Company registration number SC568763 (Scotland)
ALEXANDER ROSS INVESTMENT GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ALEXANDER ROSS INVESTMENT GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALEXANDER ROSS INVESTMENT GROUP LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
64,995
64,995
Investments
4
124,502
226,652
189,497
291,647
Current assets
Debtors
5
6,526
6,453
Cash at bank and in hand
32,754
35,721
39,280
42,174
Creditors: amounts falling due within one year
6
(159,703)
(158,887)
Net current liabilities
(120,423)
(116,713)
Net assets
69,074
174,934
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
69,071
174,931
Total equity
69,074
174,934
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 15 February 2024
Mr R Docherty
Director
Company Registration No. SC568763
ALEXANDER ROSS INVESTMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information
Alexander Ross Investment Group Limited is a private company limited by shares incorporated in Scotland. The registered office is C/o Wright Business Centre, 1 Lonmay Road, Glasgow, G33 4EL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
ALEXANDER ROSS INVESTMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Investment property
2023
£
Fair value
At 1 July 2022 and 30 June 2023
64,995
Investment property consists of a lodge. The director considers the valuation to be a fair reflection of open market value at the balance sheet date.
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
124,502
226,652
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2022
226,652
Valuation changes
(102,150)
At 30 June 2023
124,502
Carrying amount
At 30 June 2023
124,502
At 30 June 2022
226,652
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
6,526
6,453
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
157,963
156,817
Accruals and deferred income
1,740
2,070
159,703
158,887
ALEXANDER ROSS INVESTMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
7
Related party transactions
Transactions with related parties
The following amounts were outstanding at the reporting end date:
2023
2022
Amounts due to related parties
£
£
Key management personnel
157,963
-
Other related parties
-
156,000
These loans are unsecured, interest free with no fixed date of repayment.