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REGISTERED NUMBER: SC580654 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

37 Montgomery Street Limited

37 Montgomery Street Limited (Registered number: SC580654)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


37 Montgomery Street Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: Mrs K Dickson
Mrs C M Findlay
S G McConnell



REGISTERED OFFICE: 8 Balmuildy Road
Bishopbriggs
United Kingdom
Glasgow
G64 3BS



REGISTERED NUMBER: SC580654 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: Royal Bank of Scotland
10 Gordon Street
Glasgow
G1 3PL

37 Montgomery Street Limited (Registered number: SC580654)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Cash at bank and in hand 23,542 17,354

CREDITORS
Amounts falling due within one year 5 202,733 202,668
NET CURRENT LIABILITIES (179,191 ) (185,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,809

14,686

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 20,803 14,680
SHAREHOLDERS' FUNDS 20,809 14,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 12 August 2022 and were signed on its behalf by:





S G McConnell - Director


37 Montgomery Street Limited (Registered number: SC580654)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

37 Montgomery Street 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Investment property
During 2017-2018 the company purchased an investment property. In accordance with FRS 102 the value of the building has been attributed to investment purposes, shown separately as investment property. No depreciation has been provided in respect of investment property. This represents a departure from the Companies Act requirements to provide for systematic annual depreciation of fixed assets. The directors consider that the adoption of this policy is necessary in order to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020
and 30 November 2021 200,000
NET BOOK VALUE
At 30 November 2021 200,000
At 30 November 2020 200,000

37 Montgomery Street Limited (Registered number: SC580654)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. INVESTMENT PROPERTY - continued

The Directors believe this remains a reasonable valuation of the property and have not obtained a more recent valuation.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Taxation and social security 1,436 1,340
Other creditors 201,297 201,328
202,733 202,668

6. RELATED PARTY DISCLOSURES

The directors introduced the investment property at a fair value during the year ended 30 November 2018.