Company Registration No. SC588654 (Scotland)
Loudon Properties Limited
Unaudited accounts
for the year ended 28 February 2023
Loudon Properties Limited
Unaudited accounts
Contents
Loudon Properties Limited
Company Information
for the year ended 28 February 2023
Directors
J Loudon
JBA Loudon
FJN Loudon
Company Number
SC588654 (Scotland)
Registered Office
6c Essex Road
EDINBURGH
Midlothian
EH4 6LG
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Loudon Properties Limited
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
15
38
Creditors: amounts falling due within one year
(459)
(392)
Net current (liabilities)/assets
(444)
10,546
Called up share capital
11,000
11,000
Profit and loss account
(544)
(454)
Shareholders' funds
525,981
10,546
For the year ending 28 February 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 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 22 October 2023 and were signed on its behalf by
J Loudon
Director
Company Registration No. SC588654
Loudon Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
Loudon Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC588654. The registered office is 6c Essex Road, , EDINBURGH, Midlothian, EH4 6LG, 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.
The accounts are presented in £ sterling.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Investments
Subsidiary undertakings
Valuation at 1 March 2022
-
Valuation at 28 February 2023
526,425
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loudon Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).