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COMPANY REGISTRATION NUMBER: SC145168
Tannochside Park (Management) Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Tannochside Park (Management) Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Current assets
Debtors
5
4,480
Cash at bank and in hand
46,005
39,556
--------
--------
50,485
39,556
Creditors: amounts falling due within one year
6
52,360
41,431
--------
--------
Net current liabilities
1,875
1,875
-------
-------
Total assets less current liabilities
( 1,875)
( 1,875)
-------
-------
Net liabilities
( 1,875)
( 1,875)
-------
-------
Capital and reserves
Profit and loss account
( 1,875)
( 1,875)
-------
-------
Members deficit
( 1,875)
( 1,875)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
G P Murphy
Director
Company registration number: SC145168
Tannochside Park (Management) Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is Suite 4, Ellismuir House, 6 Ellismuir Way, Tannochside Park, Uddingston, G71 5PW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern At 31 March 2024 the company had net liabilities of £1,875 (2023: £1,875). The Director has assessed the company's ability to continue as a going concern and is satisfied that that the company has sufficient resources to manage it day to day liabilities and that it remains appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
The turnover shown in the profit and loss account represents service charges earned during the year, measured at the fair value of the consideration received or receivable, exclusive of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Tannochside Park (Management) Limited only has financial instruments which qualify as basic. Basic financial assets, which include trade and other debtors and cash and bank balances, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument
4. Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
5. Debtors
2024
2023
£
£
Trade debtors
4,480
-------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,636
Social security and other taxes
6,280
4,244
Other creditors
46,080
31,551
--------
--------
52,360
41,431
--------
--------
7. Related party transactions
Included within other creditors is a balance of £ 4 (2023: £4) due to Epoch Property Limited, a company under common control. The loan is interest free and repayable on demand.