Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Ochilview Developments LMC Ltd |
Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Ochilview Developments LMC Ltd |
Ochilview Developments LMC Ltd (Registered number: SC591838) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Ochilview Developments LMC Ltd |
Company Information |
for the Period 1 April 2022 to 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
2 Melville Street |
Falkirk |
FK1 1HZ |
Ochilview Developments LMC Ltd (Registered number: SC591838) |
Balance Sheet |
31 May 2023 |
31.5.23 | 31.3.22 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Ochilview Developments LMC Ltd (Registered number: SC591838) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Ochilview Developments LMC Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.3.22 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.3.22 |
£ | £ |
Taxation and social security |
Other creditors |
Ochilview Developments LMC Ltd (Registered number: SC591838) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.23 | 31.3.22 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.23 | 31.3.22 |
value: | £ | £ |
"A" ordinary | £1 | 100 | 100 |
8. | RELATED PARTY DISCLOSURES |
During the period the company purchased land at market value for £250,000 from Vorlic Developments Ltd, a company with common directors and shareholders. Also the company loaned a total of £801,815 to Vorlic Developments Ltd, this money was still outstanding as at 31 May 2023. |