REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
FOR |
JS RAMSAY ESTATES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
FOR |
JS RAMSAY ESTATES LIMITED |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JS RAMSAY ESTATES LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 October 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
20A Strathearn Road |
Edinburgh |
EH9 2AB |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
BALANCE SHEET |
31 October 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 | ( |
) | ( |
) |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
BALANCE SHEET - continued |
31 October 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
1. | STATUTORY INFORMATION |
Js Ramsay Estates Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis on the assumption that the company will continue to receive financial support from the director of the company. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at the most recent open market valuation. An external professional valuation is obtained when it is considered appropriate and the directors' own valuation is included in intervening years. Any aggregate surplus or deficit arising from changes in market value is transfered to a revaluation reserve. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
DEPRECIATION |
At 1 November 2020 |
and 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2020 |
and 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
Fair value at 31 October 2021 is represented by: |
£ |
Valuation in 2021 | (6,734 | ) |
Cost | 96,734 |
90,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2021 | 2020 |
£ | £ |
Cost | 96,734 | 96,734 |
Investment property was valued on an open market basis on 24 August 2022 by the director . |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
JS RAMSAY ESTATES LIMITED (REGISTERED NUMBER: SC332799) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2021 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Bank loans |
The bank loan is secured by a personal guarantee by the director, standard security over the investment property and a floating charge over the assets of the company. |
9. | RESERVES |
Fair |
value |
reserve |
£ |
Revaluation | (6,734 | ) |
At 31 October 2021 | ( |
) |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled the director by virtue of his ownership of the issued share capital of the company. |
11. | DEFERRED TAX |
No provision for deferred tax has been provided as the investment property is not expected to realise a material gain over cost price upon a hypothetical sale at the year end. |