Company Registration No. SC580984 (Scotland)
Forget Me Not Assets Ltd
Unaudited accounts
for the year ended 30 November 2022
Forget Me Not Assets Ltd
Unaudited accounts
Contents
Forget Me Not Assets Ltd
Company Information
for the year ended 30 November 2022
Directors
Wendy Sneddon
Karen Cormack
Company Number
SC580984 (Scotland)
Registered Office
2 Newark Road South
Eastfield Industrial Estate
Glenrothes
KY7 4NS
Accountants
FBD Consultancy, Accounts & Tax Ltd
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Forget Me Not Assets Ltd
Statement of financial position
as at 30 November 2022
Investment property
920,000
840,500
Cash at bank and in hand
6,585
100,908
Creditors: amounts falling due within one year
(310,253)
(292,163)
Net current liabilities
(248,272)
(189,501)
Total assets less current liabilities
671,728
651,624
Creditors: amounts falling due after more than one year
(639,481)
(563,516)
Provisions for liabilities
Deferred tax
(9,866)
(22,340)
Called up share capital
100
100
Profit and loss account
22,281
65,668
Shareholders' funds
22,381
65,768
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Wendy Sneddon
Director
Company Registration No. SC580984
Forget Me Not Assets Ltd
Notes to the Accounts
for the year ended 30 November 2022
Forget Me Not Assets Ltd is a private company, limited by shares, registered in Scotland, registration number SC580984. The registered office is 2 Newark Road South, Eastfield Industrial Estate, Glenrothes, KY7 4NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2021
840,500
Net loss from fair value adjustments
(65,028)
At 30 November 2022
920,000
Forget Me Not Assets Ltd
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Accrued income and prepayments
-
1,754
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
2,429
3,841
Other creditors
236,799
264,460
Loans from directors
67,461
23,862
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
639,481
563,516
9
Transactions with related parties
The following balances relate to companies with the same persons of significant control:
Loans due to related parties of £128,393 (2021: £154,976)
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).