Registered number: SC129056 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
Davina Winter | ||||||||
REGISTERED OFFICE | ||||||||
Fife | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,655 | 921 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 249 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 5 | |||||||||
Profit and loss account | 937 | 239 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 100 | 50 | ||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Other creditors | 708 | 672 | ||||||
708 | 672 | |||||||
5. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
10 | 10 | |||||||
10 | 10 | |||||||