Registered Number
(Scotland)
Unaudited Financial Statements for the Year ended
30 November 2023
Directors | |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Investment property | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 7 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 21 August 2024, and are signed on its behalf by: |
Director |
Director Registered Company No. SC582217 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. |
Turnover policy | |
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Revenue from rendering of services | |
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Revenue from the rental of property is recognised when receivable. For all properties rent is due in advance on a monthly basis. |
Current taxation | |
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Investment property | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Financial instruments | |
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Related parties | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Tangible fixed assets |
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4. | Investment property |
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£ | ||
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Fair value at 01 December 22 | ||
Additions | ||
At 30 November 23 |
5. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Other debtors | ||||
Total |
6. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Amounts owed to related parties | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
7. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
8. | Secured creditors |
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The Mortgage Works (UK) Plc holds a fixed charge over the company properties. |
9. | Related party transactions |
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