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Registration number: SC754052

Auchenflower Investments Limited

Unaudited Filleted Financial Statements

for the Period from 31 December 2022 to 31 December 2023

 

Auchenflower Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Auchenflower Investments Limited

Company Information

Directors

Mr J Corcoran

Ms N Hinchy

Registered office

9 Park Crescent
Edinburgh
EH16 6JD

Accountants

Padam Walburn Accounting Services
80 Forest View Road
Tuffley
Gloucester
Gloucestershire
GL4 0BY

 

Auchenflower Investments Limited

(Registration number: SC754052)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

295,480

Current assets

 

Debtors

5

18

Cash at bank and in hand

 

14

 

32

Creditors: Amounts falling due within one year

6

(98,250)

Net current liabilities

 

(98,218)

Total assets less current liabilities

 

197,262

Creditors: Amounts falling due after more than one year

6

(215,607)

Net liabilities

 

(18,345)

Capital and reserves

 

Called up share capital

7

1,000

Retained earnings

(19,345)

Shareholders' deficit

 

(18,345)

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 Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

 

Auchenflower Investments Limited

(Registration number: SC754052)
Balance Sheet as at 31 December 2023

.........................................
Mr J Corcoran
Director

.........................................
Ms N Hinchy
Director

 

Auchenflower Investments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9 Park Crescent
Edinburgh
EH16 6JD
Scotland

These financial statements were authorised for issue by the Board on 18 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and building

Nil

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.

 

Auchenflower Investments Limited

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

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 profit and loss account 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.

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 2.

 

Auchenflower Investments Limited

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

295,480

295,480

At 31 December 2023

295,480

295,480

Depreciation

Carrying amount

At 31 December 2023

295,480

295,480

Included within the net book value of land and buildings above is £295,480 in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

Other debtors

18

 

18

 

Auchenflower Investments Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

3,524

Accruals and deferred income

 

750

Other creditors

 

93,976

 

98,250

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

215,607

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary shares of £1 each

1,000

1,000

   

8

Loans and borrowings

Non-current loans and borrowings

2023
£

Bank borrowings

215,607

Current loans and borrowings

2023
£

Bank borrowings

3,524