ATHOLL PROSPECT LIMITED

Company Registration Number:
SC182076 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

ATHOLL PROSPECT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Additional notes
Balance sheet notes

ATHOLL PROSPECT LIMITED

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 80 107
Investments: 4 376,154 376,154
Total fixed assets: 376,234 376,261
Current assets
Debtors: 5 204,789 219,088
Cash at bank and in hand: 1,590 10,802
Total current assets: 206,379 229,890
Creditors: amounts falling due within one year: 6 ( 494,198 ) ( 506,563 )
Net current assets (liabilities): (287,819) (276,673)
Total assets less current liabilities: 88,415 99,588
Creditors: amounts falling due after more than one year: 7 ( 13,218 ) ( 18,949 )
Provision for liabilities: ( 15 ) ( 21 )
Total net assets (liabilities): 75,182 80,618
Capital and reserves
Called up share capital: 3,000 3,000
Share premium account: 72,182 77,618
Total Shareholders' funds: 75,182 80,618

The notes form part of these financial statements

ATHOLL PROSPECT LIMITED

Balance sheet statements

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.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 October 2023
and signed on behalf of the board by:

Name: A D Carruthers
Status: Director

The notes form part of these financial statements

ATHOLL PROSPECT 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefit will flow to the entity;and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Asset ClassLeasehold improvements over period of leaseOffice equipment and fittings 10% - 25% Reducing balance

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 2

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 47,738 37,446 85,184
Additions
Disposals
Revaluations
Transfers
At 31 January 2023 47,738 37,446 85,184
Depreciation
At 1 February 2022 47,738 37,339 85,077
Charge for year 27 27
On disposals
Other adjustments
At 31 January 2023 47,738 37,366 85,104
Net book value
At 31 January 2023 0 80 80
At 31 January 2022 0 107 107

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Fixed assets investments note

Investment in Subsidiaries

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
£ £
Trade debtors 134,719 149,255
Prepayments and accrued income 1,704 1,605
Other debtors 68,366 68,228
Total 204,789 219,088

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 11,509 5,469
Trade creditors 13,710 15,258
Taxation and social security 2,796 5,271
Accruals and deferred income 17,860 32,242
Other creditors 448,323 448,323
Total 494,198 506,563

ATHOLL PROSPECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 13,218 18,949
Total 13,218 18,949