IRIS Accounts Production v23.1.0.753 SC396181 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3961812022-03-31SC3961812023-03-31SC3961812022-04-012023-03-31SC3961812021-03-31SC3961812021-04-012022-03-31SC3961812022-03-31SC396181ns15:Scotland2022-04-012023-03-31SC396181ns14:PoundSterling2022-04-012023-03-31SC396181ns10:Director12022-04-012023-03-31SC396181ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC396181ns10:SmallEntities2022-04-012023-03-31SC396181ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC396181ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC396181ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC396181ns10:AbridgedAccounts2022-04-012023-03-31SC396181ns10:OrdinaryShareClass12022-04-012023-03-31SC396181ns5:CurrentFinancialInstruments2023-03-31SC396181ns5:CurrentFinancialInstruments2022-03-31SC396181ns5:ShareCapital2023-03-31SC396181ns5:ShareCapital2022-03-31SC396181ns5:RetainedEarningsAccumulatedLosses2023-03-31SC396181ns5:RetainedEarningsAccumulatedLosses2022-03-31SC396181ns10:RegisteredOffice2022-04-012023-03-31SC396181ns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: SC396181 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

INNES PROPERTY SERVICES LTD

INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)

ABRIDGED BALANCE SHEET
31ST MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,165 933
Investment property 5 328,855 328,855
330,020 329,788

CURRENT ASSETS
Stocks 12,800 2,750
Debtors 8,195 13,453
Cash at bank 16,492 44,124
37,487 60,327
CREDITORS
Amounts falling due within one year 224,345 247,954
NET CURRENT LIABILITIES (186,858 ) (187,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,162

142,161

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 143,062 142,061
SHAREHOLDERS' FUNDS 143,162 142,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th October 2023 and were signed by:





P Innes - Director


INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Innes Property Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC396181

Registered office: Castlefields
Muir Crescent
Doune
Central
FK16 6DA

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.


INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022 2,992
Additions 437
At 31st March 2023 3,429
DEPRECIATION
At 1st April 2022 2,059
Charge for year 205
At 31st March 2023 2,264
NET BOOK VALUE
At 31st March 2023 1,165
At 31st March 2022 933

INNES PROPERTY SERVICES LTD (REGISTERED NUMBER: SC396181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 328,855
NET BOOK VALUE
At 31st March 2023 328,855
At 31st March 2022 328,855

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
100 Ordinary 1 100 100