EDINBURGH SOUTHERN FLATS LIMITED

Company Registration Number:
SC130486 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

EDINBURGH SOUTHERN FLATS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EDINBURGH SOUTHERN FLATS LIMITED

Company Information

for the Period Ended 31 January 2023




Director: James Shedden
Susan Shedden
Secretary: James Shedden
Registered office: 7
Craigleith View
Edinburgh
Midlothian
EH4 3JZ
Company Registration Number: SC130486 (Scotland)

EDINBURGH SOUTHERN FLATS LIMITED

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

Ownership and management of leased residential accommodation.

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
James Shedden
Susan Shedden

Secretary
James Shedden

This report was approved by the board of directors on 15 October 2023
And Signed On Behalf Of The Board By:

Name: James Shedden
Status: Director

EDINBURGH SOUTHERN FLATS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 18,650 19,622
Administrative Expenses ( 2,940 ) ( 2,904 )
Operating Profit or (Loss) 15,710 16,718
Interest Payable and Similar Charges ( 1,075 ) ( 1,679 )
Profit or (Loss) Before Tax 14,635 15,039
Tax on Profit ( 2,796 ) ( 2,878 )
Profit or (Loss) for Period 11,839 12,161

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 500,242 500,323
Total fixed assets: 500,242 500,323
Current assets
Debtors: 123,602 123,602
Cash at bank and in hand: 39,307 26,739
Total current assets: 162,909 150,341
Creditors: amounts falling due within one year: ( 3,476 ) ( 2,828 )
Net current assets (liabilities): 159,433 147,513
Total assets less current liabilities: 659,675 647,836
Creditors: amounts falling due after more than one year: ( 204,268 ) ( 204,268 )
Total net assets (liabilities): 455,407 443,568

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 59,000 59,000
Revaluation reserve: 5 47,117 47,117
Profit and loss account: 349,290 337,451
Shareholders funds: 455,407 443,568

For the year ending 31 January 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 October 2023
And Signed On Behalf Of The Board By:

Name: James Shedden
Status: Director

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible Assets

Total
Cost £
At 01 February 2022 504,556
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2023 504,556
Depreciation
At 01 February 2022 4,233
Charge for year 81
On disposals -
Other adjustments -
At 31 January 2023 4,314
Net book value
At 31 January 2023 500,242
At 31 January 2022 500,323

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Revaluation reserve


2023
£
Balance at 01 February 2022 47,117
Surplus or deficit after revaluation 0
Balance at 31 January 2023 47,117