Anderson Properties (Dundee) Limited SC752796 false 2022-12-09 2023-12-31 2023-12-31 The principal activity of the company is Letting of own property. Digita Accounts Production Advanced 6.30.9574.0 true true SC752796 2022-12-09 2023-12-31 SC752796 2023-12-31 SC752796 bus:OrdinaryShareClass1 2023-12-31 SC752796 bus:OrdinaryShareClass2 2023-12-31 SC752796 core:CurrentFinancialInstruments 2023-12-31 SC752796 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC752796 core:Non-currentFinancialInstruments 2023-12-31 SC752796 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 SC752796 bus:SmallEntities 2022-12-09 2023-12-31 SC752796 bus:AuditExemptWithAccountantsReport 2022-12-09 2023-12-31 SC752796 bus:FilletedAccounts 2022-12-09 2023-12-31 SC752796 bus:SmallCompaniesRegimeForAccounts 2022-12-09 2023-12-31 SC752796 bus:RegisteredOffice 2022-12-09 2023-12-31 SC752796 bus:Director1 2022-12-09 2023-12-31 SC752796 bus:Director2 2022-12-09 2023-12-31 SC752796 bus:OrdinaryShareClass1 2022-12-09 2023-12-31 SC752796 bus:OrdinaryShareClass2 2022-12-09 2023-12-31 SC752796 bus:PrivateLimitedCompanyLtd 2022-12-09 2023-12-31 SC752796 core:AllAssociates 2022-12-09 2023-12-31 SC752796 countries:Scotland 2022-12-09 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC752796

Anderson Properties (Dundee) Limited

Unaudited Financial Statements

for the Period from 9 December 2022 to 31 December 2023

 

Anderson Properties (Dundee) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Anderson Properties (Dundee) Limited

(Registration number: SC752796)
Statement of Financial Position as at 31 December 2023

Note

2023
£

Fixed assets

 

Investment property

4

235,000

Current assets

 

Debtors

5

18,000

Cash at bank and in hand

 

17,970

 

35,970

Creditors: Amounts falling due within one year

6

(8,255)

Net current assets

 

27,715

Total assets less current liabilities

 

262,715

Creditors: Amounts falling due after more than one year

6

(85,000)

Net assets

 

177,715

Capital and reserves

 

Called up share capital

7

1

Retained earnings

177,714

Shareholders' funds

 

177,715

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The Directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 6 September 2024 and signed on its behalf by:

.........................................
Mr Darren Anderson
Director

.........................................
Mrs Michelle Jean Anderson
Director

 
     
 

Anderson Properties (Dundee) Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023

1

General information

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

The address of its registered office is:
31 Alpin Road
Dundee
DD3 6HZ

These financial statements were authorised for issue by the Board on 6 September 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Anderson Properties (Dundee) Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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. They are subsequently measured at amortised cost using the effective interest method, 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.

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 and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Anderson Properties (Dundee) Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023

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.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 0.

4

Investment properties

2023
£

Additions

235,000

At 31 December

235,000

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

5

Debtors

Current

2023
£

Trade debtors

18,000

 

18,000

 

Anderson Properties (Dundee) Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

7,042

Accruals and deferred income

1,213

8,255

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

85,000

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary Share A of £0.01 each

75

0.75

Ordrinary Share B of £0.01 each

25

0.25

100

1.00

8

Loans and borrowings

Non-current loans and borrowings

2023
£

Other borrowings

85,000

9

Related party transactions

Summary of transactions with associates

At year end there was an intercompany loan of £85,000 with an associated company, with no interest charged on the loan.