Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity1true2022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1true SC463776 2022-04-01 2023-03-31 SC463776 2021-04-01 2022-03-31 SC463776 2023-03-31 SC463776 2022-03-31 SC463776 c:Director1 2022-04-01 2023-03-31 SC463776 c:RegisteredOffice 2022-04-01 2023-03-31 SC463776 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 SC463776 d:FreeholdInvestmentProperty 2023-03-31 SC463776 d:FreeholdInvestmentProperty 2022-03-31 SC463776 d:CurrentFinancialInstruments 2023-03-31 SC463776 d:CurrentFinancialInstruments 2022-03-31 SC463776 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC463776 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC463776 d:ShareCapital 2023-03-31 SC463776 d:ShareCapital 2022-03-31 SC463776 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC463776 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC463776 c:FRS102 2022-04-01 2023-03-31 SC463776 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC463776 c:FullAccounts 2022-04-01 2023-03-31 SC463776 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: SC463776










NORTHERN ESTATES SCOTLAND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
NORTHERN ESTATES SCOTLAND LIMITED
 

COMPANY INFORMATION


Director
Richard Milne 




Registered number
SC463776



Registered office
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




Accountants
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
NORTHERN ESTATES SCOTLAND LIMITED
REGISTERED NUMBER: SC463776

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
91,397
46,122

  
91,397
46,122

Current assets
  

Cash at bank and in hand
  
1,777
8,280

  
1,777
8,280

Creditors: amounts falling due within one year
 5 
(89,927)
(50,742)

Net current liabilities
  
 
 
(88,150)
 
 
(42,462)

Total assets less current liabilities
  
3,247
3,660

  

Net assets
  
3,247
3,660


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,147
3,560

  
3,247
3,660


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.




Richard Milne
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
NORTHERN ESTATES SCOTLAND LIMITED
 

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

1.


General information

Northern Estates Scotland Ltd is a private limited company, limited by shares, incorporated in Scotland. Registration number SC463776. The registered office is Westby, 64 West High Street, Forfar DD8 1BJ and the principal residence is Dykelands, Laurencekirk, AB30 1UU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 2

 
NORTHERN ESTATES SCOTLAND LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Investment properties

£



Valuation


At 1 April 2022
46,122


Additions at cost
45,275



At 31 March 2023
91,397

The 2023 valuations were made by the Director, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
11,073
-

Other taxation and social security
292
-

Other creditors
76,792
49,902

Accruals and deferred income
1,770
840

89,927
50,742



Page 3