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Registration number: SC575579

Andstrat (NO.420) H Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Andstrat (NO.420) H Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Andstrat (NO.420) H Limited

Company Information

Director

C P Crombie

Registered office

28 Durham Road
Edinburgh
EH15 1PD

Accountants

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Andstrat (NO.420) H Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Andstrat (NO.420) H Limited for the year ended 30 November 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com.

This report is made solely to the Board of Directors of Andstrat (NO.420) H Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Andstrat (NO.420) H Limited and state those matters that we have agreed to state to the Board of Directors of Andstrat (NO.420) H Limited, as a body, in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at www.icas.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andstrat (NO.420) H Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Andstrat (NO.420) H Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Andstrat (NO.420) H Limited. You consider that Andstrat (NO.420) H Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Andstrat (NO.420) H Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

16 July 2024

 

Andstrat (NO.420) H Limited

(Registration number: SC575579)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

401

714

Investment property

5

600,000

562,000

 

600,401

562,714

Current assets

 

Debtors

6

1,931

1,972

Cash at bank and in hand

 

73,124

61,585

 

75,055

63,557

Creditors: Amounts falling due within one year

7

(6,736)

(6,063)

Net current assets

 

68,319

57,494

Total assets less current liabilities

 

668,720

620,208

Provisions for liabilities

(43,500)

(25,840)

Net assets

 

625,220

594,368

Capital and reserves

 

Called up share capital

468,000

468,000

Other reserves

130,500

110,160

Retained earnings

26,720

16,208

Shareholders' funds

 

625,220

594,368

 

Andstrat (NO.420) H Limited

(Registration number: SC575579)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 July 2024
 

.........................................
C P Crombie
Director

   
     
 

Andstrat (NO.420) H Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
28 Durham Road
Edinburgh
EH15 1PD

These financial statements were authorised for issue by the director on 16 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts
receivable for sales to third parties in the normal course of business, net of discounts, VAT and other related
taxes.

Revenue from rental of properties is recognised when services have been provided and the right to consideration has been earned.

Revenue from the sale of investment properties is recognised when the company has concluded the transfer of the property.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss on an accruals basis.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Andstrat (NO.420) H Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are
initially measured at cost, including transaction costs.

Subsequently, investment properties are measured at fair value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise. As these gains are unrealised they are not available for distribution to members and are therefore held in other reserves.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Andstrat (NO.420) H Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Provisions

Provisions are set up only where it is possible that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where
material, provisions are calculated on a discounted basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans to the company.

 Recognition and measurement

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Director's loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Investments in equity shares which are publicly traded or where the fair value of the shares can be measured reliably are initially measured at fair value. Transaction costs are charged to profit or loss. The investments are subsequently remeasured in the balance sheet at fair value with changes in fair value recognised through profit and loss.


 Impairment

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Andstrat (NO.420) H Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

949

949

At 30 November 2023

949

949

Depreciation

At 1 December 2022

235

235

Charge for the year

313

313

At 30 November 2023

548

548

Carrying amount

At 30 November 2023

401

401

At 30 November 2022

714

714

5

Investment properties

2023
£

At 1 December

562,000

Fair value adjustments

38,000

At 30 November

600,000

The director has assessed the investment properties and based on current market conditions is confident that the
investment properties are included within the accounts at fair value.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Trade debtors

1,870

1,870

Prepayments

61

102

 

1,931

1,972

 

Andstrat (NO.420) H Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

2,097

1,974

Taxation and social security

 

2,539

2,079

Accruals and deferred income

 

2,100

2,010

 

6,736

6,063

8

Related party transactions

Transactions with the director

2023

At 1 December 2022
£

Repayments to director
£

Advances from director
£

At 30 November 2023
£

C P Crombie

Interest free loan from director

1,974

(689)

812

2,097

         
       

 

2022

At 1 December 2021
£

Advances from director
£

At 30 November 2022
£

C P Crombie

Interest free loan from director

1,474

500

1,974

       
     

 

9

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

2,097

1,974