Scope Property & Development Services Li - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC706378 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2023

for

SCOPE PROPERTY & DEVELOPMENT SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P H McIntyre

D S Mcintyre

REGISTERED OFFICE:

Oakfield House 376-378 Brandon Street

Motherwell

ML1 1XA

REGISTERED NUMBER:

SC706378 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

111,422

111,422

CURRENT ASSETS

Debtors

5

850

850

Cash at bank

185

2,188

1,035

3,038

CREDITORS

Amounts falling due within one year

6

42,745

42,545

NET CURRENT LIABILITIES

(41,710

)

(39,507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

69,712

71,915

CREDITORS

Amounts falling due after more than one year

7

75,295

75,295

NET LIABILITIES

(5,583

)

(3,380

)

RESERVES

Retained earnings

(5,583

)

(3,380

)

(5,583

)

(3,380

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:

D S Mcintyre - Director

Mrs P H McIntyre - Director

1.	STATUTORY INFORMATION

Scope Property & Development Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 September 2022

and 31 August 2023

111,422

NET BOOK VALUE

At 31 August 2023

111,422

At 31 August 2022

111,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

850

850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Directors' current accounts

41,725

41,525

Accruals and deferred income

1,020

1,020

42,745

42,545

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans more 5 yr by instal

75,295

75,295

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

75,295

75,295