Company Registration No. SC651881 (Scotland)
Glasgow Home Buyers Ltd
Unaudited accounts
for the year ended 31 January 2023
Glasgow Home Buyers Ltd
Unaudited accounts
Contents
Glasgow Home Buyers Ltd
Company Information
for the year ended 31 January 2023
Director
James Robert Fitzpatrick
Company Number
SC651881 (Scotland)
Registered Office
3 Newbattle Gardens
Glasgow
G32 8DQ
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
Glasgow Home Buyers Ltd
Statement of financial position
as at 31 January 2023
Investment property
70,000
28,500
Cash at bank and in hand
25,300
1,359
Creditors: amounts falling due within one year
(85,663)
(40,814)
Net current liabilities
(37,305)
(30,173)
Total assets less current liabilities
32,695
(1,673)
Provisions for liabilities
Net assets/(liabilities)
22,320
(1,673)
Called up share capital
1
1
Revaluation reserve
41,500
-
Profit and loss account
(19,181)
(1,674)
Shareholders' funds
22,320
(1,673)
For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 15 September 2023 and were signed on its behalf by
James Robert Fitzpatrick
Director
Company Registration No. SC651881
Glasgow Home Buyers Ltd
Notes to the Accounts
for the year ended 31 January 2023
Glasgow Home Buyers Ltd is a private company, limited by shares, registered in Scotland, registration number SC651881. The registered office is 3 Newbattle Gardens, Glasgow, G32 8DQ, Scotland.
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.
Fair value at 1 February 2022
28,500
Net gain from fair value adjustments
41,500
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
14,900
1,382
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
82,572
40,814
Taxes and social security
3,091
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).