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Company Registration No. SC720865 (Scotland)
St Margaret's Loft Apartment Ltd Unaudited accounts for the year ended 31 January 2024
St Margaret's Loft Apartment Ltd Unaudited accounts Contents
Page
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St Margaret's Loft Apartment Ltd Company Information for the year ended 31 January 2024
Directors
Ronald Malcolm Edwards Hannah Elizabeth Strachan Michael David Strachan
Company Number
SC720865 (Scotland)
Registered Office
78 St. Margaret Street Dunfermline Fife KY12 7PE Scotland
Accountants
Peter Hall Finance & Accounting Solutions of Tillicoultry Clackmannanshire FK13 6DR
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St Margaret's Loft Apartment Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
12,185 
26,174 
Cash at bank and in hand
7,287 
5,421 
19,472 
31,595 
Creditors: amounts falling due within one year
(19,666)
(31,372)
Net current (liabilities)/assets
(194)
223 
Total assets less current liabilities
(194)
223 
Creditors: amounts falling due after more than one year
(4,362)
(6,231)
Net liabilities
(4,556)
(6,008)
Capital and reserves
Profit and loss account
(4,556)
(6,008)
Shareholders' funds
(4,556)
(6,008)
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
Ronald Malcolm Edwards Director Company Registration No. SC720865
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St Margaret's Loft Apartment Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
St Margaret's Loft Apartment Ltd is a private company, limited by shares, registered in Scotland, registration number SC720865. The registered office and principal place of business is 78 St. Margaret Street, Dunfermline, Fife, KY12 7PE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue its operational existence for the forseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparation of the financial statements.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
12,185 
26,174 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
841 
1,849 
Loans from directors
18,825 
29,523 
19,666 
31,372 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,362 
6,231 
7
Transactions with related parties
Dividends to R Edwards £9,350 Dividends to M & H Strachan £9,700
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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