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COMPANY REGISTRATION NUMBER: SC191732
Tarvie Crofting Enterprise
Company Limited by Guarantee
Filleted Unaudited Abridged Financial Statements
31 December 2023
Tarvie Crofting Enterprise
Company Limited by Guarantee
Abridged Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Cash at bank and in hand
2,027
2,444
Creditors: amounts falling due within one year
330
300
-------
-------
Net current assets
1,697
2,144
-------
-------
Total assets less current liabilities
1,697
2,144
-------
-------
Net assets
1,697
2,144
-------
-------
Capital and reserves
Profit and loss account
1,697
2,144
-------
-------
Members funds
1,697
2,144
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Tarvie Crofting Enterprise
Company Limited by Guarantee
Abridged Statement of Financial Position (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr A S MacKenzie
Director
Company registration number: SC191732
Tarvie Crofting Enterprise
Company Limited by Guarantee
Notes to the Abridged Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in Scotland.
The address of the registered office is c/o Macdowall & Co, Tulloch Street,
Dingwall, Ross-shire, IV15 9JY.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The company is limited bt guarantee and does not have a share capital.
The liability of the members is limited but is not to exceed £1 per member.
5. Related party transactions
6. Other spare note 99 heading