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COMPANY REGISTRATION NUMBER: SC294553
St Mungo's Road Developments Limited
Filleted Unaudited Financial Statements
30 June 2023
St Mungo's Road Developments Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
St Mungo's Road Developments Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of St Mungo's Road Developments Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Mungo's Road Developments Limited for the year ended 30 June 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of St Mungo's Road Developments Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of St Mungo's Road Developments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Mungo's Road Developments Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that St Mungo's Road Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of St Mungo's Road Developments Limited. You consider that St Mungo's Road Developments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of St Mungo's Road Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
4 March 2024
St Mungo's Road Developments Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
2,517
2,517
Cash at bank and in hand
7,876
9,013
--------
--------
10,393
11,530
Creditors: amounts falling due within one year
5
325
600
--------
--------
Net current assets
10,068
10,930
--------
--------
Total assets less current liabilities
10,068
10,930
--------
--------
Net assets
10,068
10,930
--------
--------
Capital and reserves
Called up share capital
500
500
Capital redemption reserve
500
500
Profit and loss account
9,068
9,930
--------
--------
Shareholders funds
10,068
10,930
--------
--------
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 4 March 2024 , and are signed on behalf of the board by:
Mr J O'Donnell
Director
Company registration number: SC294553
St Mungo's Road Developments Limited
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 95 West Regent Street, Glasgow, G2 2BA.
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.
Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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. Debtors
2023
2022
£
£
Other debtors
2,517
2,517
-------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
325
600
----
----
6. Related party transactions
The company provided loan funds of £2,300 to Ellondon Consulting Limited. Mr J O'Donnell , director, has an interest in this company. Funds of £100 were provided to October Residential.
7. Controlling party
The company was under the control of Mr and Mrs O'Donnell, directors throughout the current period.