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COMPANY REGISTRATION NUMBER: SC398900
Sterling Investments (Glasgow) Ltd.
Filleted Unaudited Abridged Financial Statements
31 October 2023
Sterling Investments (Glasgow) Ltd.
Abridged Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Current assets
Cash at bank and in hand
3,643
4,105
Creditors: amounts falling due within one year
3,633
4,095
-------
-------
Net current assets
10
10
----
----
Total assets less current liabilities
10
10
----
----
Capital and reserves
Called up share capital
10
10
----
----
Shareholders funds
10
10
----
----
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 abridged income statement has not been delivered.
For the year ending 31 October 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 income statement and the abridged statement of financial position for the year ending 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 3 April 2024 , and are signed on behalf of the board by:
Mr R F Kerr
Director
Company registration number: SC398900
Sterling Investments (Glasgow) Ltd.
Notes to the Abridged Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 11 Southbrae Gardens, Glasgow, G13 1UB.
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.
4. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R F Kerr
( 1,347)
( 1,347)
Sir W Ripley
( 1,125)
( 1,125)
Mrs J E Fleming
( 52)
52
-------
----
----
-------
( 2,524)
52
( 2,472)
-------
----
----
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R F Kerr
( 1,347)
( 1,347)
Sir W Ripley
( 881)
( 244)
( 1,125)
Mrs J E Fleming
( 52)
( 52)
-------
----
----
-------
( 2,228)
( 296)
( 2,524)
-------
----
----
-------
5. Related party transactions
The company was under the control of Mr R F Kerr throughout the current and previous year. Mr R F Kerr is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.