0 false false false false false false false false false true false false true true true true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,714 589 113 702 1,012 1,125 481,366 481,366 481,366 xbrli:pure xbrli:shares iso4217:GBP SC530795 2022-04-01 2023-03-31 SC530795 2023-03-31 SC530795 2022-03-31 SC530795 2021-04-01 2022-03-31 SC530795 2022-03-31 SC530795 2021-03-31 SC530795 core:FurnitureFittings 2022-04-01 2023-03-31 SC530795 bus:Director1 2022-04-01 2023-03-31 SC530795 bus:Director2 2022-04-01 2023-03-31 SC530795 core:FurnitureFittings 2022-03-31 SC530795 core:FurnitureFittings 2023-03-31 SC530795 core:WithinOneYear 2023-03-31 SC530795 core:WithinOneYear 2022-03-31 SC530795 core:AfterOneYear 2023-03-31 SC530795 core:AfterOneYear 2022-03-31 SC530795 core:ShareCapital 2023-03-31 SC530795 core:ShareCapital 2022-03-31 SC530795 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC530795 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC530795 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 SC530795 core:Non-currentFinancialInstruments 2023-03-31 SC530795 core:Non-currentFinancialInstruments 2022-03-31 SC530795 core:FurnitureFittings 2022-03-31 SC530795 bus:Director1 2022-03-31 SC530795 bus:Director1 2023-03-31 SC530795 bus:Director2 2022-03-31 SC530795 bus:Director2 2023-03-31 SC530795 bus:Director1 2021-03-31 SC530795 bus:Director1 2022-03-31 SC530795 bus:Director2 2021-03-31 SC530795 bus:Director2 2022-03-31 SC530795 bus:Director1 2021-04-01 2022-03-31 SC530795 bus:Director2 2021-04-01 2022-03-31 SC530795 bus:SmallEntities 2022-04-01 2023-03-31 SC530795 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC530795 bus:FullAccounts 2022-04-01 2023-03-31 SC530795 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC530795 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: SC530795
Strathdee Property Ltd
Filleted Unaudited Financial Statements
31 March 2023
Strathdee Property Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
1,012
1,125
Investment Property
5
481,366
481,366
---------
---------
482,378
482,491
Current assets
Cash at bank and in hand
992
1,779
Creditors: amounts falling due within one year
6
239,107
170,557
---------
---------
Net current liabilities
238,115
168,778
---------
---------
Total assets less current liabilities
244,263
313,713
Creditors: amounts falling due after more than one year
7
149,266
221,066
---------
---------
Net assets
94,997
92,647
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
94,995
92,645
--------
--------
Shareholders funds
94,997
92,647
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Strathdee Property Ltd
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 16 August 2023 , and are signed on behalf of the board by:
Mr J O'Gorman
Director
Company registration number: SC530795
Strathdee Property Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Strathdee Road, Glasgow, Scotland, G44 3TJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% reducing balance
4. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2022 and 31 March 2023
1,714
-------
Depreciation
At 1 April 2022
589
Charge for the year
113
-------
At 31 March 2023
702
-------
Carrying amount
At 31 March 2023
1,012
-------
At 31 March 2022
1,125
-------
5. Investment property
Other investments other than loans
£
Cost
At 1 April 2022 and 31 March 2023
481,366
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
481,366
---------
At 31 March 2022
481,366
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,799
1,799
Corporation tax
1,516
3,998
Other creditors
235,792
164,760
---------
---------
239,107
170,557
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
149,266
221,066
---------
---------
8. Directors' advances, credit and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J O'Gorman
( 85,128)
( 32,500)
( 117,628)
Mrs D O'Gorman
( 78,462)
( 38,383)
( 116,845)
---------
--------
----
---------
( 163,590)
( 70,883)
( 234,473)
---------
--------
----
---------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J O'Gorman
( 68,128)
( 17,000)
( 85,128)
Mrs D O'Gorman
( 73,179)
( 17,000)
11,717
( 78,462)
---------
--------
--------
---------
( 141,307)
( 34,000)
11,717
( 163,590)
---------
--------
--------
---------