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REGISTERED NUMBER: SC332799 (Scotland)









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: J Ramsay





REGISTERED OFFICE: 5 Corbiehill Grove
Edinburgh
EH4 5DU





REGISTERED NUMBER: SC332799 (Scotland)





ACCOUNTANTS: Mc Creath & Co Limited
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 90,000 90,000
90,000 90,000

CURRENT ASSETS
Cash at bank 514 182

CREDITORS
Amounts falling due within one year 6 17,689 14,694
NET CURRENT LIABILITIES (17,175 ) (14,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,825

75,488

CREDITORS
Amounts falling due after more than one
year

7

80,750

80,750
NET LIABILITIES (7,925 ) (5,262 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 (6,734 ) (6,734 )
Retained earnings (2,191 ) 472
SHAREHOLDERS' FUNDS (7,925 ) (5,262 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 29 August 2022 and were signed by:





J Ramsay - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 2,297
DEPRECIATION
At 1 November 2020
and 31 October 2021 2,297
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 90,000
NET BOOK VALUE
At 31 October 2021 90,000
At 31 October 2020 90,000

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 17,689 14,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 80,750 80,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 80,750 80,750

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 80,750 80,750

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 (6,734 )

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.