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REGISTERED NUMBER: SC074222 (Scotland)




















Tweeddale Court (Edinburgh) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tweeddale Court (Edinburgh) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R M Hodge





REGISTERED OFFICE: 14 High Street
Edinburgh
EH1 1TE





REGISTERED NUMBER: SC074222 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 566 1,091
Investments 5 60,000 60,000
Investment property 6 625,000 1,040,000
685,566 1,101,091

CURRENT ASSETS
Debtors 7 168,041 143,000
Cash at bank 186,970 -
355,011 143,000
CREDITORS
Amounts falling due within one year 8 49,419 113,897
NET CURRENT ASSETS 305,592 29,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,158

1,130,194

CREDITORS
Amounts falling due after more than
one year

9

-

(8,867

)

PROVISIONS FOR LIABILITIES (67,659 ) (101,353 )
NET ASSETS 923,499 1,019,974

Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 10 445,857 771,301
Retained earnings 467,642 238,673
SHAREHOLDERS' FUNDS 923,499 1,019,974

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 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.

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 director and authorised for issue on 13 November 2023 and were signed by:





R M Hodge - Director


Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

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

1. STATUTORY INFORMATION

Tweeddale Court (Edinburgh) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover represents rent received, excluding value added tax. Rent is recognised in accordance with the terms of the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

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.

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.


Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

Notes to the Financial Statements - continued
for the Year Ended 31 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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,193
Additions 712
At 31 March 2023 6,905
DEPRECIATION
At 1 April 2022 5,102
Charge for year 1,237
At 31 March 2023 6,339
NET BOOK VALUE
At 31 March 2023 566
At 31 March 2022 1,091

Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 60,000
At 31 March 2022 60,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,040,000
Disposals (415,000 )
At 31 March 2023 625,000
NET BOOK VALUE
At 31 March 2023 625,000
At 31 March 2022 1,040,000

The investment property was revalued by an independent valuer, Ryden, in December 2019, based upon an open market valuation in accordance with the Red Book Valuation Standards published by the Royal Institute of Chartered Surveyors.

One of the properties was sold on 25 April 2022.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 5,630 -
Other debtors 39,411 -
45,041 -

Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

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

7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Trade debtors 123,000 143,000

Aggregate amounts 168,041 143,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 9,394
Trade creditors 7,354 3,968
Taxation and social security 29,809 7,629
Other creditors 12,256 92,906
49,419 113,897

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 8,867

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022 771,301
t/f to fair value reserve (325,444 )

At 31 March 2023 445,857

Tweeddale Court (Edinburgh) Limited (Registered number: SC074222)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R M Hodge
Balance outstanding at start of year (59,380 ) (4,607 )
Amounts advanced 107,105 -
Amounts repaid (9,250 ) (54,773 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,475 (59,380 )

The loan is unsecured and interest charged at 2%. The loan was repaid within 9 months from the year end.

12. RELATED PARTY DISCLOSURES

A related company has received a loan from Tweeddale Court (Edinburgh) Limited. At 31 March 2023 the balance due to Tweeddale Court (Edinburgh) Limited was £123,000 (2022: £143,000).