IRIS Accounts Production v24.2.0.383 12152030 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121520302022-12-31121520302023-12-31121520302023-01-012023-12-31121520302021-12-31121520302022-01-012022-12-31121520302022-12-3112152030ns15:EnglandWales2023-01-012023-12-3112152030ns14:PoundSterling2023-01-012023-12-3112152030ns10:Director12023-01-012023-12-3112152030ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112152030ns10:SmallEntities2023-01-012023-12-3112152030ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112152030ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112152030ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112152030ns10:FullAccounts2023-01-012023-12-3112152030ns10:Director22023-01-012023-12-3112152030ns10:RegisteredOffice2023-01-012023-12-3112152030ns5:CurrentFinancialInstruments2023-12-3112152030ns5:CurrentFinancialInstruments2022-12-3112152030ns5:Non-currentFinancialInstruments2023-12-3112152030ns5:Non-currentFinancialInstruments2022-12-3112152030ns5:ShareCapital2023-12-3112152030ns5:ShareCapital2022-12-3112152030ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3112152030ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3112152030ns5:RetainedEarningsAccumulatedLosses2023-12-3112152030ns5:RetainedEarningsAccumulatedLosses2022-12-3112152030ns5:CostValuation2022-12-3112152030ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112152030ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3112152030ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
















Strachan Estates Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Strachan Estates Limited (Registered number: 12152030)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strachan Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Strachan
M D Strachan





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 12152030 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Strachan Estates Limited (Registered number: 12152030)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,501 1,501
Investment property 5 450,000 450,000
451,501 451,501

CURRENT ASSETS
Debtors 6 1,685 1,761
Cash at bank 22,358 18,567
24,043 20,328
CREDITORS
Amounts falling due within one year 7 251,651 251,553
NET CURRENT LIABILITIES (227,608 ) (231,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,893

220,276

CREDITORS
Amounts falling due after more than one
year

8

(111,854

)

(115,257

)

PROVISIONS FOR LIABILITIES (23,818 ) (23,818 )
NET ASSETS 88,221 81,201

CAPITAL AND RESERVES
Called up share capital 1,501 1,501
Fair value reserve 9 66,061 66,061
Retained earnings 20,659 13,639
SHAREHOLDERS' FUNDS 88,221 81,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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 Sections 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.

Strachan Estates Limited (Registered number: 12152030)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





M D Strachan - Director


Strachan Estates Limited (Registered number: 12152030)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Strachan Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rents received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Strachan Estates Limited (Registered number: 12152030)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,501
NET BOOK VALUE
At 31 December 2023 1,501
At 31 December 2022 1,501

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 450,000
NET BOOK VALUE
At 31 December 2023 450,000
At 31 December 2022 450,000

Investment properties were valued using market data by the director on 31st December 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,685 1,761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,403 3,282
Amounts owed to group undertakings 241,805 241,805
Taxation and social security 1,647 1,712
Other creditors 4,796 4,754
251,651 251,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 111,854 115,257

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 96,928 100,864

Strachan Estates Limited (Registered number: 12152030)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 66,061