1 October 2022 false No description of principal activity Taxfiler 2023.10.1 SC586119business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC5861192022-09-30 SC5861192022-10-012023-09-30 SC586119business:AuditExemptWithAccountantsReport2022-10-012023-09-30 SC586119business:FilletedAccounts2022-10-012023-09-30 SC5861192023-09-30 SC586119business:Director12022-10-012023-09-30 SC586119business:Director22022-10-012023-09-30 SC586119business:Director32022-10-012023-09-30 SC586119business:RegisteredOffice2022-10-012023-09-30 SC5861192022-09-30 SC586119core:WithinOneYear2023-09-30 SC586119core:WithinOneYear2022-09-30 SC586119core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC586119core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC586119core:RevaluationReservecore:PreviouslyStatedAmount2023-09-30 SC586119core:RevaluationReservecore:PreviouslyStatedAmount2022-09-30 SC586119core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC586119core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC586119core:PreviouslyStatedAmount2023-09-30 SC586119core:PreviouslyStatedAmount2022-09-30 SC586119business:SmallEntities2022-10-012023-09-30 SC586119countries:Scotland2022-10-012023-09-30 SC586119core:IntangibleAssetsOtherThanGoodwill2022-09-30 SC586119core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30 SC586119core:IntangibleAssetsOtherThanGoodwill2023-09-30 SC586119core:RevaluationsIncreaseDecreaseInInvestments2023-09-30 SC5861192021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC586119 (Scotland)
SCOTCOIN LIMITED Unaudited accounts for the year ended 30 September 2023
SCOTCOIN LIMITED Unaudited accounts Contents
Page
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SCOTCOIN LIMITED Company Information for the year ended 30 September 2023
Directors
David Low Temple Melville Peter McGowan
Company Number
SC586119 (Scotland)
Registered Office
56 ASHTON LANE GLASGOW G12 8SJ SCOTLAND
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
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SCOTCOIN LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
107,500 
44,998 
Investments
238,858 
70,000 
346,358 
114,998 
Current assets
Debtors
20,000 
- 
Cash at bank and in hand
2,912 
442 
22,912 
442 
Creditors: amounts falling due within one year
(2,678)
(1,650)
Net current assets/(liabilities)
20,234 
(1,208)
Net assets
366,592 
113,790 
Capital and reserves
Called up share capital
50,000 
50,000 
Revaluation reserve
312,210 
68,350 
Profit and loss account
4,382 
(4,560)
Shareholders' funds
366,592 
113,790 
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
David Low Director Company Registration No. SC586119
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SCOTCOIN LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
SCOTCOIN LIMITED is a private company, limited by shares, registered in Scotland, registration number SC586119. The registered office is 56 ASHTON LANE, GLASGOW, G12 8SJ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
49,998 
Revaluations
75,002 
At 30 September 2023
125,000 
Amortisation
At 1 October 2022
5,000 
Charge for the year
12,500 
At 30 September 2023
17,500 
Net book value
At 30 September 2023
107,500 
At 30 September 2022
44,998 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2022
70,000 
Fair value adjustments
168,858 
Valuation at 30 September 2023
238,858 
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SCOTCOIN LIMITED Notes to the Accounts for the year ended 30 September 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
20,000 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,028 
- 
Loans from directors
1,650 
1,650 
2,678 
1,650 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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