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REGISTERED NUMBER: SC098964 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

October Investments Limited

October Investments Limited (Registered number: SC098964)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


October Investments Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: I W McMurdo
Mrs C S McMurdo





SECRETARY: Mrs C S McMurdo





REGISTERED OFFICE: Flat 1
4B Ellersly Road
Edinburgh
Lothian
EH12 6HZ





REGISTERED NUMBER: SC098964 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

October Investments Limited (Registered number: SC098964)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,021 6,694
Investment property 5 1,936,358 2,324,576
1,941,379 2,331,270

CURRENT ASSETS
Debtors 6 3,769 -
Cash at bank 46,909 113,963
50,678 113,963
CREDITORS
Amounts falling due within one year 7 843,431 996,490
NET CURRENT LIABILITIES (792,753 ) (882,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,626

1,448,743

CREDITORS
Amounts falling due after more than one year 8 17,556 20,222
NET ASSETS 1,131,070 1,428,521

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Capital redemption reserve 10,000 10,000
Other reserves (388,218 ) -
Retained earnings 1,499,288 1,408,521
SHAREHOLDERS' FUNDS 1,131,070 1,428,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

October Investments Limited (Registered number: SC098964)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





I W McMurdo - Director


October Investments Limited (Registered number: SC098964)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

October Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Income
Income is derived from rents received of investment properties held. Income is recognised in line with the relevant rental agreements in place.

3. EMPLOYEES AND DIRECTORS

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

October Investments Limited (Registered number: SC098964)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 38,613
DEPRECIATION
At 1 October 2022 31,919
Charge for year 1,673
At 30 September 2023 33,592
NET BOOK VALUE
At 30 September 2023 5,021
At 30 September 2022 6,694

There were no indicators of impairment noted in the year.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 2,324,576
Revaluations (388,218 )
At 30 September 2023 1,936,358
NET BOOK VALUE
At 30 September 2023 1,936,358
At 30 September 2022 2,324,576

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 (388,218 )
Cost 2,324,576
1,936,358

A valuation of investment properties held by the company was undertaken by Gardiner & Co in August 2023 and is reflected in the above.

October Investments Limited (Registered number: SC098964)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 600 -
Other debtors 3,169 -
3,769 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 2,814 3,372
Taxation and social security 31,753 24,474
Other creditors 808,864 968,644
843,431 996,490

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 17,556 20,222