31 SC741770 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC741770 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC741770 bus:Director1 2024-09-01 2025-08-31 SC741770 core:FurnitureFittings 2024-09-01 2025-08-31 SC741770 core:ComputerEquipment 2024-09-01 2025-08-31 SC741770 2023-09-01 2024-08-31 SC741770 core:OtherPropertyPlantEquipment 2024-08-31 SC741770 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 SC741770 core:Non-currentFinancialInstruments 2025-08-31 SC741770 core:Non-currentFinancialInstruments 2024-08-31 SC741770 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC741770 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC741770 bus:FRS102 2024-09-01 2025-08-31 SC741770 bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC741770 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP