EDINBURGH SOUTHERN FLATS LIMITED

Company Registration Number:
SC130486 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

EDINBURGH SOUTHERN FLATS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EDINBURGH SOUTHERN FLATS LIMITED

Company Information

for the Period Ended 31 January 2024




Director: James Shedden
Susan Shedden
Secretary: James Shedden
Registered office: 7
Craigleith View
Edinburgh
Midlothian
EH4 3JZ
Company Registration Number: SC130486 (Scotland)

EDINBURGH SOUTHERN FLATS LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Ownership and management of leased residential properties

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
James Shedden
Susan Shedden

Secretary
James Shedden

This report was approved by the board of directors on 2 October 2024
And Signed On Behalf Of The Board By:

Name: James Shedden
Status: Director

EDINBURGH SOUTHERN FLATS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 24,117 18,650
Administrative Expenses ( 2,138 ) ( 2,940 )
Operating Profit or (Loss) 21,979 15,710
Interest Payable and Similar Charges ( 1,156 ) ( 1,075 )
Profit or (Loss) Before Tax 20,823 14,635
Tax on Profit ( 3,968 ) ( 2,796 )
Profit or (Loss) for Period 16,855 11,839

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 500,181 500,242
Total fixed assets: 500,181 500,242
Current assets
Debtors: 131,702 123,602
Cash at bank and in hand: 36,532 39,307
Total current assets: 168,234 162,909
Creditors: amounts falling due within one year: ( 4,765 ) ( 3,476 )
Net current assets (liabilities): 163,469 159,433
Total assets less current liabilities: 663,650 659,675
Creditors: amounts falling due after more than one year: ( 191,388 ) ( 204,268 )
Total net assets (liabilities): 472,262 455,407

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 59,000 59,000
Revaluation reserve: 5 47,117 47,117
Profit and loss account: 366,145 349,290
Shareholders funds: 472,262 455,407

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 October 2024
And Signed On Behalf Of The Board By:

Name: James Shedden
Status: Director

The notes form part of these financial statements

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 504,556
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2024 504,556
Depreciation
At 01 February 2023 4,314
Charge for year 61
On disposals -
Other adjustments -
At 31 January 2024 4,375
Net book value
At 31 January 2024 500,181
At 31 January 2023 500,242

EDINBURGH SOUTHERN FLATS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Revaluation reserve


2024
£
Balance at 01 February 2023 47,117
Surplus or deficit after revaluation 0
Balance at 31 January 2024 47,117