Company Registration No. SC446400 (Scotland)
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Unaudited accounts
for the year ended 27 April 2023
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Unaudited accounts
Contents
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Company Information
for the year ended 27 April 2023
Company Number
SC446400 (Scotland)
Registered Office
8/22 PORTLAND GARDENS
EDINBURGH
EH6 6NJ
SCOTLAND
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Statement of financial position
as at 27 April 2023
Tangible assets
160,896
87,310
Investment property
5,794,831
4,262,965
Cash at bank and in hand
669,978
273,707
Creditors: amounts falling due within one year
(17,065)
(78,802)
Net current assets
694,570
294,380
Total assets less current liabilities
6,650,297
4,644,655
Creditors: amounts falling due after more than one year
(3,143,981)
(1,071,284)
Provisions for liabilities
Net assets
3,495,717
3,573,371
Called up share capital
6
6
Revaluation reserve
-
56,822
Profit and loss account
3,495,711
3,516,543
Shareholders' funds
3,495,717
3,573,371
For the year ending 27 April 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 31 October 2023 and were signed on its behalf by
Dr Mohamed Anwar
Director
Company Registration No. SC446400
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 27 April 2023
FERNHILL SYSTEMS (SCOTLAND) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC446400. The registered office is 8/22 PORTLAND GARDENS, EDINBURGH, EH6 6NJ, 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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
20% reducing line basis
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 27 April 2023
4
Tangible fixed assets
Plant & machinery
Charge for the year
40,505
Fair value at 28 April 2022
4,262,965
At 27 April 2023
5,794,831
Amounts falling due within one year
Trade debtors
41,657
77,561
Deferred tax asset
-
7,798
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,351
9,948
Other creditors
5,699
13,830
Loans from directors
796
746
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
3,143,981
1,071,284
FERNHILL SYSTEMS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 27 April 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).