Company Registration No. SC614993 (Scotland)
Town & Country Property Auctions (Scotland) Ltd
Unaudited accounts
for the year ended 30 November 2023
Town & Country Property Auctions (Scotland) Ltd
Unaudited accounts
Contents
Town & Country Property Auctions (Scotland) Ltd
Company Information
for the year ended 30 November 2023
Company Number
SC614993 (Scotland)
Registered Office
3 McGoldrick Place
Stepps
Glasgow
Lanarkshire
G33 6BJ
Scotland
Accountants
RTP Strategic Ltd
13 Royal Crescent
GLASGOW
G3 7SL
Town & Country Property Auctions (Scotland) Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
(3,410)
15,551
Creditors: amounts falling due within one year
(384,775)
(361,789)
Net current liabilities
(388,185)
(333,287)
Net liabilities
(388,185)
(332,694)
Called up share capital
100
100
Profit and loss account
(388,285)
(332,794)
Shareholders' funds
(388,185)
(332,694)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Craig T Gibson
Director
Company Registration No. SC614993
Town & Country Property Auctions (Scotland) Ltd
Notes to the Accounts
for the year ended 30 November 2023
Town & Country Property Auctions (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC614993. The registered office is 3 McGoldrick Place, Stepps, Glasgow, Lanarkshire, G33 6BJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Over 4 years
The company continues to trade with the support of the creditors.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Town & Country Property Auctions (Scotland) Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,899
8,000
Other creditors
25,366
75,568
Loans from directors
340,033
261,973
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).