Company Registration No. SC735950 (Scotland)
INGA Property Limited
Unaudited accounts
for the period from 19 June 2022 to 30 June 2023
INGA Property Limited
Unaudited accounts
Contents
INGA Property Limited
Company Information
for the period from 19 June 2022 to 30 June 2023
Director
Christopher John Hardie
Company Number
SC735950 (Scotland)
Registered Office
8 Ashwood Drive
Bridge Of Don
Aberdeen
AB22 8XE
Scotland
Accountants
Granite Accountants (Aberdeen) Limited
199 Westburn Road
Aberdeen
AB25 2QE
INGA Property Limited
Statement of financial position
as at 30 June 2023
Investment property
128,506
Cash at bank and in hand
18,233
Creditors: amounts falling due within one year
(92,289)
Net current liabilities
(72,883)
Total assets less current liabilities
55,623
Creditors: amounts falling due after more than one year
(83,738)
Profit and loss account
(28,117)
Shareholders' funds
(28,115)
For the period ending 30 June 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 director acknowledges his 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 and authorised for issue on 20 March 2024 and were signed on its behalf by
Christopher John Hardie
Director
Company Registration No. SC735950
INGA Property Limited
Notes to the Accounts
for the period from 19 June 2022 to 30 June 2023
INGA Property Limited is a private company, limited by shares, registered in Scotland, registration number SC735950. The registered office is 8 Ashwood Drive, Bridge Of Don, Aberdeen, AB22 8XE, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the amounts receivable for rents and services net of VAT and trade discounts.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The properties are held at fair value, which in 2023, is based on the initial purchase price plus other directly attributable expenditure.
Amounts falling due within one year
Accrued income and prepayments
1,173
INGA Property Limited
Notes to the Accounts
for the period from 19 June 2022 to 30 June 2023
6
Creditors: amounts falling due within one year
2023
Loans from directors
90,381
7
Creditors: amounts falling due after more than one year
2023
There is a first legal charge over the property known as 22A Riverside Drive, Aberdeen, AB11 7DF.
8
Average number of employees
During the period the average number of employees was 1.