Registered number
SC723884
Edifice Properties & Investments
Filleted Accounts
28 February 2023
Edifice Properties & Investments
Registered number: SC723884
Balance Sheet
as at 28 February 2023
Notes 2023
£
Fixed assets
Tangible assets 3 192,500
Current assets
Cash at bank and in hand 6,244
Creditors: amounts falling due within one year 4 (541)
Net current assets 5,703
Total assets less current liabilities 198,203
Creditors: amounts falling due after more than one year 5 (190,826)
Net assets 7,377
Capital and reserves
Called up share capital 100
Profit and loss account 7,277
Shareholder's funds 7,377
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MF Iqbal
Director
Approved by the board on 28 November 2023
Edifice Properties & Investments
Notes to the Accounts
for the period from 21 February 2022 to 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from rents received.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 192,500
At 28 February 2023 192,500
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 192,500
4 Creditors: amounts falling due within one year 2023
£
Other creditors 541
5 Creditors: amounts falling due after one year 2023
£
Director's account 90,826
Links Licensed Grocers 100,000
190,826
6 Other information
Edifice Properties & Investments is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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