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REGISTERED NUMBER: SC354599 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Central Apartments Scotland Ltd

Central Apartments Scotland Ltd (Registered number: SC354599)






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


Central Apartments Scotland Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Hamid





REGISTERED OFFICE: 3 LOCHRIN PLACE
Edinburgh
Midlothian
EH3 9QX





REGISTERED NUMBER: SC354599 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan Accountants
95-107 Lancefield Street
Glasgow
G3 8HZ

Central Apartments Scotland Ltd (Registered number: SC354599)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,000 55,000
Tangible assets 5 188 250
55,188 55,250

CURRENT ASSETS
Debtors 6 335,756 235,756
Cash at bank and in hand 167,236 194,607
502,992 430,363
CREDITORS
Amounts falling due within one year 7 22,126 16,974
NET CURRENT ASSETS 480,866 413,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,054

468,639

CREDITORS
Amounts falling due after more than one
year

8

30,876

39,328
NET ASSETS 505,178 429,311

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 505,058 429,191
SHAREHOLDERS' FUNDS 505,178 429,311

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.

Central Apartments Scotland Ltd (Registered number: SC354599)

Balance Sheet - continued
31 March 2023


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 20 August 2023 and were signed by:





A Hamid - Director


Central Apartments Scotland Ltd (Registered number: SC354599)

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

1. STATUTORY INFORMATION

Central Apartments Scotland Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Central Apartments Scotland Ltd (Registered number: SC354599)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 55,000
NET BOOK VALUE
At 31 March 2023 55,000
At 31 March 2022 55,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 9,785
DEPRECIATION
At 1 April 2022 9,535
Charge for year 62
At 31 March 2023 9,597
NET BOOK VALUE
At 31 March 2023 188
At 31 March 2022 250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Loan - Poundsavers partnership 140,000 40,000
Other loan 195,756 195,756
335,756 235,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 17,721 13,915
Social security and other taxes 481 667
Accrued expenses 3,924 2,392
22,126 16,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Directors loan 30,876 39,328

Central Apartments Scotland Ltd (Registered number: SC354599)

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

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
120 ordinary 1 120 120

10. RESERVES
Retained
earnings
£   

At 1 April 2022 429,191
Profit for the year 75,867
At 31 March 2023 505,058