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Company Registration No. SC074474 (Scotland)
Edinburgh & Northern Limited Unaudited accounts for the year ended 31 August 2023
Edinburgh & Northern Limited Unaudited accounts Contents
Page
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Edinburgh & Northern Limited Company Information for the year ended 31 August 2023
Directors
Fraser Loudon James Loudon John Loudon
Company Number
SC074474 (Scotland)
Registered Office
6c Essex Road Edinburgh Midlothian EH4 6LG Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Edinburgh & Northern Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,461 
161,899 
Investments
70,000 
70,000 
71,461 
231,899 
Current assets
Debtors
163,769 
4,483 
Investments
47,323 
48,986 
Cash at bank and in hand
1,706 
5,760 
212,798 
59,229 
Creditors: amounts falling due within one year
(3,581)
(3,345)
Net current assets
209,217 
55,884 
Total assets less current liabilities
280,678 
287,783 
Provisions for liabilities
Deferred tax
- 
(13,300)
Net assets
280,678 
274,483 
Capital and reserves
Called up share capital
22,000 
22,000 
Revaluation reserve
132,151 
132,151 
Profit and loss account
126,527 
120,332 
Shareholders' funds
280,678 
274,483 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
John Loudon Director Company Registration No. SC074474
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Edinburgh & Northern Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Edinburgh & Northern Limited is a private company, limited by shares, registered in Scotland, registration number SC074474. The registered office is 6c Essex Road, , Edinburgh, Midlothian, EH4 6LG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Edinburgh & Northern Limited Notes to the Accounts for the year ended 31 August 2023
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
160,000 
4,320 
164,320 
Additions
- 
767 
767 
Disposals
(160,000)
(987)
(160,987)
At 31 August 2023
- 
4,100 
4,100 
Depreciation
At 1 September 2022
- 
2,421 
2,421 
Charge for the year
- 
1,205 
1,205 
On disposals
- 
(987)
(987)
At 31 August 2023
- 
2,639 
2,639 
Net book value
At 31 August 2023
- 
1,461 
1,461 
At 31 August 2022
160,000 
1,899 
161,899 
5
Investments
Other investments 
£ 
Valuation at 1 September 2022
70,000 
Valuation at 31 August 2023
70,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
158,567 
- 
Accrued income and prepayments
4,080 
4,079 
Other debtors
1,122 
404 
163,769 
4,483 
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Edinburgh & Northern Limited Notes to the Accounts for the year ended 31 August 2023
7
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
47,323 
48,986 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
1,911 
1,911 
Loans from directors
395 
184 
Accruals
1,275 
1,250 
3,581 
3,345 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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