MARCHFIELD GARAGE COMPANY, LTD. (THE)

Company Registration Number:
SC025229 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Company Information

for the Period Ended 30 November 2023




Director: David Robertson
Edward Brown
Michael McKenzie
Secretary: David Robertson
Registered office: 25
Hillcrest Road
Dundee
DD2 1JJ
Company Registration Number: SC025229 (Scotland)

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 180,000 180,000
Total fixed assets: 180,000 180,000
Current assets
Cash at bank and in hand: 3,544 2,788
Total current assets: 3,544 2,788
Net current assets (liabilities): 3,544 2,788
Total assets less current liabilities: 183,544 182,788
Total net assets (liabilities): 183,544 182,788

The notes form part of these financial statements

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,620 1,620
Revaluation reserve: 5 178,458 178,458
Profit and loss account: 3,466 2,710
Shareholders funds: 183,544 182,788

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 August 2024
And Signed On Behalf Of The Board By:

Name: David Robertson
Status: Director

Name: Edward Brown
Status: Director

Name: Michael McKenzie
Status: Director

The notes form part of these financial statements

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 December 2022 180,000 180,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2023 180,000 180,000
Depreciation
At 01 December 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 30 November 2023 - -
Net book value
At 30 November 2023 180,000 180,000
At 30 November 2022 180,000 180,000

Valuation information and policy.

The heritable land and buildings are included in the Balance Sheet at estimated open market value.

MARCHFIELD GARAGE COMPANY, LTD. (THE)

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Revaluation reserve


2023
£
Balance at 01 December 2022 178,458
Surplus or deficit after revaluation 0
Balance at 30 November 2023 178,458

The Revaluation Reserve is due to the revaluation of Land and Buildings.