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Registered number: SC129056

Balgarvie Court Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

Prepared By:
Cunningham Grant
Chartered Accountants
G6, The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ

Balgarvie Court Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
DIRECTORS
Archibald Davidson
Robert Imrie
SECRETARY
Davina Winter
REGISTERED OFFICE
9 Balgarvie Court
Cupar
Fife
KY15 4AT
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC129056
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
G6, The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ

Balgarvie Court Limited

FINANCIAL STATEMENTS
FOR THEYEARENDED31 JANUARY 2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Balgarvie Court Limited

BALANCE SHEET AT 31 January 2022
20222021
Notes££
CURRENT ASSETS
Debtors310050
Cash at bank and in hand1,555871
1,655921
CREDITORS: Amounts falling due within one year4708672
NET CURRENT ASSETS947249
TOTAL ASSETS LESS CURRENT LIABILITIES947249
CAPITAL AND RESERVES
Called up share capital51010
Profit and loss account937239
SHAREHOLDERS' FUNDS947249
For the year ending 31 January 2022 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15 August 2022 and signed on their behalf by
.............................
Robert Imrie
Director

Balgarvie Court Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2022
1. ACCOUNTING POLICIES
1a. General Information And Basis Of Preparation
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
The financial statements have been prepared in accordance with Financial Reporting Standard (FRS) 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. There were no material departures from that standard.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1b. Debtors Receivable And Creditors Payable Within One Year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1c. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Balgarvie Court Limited

1d. Turnover
Turnover is measured at the fair value of the consideration received.
Turnover from the sale of goods is recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect to the transaction can be measured reliably.
When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date. When the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
2. EMPLOYEES
20222021
No.No.
Average number of employees--
3. DEBTORS 20222021
££
Amounts falling due within one year:
Trade debtors10050
10050
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Other creditors708672
708672
5. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010