IRIS Accounts Production v23.2.0.158 SC119651 Board of Directors 1.2.22 31.1.23 31.1.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1196512022-01-31SC1196512023-01-31SC1196512022-02-012023-01-31SC1196512021-01-31SC1196512021-02-012022-01-31SC1196512022-01-31SC119651ns16:Scotland2022-02-012023-01-31SC119651ns15:PoundSterling2022-02-012023-01-31SC119651ns11:Director12022-02-012023-01-31SC119651ns11:PrivateLimitedCompanyLtd2022-02-012023-01-31SC119651ns11:SmallEntities2022-02-012023-01-31SC119651ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-31SC119651ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-31SC119651ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-31SC119651ns11:FullAccounts2022-02-012023-01-31SC119651ns11:Director22022-02-012023-01-31SC119651ns11:CompanySecretary12022-02-012023-01-31SC119651ns11:RegisteredOffice2022-02-012023-01-31SC119651ns6:CurrentFinancialInstruments2023-01-31SC119651ns6:CurrentFinancialInstruments2022-01-31SC119651ns6:ShareCapital2023-01-31SC119651ns6:ShareCapital2022-01-31SC119651ns6:FurtherSpecificReserve3ComponentTotalEquity2023-01-31SC119651ns6:FurtherSpecificReserve3ComponentTotalEquity2022-01-31SC119651ns6:RetainedEarningsAccumulatedLosses2023-01-31SC119651ns6:RetainedEarningsAccumulatedLosses2022-01-31SC119651ns6:FurnitureFittings2022-02-012023-01-31SC119651ns6:FurnitureFittings2022-01-31SC119651ns6:FurnitureFittings2023-01-31SC119651ns6:FurnitureFittings2022-01-31SC119651ns6:CostValuation2022-01-31SC119651ns6:AdditionsToInvestments2023-01-31SC119651ns6:RevaluationsIncreaseDecreaseInInvestments2023-01-31SC119651ns6:CostValuation2023-01-31SC119651ns6:RetainedEarningsAccumulatedLosses2022-01-31SC119651ns6:FurtherSpecificReserve3ComponentTotalEquity2022-01-31SC119651ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: SC119651 (Scotland)




















Edinburgh City Homes (Two) Limited

Unaudited Financial Statements

for the Year Ended 31 January 2023














Edinburgh City Homes (Two) Limited (Registered number: SC119651)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edinburgh City Homes (Two) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J Crooks
J S Milne



SECRETARY: J Crooks



REGISTERED OFFICE: 12 Regent Terrace
Edinburgh
EH7 5BN



REGISTERED NUMBER: SC119651 (Scotland)



BANKERS: Bank of Scotland
300 Lawnmarket
Edinburgh
EH1 2PH
Page 1
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 99,814 187,005
Investment property 6 450,000 450,000
549,814 637,005

CURRENT ASSETS
Debtors 7 1,350 -
Cash at bank 105,717 142,913
107,067 142,913
CREDITORS
Amounts falling due within one year 8 6,070 37,403
NET CURRENT ASSETS 100,997 105,510
TOTAL ASSETS LESS CURRENT
LIABILITIES
650,811
742,515

PROVISIONS FOR LIABILITIES 1,140 21,800
NET ASSETS 649,671 720,715

CAPITAL AND RESERVES
Called up share capital 83,890 83,890
Fair value reserve 9 79,916 167,996
Retained earnings 9 485,865 468,829
SHAREHOLDERS' FUNDS 649,671 720,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 notes form part of these financial statements

Page 2 continued...
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Balance Sheet - continued
31 January 2023


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 5 July 2023 and were signed on its behalf by:





J Crooks - Director


The notes form part of these financial statements

Page 3
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Edinburgh City Homes (Two) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

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.

Page 4 continued...
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments are stated at market value. Any revaluation gains are recognised in the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022
and 31 January 2023 8,904
DEPRECIATION
At 1 February 2022
and 31 January 2023 8,904
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 February 2022 187,005
Additions 21,549
Revaluations (108,740 )
At 31 January 2023 99,814
NET BOOK VALUE
At 31 January 2023 99,814
At 31 January 2022 187,005

The cost and market value of the investments listed on the London Stock Exchange as at 31 January 2023 were £208,649 (2022: £187,100) and £99,814 (2021: £187,005) respectively.

Page 5 continued...
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 450,000
NET BOOK VALUE
At 31 January 2023 450,000
At 31 January 2022 450,000

If investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 260,109 260,109

Investment properties were valued on an open basis on 31 January 2023 by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,350 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 5,070 36,403
Other creditors 1,000 1,000
6,070 37,403

Page 6 continued...
Edinburgh City Homes (Two) Limited (Registered number: SC119651)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2022 468,829 167,996 636,825
Deficit for the year (71,044 ) (71,044 )
Revaluation in year 88,080 (88,080 ) -
At 31 January 2023 485,865 79,916 565,781

The fair value reserve represents the net revaluation surplus on investments and investment properties that is not readily distributable as realised earnings.

Page 7