IRIS Accounts Production v23.3.0.418 SC528868 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5288682022-03-31SC5288682023-03-31SC5288682022-04-012023-03-31SC5288682021-03-31SC5288682021-04-012022-03-31SC5288682022-03-31SC528868ns10:Originalns15:Scotland2022-04-012023-03-31SC528868ns14:PoundSterlingns10:Original2022-04-012023-03-31SC528868ns10:Originalns10:Director12022-04-012023-03-31SC528868ns10:Original2022-04-012023-03-31SC528868ns10:Original2023-03-31SC528868ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC528868ns10:Originalns10:SmallEntities2022-04-012023-03-31SC528868ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC528868ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC528868ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC528868ns10:Originalns10:FullAccounts2022-04-012023-03-31SC528868ns10:Original2022-03-31SC528868ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC528868ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC528868ns5:ShareCapitalns10:Original2023-03-31SC528868ns5:ShareCapitalns10:Original2022-03-31SC528868ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC528868ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC528868ns10:Original2021-04-012022-03-31SC528868ns10:Originalns5:CostValuation2022-03-31SC528868ns10:Originalns5:AdditionsToInvestments2023-03-31SC528868ns10:Originalns5:DisposalsRepaymentsInvestments2023-03-31SC528868ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC528868ns10:Originalns5:CostValuation2023-03-31SC528868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC528868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: SC528868 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Eglinton Asset Management Limited

Eglinton Asset Management Limited (Registered number: SC528868)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Eglinton Asset Management Limited (Registered number: SC528868)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investments 4 177,625 4,032

CURRENT ASSETS
Debtors 5 21,483 111,749
Cash at bank 5,078 83,017
26,561 194,766
CREDITORS
Amounts falling due within one year 6 (201,361 ) (165,960 )
NET CURRENT (LIABILITIES)/ASSETS (174,800 ) 28,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,825

32,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,725 32,738
SHAREHOLDERS' FUNDS 2,825 32,838

Eglinton Asset Management Limited (Registered number: SC528868)

Balance Sheet - continued
31 March 2023


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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





Mr P Findlay - Director


Eglinton Asset Management Limited (Registered number: SC528868)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Eglinton Asset Management Limited is a private company, limited by shares, domiciled in Scotland, registration number SC528868. The registered office is 10 Braid Avenue, Edinburgh, Scotland, EH10 6DR.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services in respect of property advisory, excluding value added tax. Sales are recognised at the point at which the service is complete.

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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Eglinton Asset Management Limited (Registered number: SC528868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 4,032
Additions 200,272
Disposals (31,385 )
Share of profit/(loss) 2,385
Revaluations 2,321
At 31 March 2023 177,625
NET BOOK VALUE
At 31 March 2023 177,625
At 31 March 2022 4,032

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 2,321
Cost 175,304
177,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by related parties 20,020 110,020
Other debtors 1,463 1,729
21,483 111,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 2,257 -
Other creditors 199,104 165,960
201,361 165,960

7. RELATED PARTY DISCLOSURES

At the year end 31 March 2023, Eglinton Asset Management was owed £20,020 by companies under common control (2022: £110,020).