1 March 2022 false No description of principal activity Taxfiler 2023.10.2 SC295460business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC2954602022-02-28 SC2954602022-03-012023-02-28 SC295460business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC295460business:FilletedAccounts2022-03-012023-02-28 SC2954602023-02-28 SC295460business:Director12022-03-012023-02-28 SC295460business:RegisteredOffice2022-03-012023-02-28 SC2954602022-02-28 SC295460core:WithinOneYear2023-02-28 SC295460core:WithinOneYear2022-02-28 SC295460core:AfterOneYear2023-02-28 SC295460core:AfterOneYear2022-02-28 SC295460core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC295460core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC295460core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC295460core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC295460core:PreviouslyStatedAmount2023-02-28 SC295460core:PreviouslyStatedAmount2022-02-28 SC295460business:SmallEntities2022-03-012023-02-28 SC295460countries:Scotland2022-03-012023-02-28 SC295460core:PlantMachinery2022-03-012023-02-28 SC295460core:FurnitureFittings2022-03-012023-02-28 SC295460core:Goodwill2022-02-28 SC295460core:Goodwill2023-02-28 SC295460core:Goodwill2022-03-012023-02-28 SC295460core:LandBuildings2022-02-28 SC295460core:PlantMachinery2022-02-28 SC295460core:FurnitureFittings2022-02-28 SC295460core:LandBuildings2023-02-28 SC295460core:PlantMachinery2023-02-28 SC295460core:FurnitureFittings2023-02-28 SC295460core:LandBuildings2022-03-012023-02-28 SC2954602021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC295460 (Scotland)
Arran Estate Agents Ltd. Unaudited accounts for the year ended 28 February 2023
Arran Estate Agents Ltd. Unaudited accounts Contents
Page
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Arran Estate Agents Ltd. Company Information for the year ended 28 February 2023
Director
Robert Brass
Company Number
SC295460 (Scotland)
Registered Office
INVERCLOY HOUSE BRODICK ISLE OF ARRAN KA27 8AJ
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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Arran Estate Agents Ltd. Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,500 
30,000 
Tangible assets
14,192 
16,984 
36,692 
46,984 
Current assets
Debtors
22,526 
32,447 
Cash at bank and in hand
147,375 
111,568 
169,901 
144,015 
Creditors: amounts falling due within one year
(56,618)
(46,746)
Net current assets
113,283 
97,269 
Total assets less current liabilities
149,975 
144,253 
Creditors: amounts falling due after more than one year
(18,000)
(26,000)
Provisions for liabilities
Other provisions
(2,697)
(2,968)
Net assets
129,278 
115,285 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
129,276 
115,283 
Shareholders' funds
129,278 
115,285 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 7 November 2023 and were signed on its behalf by
Robert Brass Director Company Registration No. SC295460
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Arran Estate Agents Ltd. Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Arran Estate Agents Ltd. is a private company, limited by shares, registered in Scotland, registration number SC295460. The registered office is INVERCLOY HOUSE, BRODICK, ISLE OF ARRAN, KA27 8AJ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
150,000 
At 28 February 2023
150,000 
Amortisation
At 1 March 2022
120,000 
Charge for the year
7,500 
At 28 February 2023
127,500 
Net book value
At 28 February 2023
22,500 
At 28 February 2022
30,000 
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Arran Estate Agents Ltd. Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
22,421 
16,091 
10,481 
48,993 
At 28 February 2023
22,421 
16,091 
10,481 
48,993 
Depreciation
At 1 March 2022
14,283 
8,409 
9,317 
32,009 
Charge for the year
1,465 
1,152 
175 
2,792 
At 28 February 2023
15,748 
9,561 
9,492 
34,801 
Net book value
At 28 February 2023
6,673 
6,530 
989 
14,192 
At 28 February 2022
8,138 
7,682 
1,164 
16,984 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
17,787 
13,745 
Accrued income and prepayments
619 
1,171 
Other debtors
4,120 
17,531 
22,526 
32,447 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
Trade creditors
5,872 
3,979 
Taxes and social security
39,421 
32,958 
Other creditors
2,125 
609 
Accruals
1,200 
1,200 
56,618 
46,746 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,000 
26,000 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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