2023-01-01 SC369642 2023-12-31 SC369642 2023-01-01 2023-12-31 SC369642 2022-12-31 SC369642 2022-01-01 2022-12-31 SC369642 uk-core:WithinOneYear 2022-12-31 SC369642 uk-core:WithinOneYear 2023-12-31 SC369642 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC369642 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC369642 uk-bus:Director1 2023-01-01 2023-12-31 SC369642 uk-core:FurnitureFittings 2023-01-01 2023-12-31 SC369642 uk-core:FurnitureFittings 2022-12-31 SC369642 uk-core:Buildings 2022-12-31 SC369642 uk-core:Buildings 2023-12-31 SC369642 uk-core:FurnitureFittings 2023-12-31 SC369642 uk-core:Buildings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure SC369642 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC369642 uk-bus:FRS102 2023-01-01 2023-12-31 SC369642 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 SC369642 uk-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31
Shieldhill Youth/Community Hall Project
Registered Number:SC369642
For the year ended 31 December 2023
Scotland
Unaudited Financial Statements
2
For the year ended 31 December 2023
Shieldhill Youth/Community Hall Project
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC369642
As at 31 December 2023
Shieldhill Youth/Community Hall Project
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
81,745
81,804
2
81,745
81,804
Current assets
2,300
Cash and cash equivalents
1,909
1,909
2,300
Trade and other payables: amounts falling due within one year
(259)
(259)
3
2,041
1,650
Net current assets
Total assets less current liabilities
83,395
83,845
83,395
Net assets
83,845
Capital and reserves
Retained earnings
83,395
83,845
83,395
83,845
Members' Funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
David Taylor Director
These financial statements were approved and authorised for issue by the Board on 09 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Shieldhill Youth/Community Hall Project
Notes to the Financial Statements
Statutory Information
Shieldhill Youth/Community Hall Project is a private limited company, limited by guarantee, domiciled in Scotland, registration
number SC369642.
Registered address:
13 Moffat Avenue
Carronshore
Falkirk
FK2 8TB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or valuation
At 01 January 2023
83,373
1,962
81,411
At 31 December 2023
81,411
1,962
83,373
Provision for depreciation and impairment
At 01 January 2023
1,569
1,569
-
Charge for year
59
59
-
At 31 December 2023
1,628
1,628
-
At 31 December 2023
Net book value
81,411
334
81,745
At 31 December 2022
81,411
393
81,804
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5
For the year ended 31 December 2023
Shieldhill Youth/Community Hall Project
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
259
259
4. Average number of persons employed
During the year the average number of employees was 0
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