Company No:
Contents
2023 | 2022 | |||
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Current assets | ||||
Debtors | ||||
- due after more than one year | 3 |
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Cash at bank and in hand |
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1,979,451 | 1,592,405 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 1,815,964 | 1,358,703 | ||
Total assets less current liabilities | 1,815,964 | 1,358,703 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Scotsgrove Asset Management Limited (registered number:
E B A Haimes
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Scotsgrove Asset Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office 5 Riverside Place, Taunton, Somerset, TA1 1JH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The company makes loans to other entities. These are included within other debtors due within one year at amortised cost plus any unpaid interest due on these loans.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Debtors: amounts falling due after more than one year | |||
Other debtors |
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£ | £ | ||
Taxation and social security |
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Other creditors |
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Transactions with entities in which the entity itself has a participating interest
Included within other debtors is a balance of £1,951,773 (2022: £1,420,695) due from Scotsgrove Holdings Limited, a company with some common shareholders. Included in this balance is £166,078 (2022: £109,345) of interest charged during the year.