Silverfin true 31/12/2021 31/12/2021 01/01/2021 A Revie 07/07/2004 J Revie 18/05/2015 12 September 2022 The principal activity of the Company during the financial year was that of a dormant company. SC268166 2021-12-31 SC268166 bus:Director1 2021-12-31 SC268166 bus:Director2 2021-12-31 SC268166 2020-12-31 SC268166 core:ShareCapital 2021-12-31 SC268166 core:ShareCapital 2020-12-31 SC268166 core:RetainedEarningsAccumulatedLosses 2021-12-31 SC268166 core:RetainedEarningsAccumulatedLosses 2020-12-31 SC268166 core:LandBuildings 2020-12-31 SC268166 core:LandBuildings 2021-12-31 SC268166 bus:OrdinaryShareClass1 2021-12-31 SC268166 2021-01-01 2021-12-31 SC268166 bus:FullAccounts 2021-01-01 2021-12-31 SC268166 bus:SmallEntities 2021-01-01 2021-12-31 SC268166 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 SC268166 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC268166 bus:Director1 2021-01-01 2021-12-31 SC268166 bus:Director2 2021-01-01 2021-12-31 SC268166 2020-01-01 2020-12-31 SC268166 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 SC268166 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC268166 (Scotland)

AXLE GROUP PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH THE REGISTRAR

AXLE GROUP PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

Contents

AXLE GROUP PROPERTIES LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2021
AXLE GROUP PROPERTIES LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 800,000 800,000
800,000 800,000
Net current assets 0 0
Total assets less current liabilities 800,000 800,000
Net assets 800,000 800,000
Capital and reserves
Called-up share capital 4 100 100
Profit and loss account 799,900 799,900
Total shareholders' funds 800,000 800,000

Axle Group Properties Limited (registered number: SC268166) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Axle Group Properties Limited (registered number: SC268166) were approved and authorised for issue by the Director on 12 September 2022. They were signed on its behalf by:

A Revie
Director
AXLE GROUP PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
AXLE GROUP PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Axle Group Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 40 Auchingramont Road, Hamilton, ML3 6JT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 January 2021 800,000 800,000
At 31 December 2021 800,000 800,000
Accumulated depreciation
At 01 January 2021 0 0
At 31 December 2021 0 0
Net book value
At 31 December 2021 800,000 800,000
At 31 December 2020 800,000 800,000

4. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100