Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse222021-01-01true SC574833 2021-01-01 2021-12-31 SC574833 2021-12-31 SC574833 2020-01-01 2020-12-31 SC574833 2020-12-31 SC574833 c:Director1 2021-01-01 2021-12-31 SC574833 d:CurrentFinancialInstruments 2021-12-31 SC574833 d:CurrentFinancialInstruments 2020-12-31 SC574833 d:Non-currentFinancialInstruments 2021-12-31 SC574833 d:Non-currentFinancialInstruments 2020-12-31 SC574833 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 SC574833 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 SC574833 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 SC574833 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 SC574833 d:ShareCapital 2021-12-31 SC574833 d:ShareCapital 2020-12-31 SC574833 d:RetainedEarningsAccumulatedLosses 2021-12-31 SC574833 d:RetainedEarningsAccumulatedLosses 2020-12-31 SC574833 c:OrdinaryShareClass1 2021-01-01 2021-12-31 SC574833 c:OrdinaryShareClass1 2021-12-31 SC574833 c:OrdinaryShareClass1 2020-12-31 SC574833 c:FRS102 2021-01-01 2021-12-31 SC574833 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 SC574833 c:FullAccounts 2021-01-01 2021-12-31 SC574833 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC574833 d:Subsidiary1 2021-01-01 2021-12-31 SC574833 d:Subsidiary1 1 2021-01-01 2021-12-31 SC574833 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number SC574833























BALLANTYNES LETTINGS LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 DECEMBER 2021























img5502.png

 
BALLANTYNES LETTINGS LIMITED
REGISTERED NUMBER: SC574833

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
407,163
407,163

  
407,163
407,163

  

Creditors: amounts falling due within one year
 5 
(297,133)
(270,664)

Net current liabilities
  
 
 
(297,133)
 
 
(270,664)

Total assets less current liabilities
  
110,030
136,499

Creditors: amounts falling due after more than one year
 6 
-
(25,002)

  

Net assets
  
110,030
111,497

Page 1

 
BALLANTYNES LETTINGS LIMITED
REGISTERED NUMBER: SC574833

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Capital and reserves
  

Called up share capital 
 7 
20
20

Profit and loss account
  
110,010
111,477

  
110,030
111,497


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Rory Euan Ballantyne
Director
Date: 24 August 2022

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
BALLANTYNES LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Ballantynes Lettings Limited is a private company, limited by shares, registered in Scotland. The company's registered number is SC574833 and registered office address and principal place of business is 30 Stafford Street, Edinburgh, United Kingdom, EH3 7BD. 
These financial statements have been prepared in pounds sterling as this is the currency of the primary economic enviroment in which the company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the impact of the COVID-19 virus when preparing these financial statements. The likely impact that this will have in the coming year has been assessed and this has been incorporated into the plans for the business. As a result of this, the Directors have concluded that it continues to be appropriate to present the accounts on a Going Concern basis.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 3

 
BALLANTYNES LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
407,163



At 31 December 2021
407,163





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Class of shares

Holding

Ballantynes Ream Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2021 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Ballantynes Ream Limited
78,160
50,859


5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
-
91,666

Amounts owed to group undertakings
164,595
113,929

Other creditors
131,471
63,842

Accruals and deferred income
1,067
1,227

297,133
270,664


Page 4

 
BALLANTYNES LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
-
25,002

-
25,002



7.


Share capital

2021
2020
£
£
Allotted, called up and partly paid



20 (2020 - 20) Ordinary shares of £1.00 each
20
20



8.


Related party transactions

As at 31 December 2021, Ballantynes Lettings Limited owed £64,980 (2020: £19,980) to Ballantynes Property Group Limited, the parent company. The amounts are unsecured, interest-free and repayable on demand.

As at 31 December 2021, Ballantynes Lettings Limited owed £99,615 (2020: £93,949) to Ballantynes Ream Limited, a subsidiary company. The amounts are unsecured, interest-free and repayable on demand.

As at 31 December 2021, Ballantynes Lettings Limited owed £131,051 (2020: £33,422) to Ballantynes Scotland Limited, a company with a common director. The amounts are unsecured, interest-free and repayable on demand.


9.


Controlling party

The ultimate controlling party is Ballantynes Property Group Limited by virtue of its shareholding.

Page 5