0 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 288,954 288,954 288,954 xbrli:pure xbrli:shares iso4217:GBP SC507393 2022-07-01 2023-06-30 SC507393 2023-06-30 SC507393 2022-06-30 SC507393 bus:Director2 2022-07-01 2023-06-30 SC507393 core:WithinOneYear 2023-06-30 SC507393 core:WithinOneYear 2022-06-30 SC507393 core:ShareCapital 2023-06-30 SC507393 core:ShareCapital 2022-06-30 SC507393 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC507393 core:RetainedEarningsAccumulatedLosses 2022-06-30 SC507393 core:LandBuildings 2023-06-30 SC507393 core:LandBuildings 2022-06-30 SC507393 bus:SmallEntities 2022-07-01 2023-06-30 SC507393 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 SC507393 bus:FullAccounts 2022-07-01 2023-06-30 SC507393 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC507393 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC507393 core:ParentEntities 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: SC507393
Forth Corinthian Developments Ltd
Filleted Unaudited Financial Statements
For the year ended
30 June 2023
Forth Corinthian Developments Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
288,954
288,954
Current assets
Cash at bank and in hand
579
814
Creditors: amounts falling due within one year
5
289,533
289,768
---------
---------
Net current liabilities
288,954
288,954
---------
---------
Net liabilities
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 100)
( 100)
----
----
Shareholders funds
----
----
These 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 30 June 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
George B Mackay
Director
Company registration number: SC507393
Forth Corinthian Developments Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is c/o Forth Corinthian Yacht Club, Middle Pier Granton, Edinburgh, EH5 IHF.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Tangible assets
Land and buildings
£
Cost
At 1 July 2022 and 30 June 2023
288,954
---------
Depreciation
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
288,954
---------
At 30 June 2022
288,954
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
289,138
289,013
Social security and other taxes
380
Other creditors
395
375
---------
---------
289,533
289,768
---------
---------
6. Related party transactions
The company was under the control of Forth Corinthian Yacht Club throughout the current year and previous year. Forth Corinthian Yact Club is the 100% shareholder. The Company rented property to Forth Corinthian Yacht Club during the year.