The Edinburgh Property Manager Ltd |
Registered Number:SC200507 |
For the year ended 05 April 2023
Scotland
Unaudited Financial Statements
For the year ended 05 April 2023
The Edinburgh Property Manager Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
The Edinburgh Property Manager Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
352,279
352,466
2
352,279
352,466
Trade and other receivables |
17,412
56,886
3
16,566
Cash and cash equivalents |
5,372
62,258
33,978
Trade and other payables: amounts falling due within one |
year |
(5,253)
(10,955)
4
28,725
51,303
Net current assets
Total assets less current liabilities |
403,582
381,191
Trade and other payables: amounts falling due after more |
than one year |
(236,413)
(236,718)
5
166,864
Net assets
144,778
1
1
166,863
144,777
166,864
144,778
Shareholders' funds
For the year ended 05 April 2023 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 of its financial statements for the year ended 05 April 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 06 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 05 April 2023
The Edinburgh Property Manager Ltd
Notes to the Financial Statements
Statutory Information
The Edinburgh Property Manager Ltd is a private limited company, limited by shares, domiciled in Scotland, |
registration number SC200507. |
31a Morningside Park
Edinburgh
EH10 5HD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
2. Property, plant and equipment |
367,951
16,231
351,720
351,720
16,231
367,951
Provision for depreciation and impairment |
15,485
15,485
-
Charge for year
187
187
-
15,672
15,672
-
351,720
559
352,279
351,720
746
352,466
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For the year ended 05 April 2023
The Edinburgh Property Manager Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
56,886
17,412
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
10,355
4,653
600
600
10,955
5,253
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
236,718
236,413
Precise Mortgages and Paragon have standard charges over the property owned by the company.
6. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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