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REGISTERED NUMBER: SC369881 (Scotland)















ANTAEUS DEVELOPMENTS LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






ANTAEUS DEVELOPMENTS LTD. (REGISTERED NUMBER: SC369881)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANTAEUS DEVELOPMENTS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: W M Reid
J S Reid



REGISTERED OFFICE: 162 Glenpark Street
Glasgow
G31 1PG



REGISTERED NUMBER: SC369881 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Bank Of Scotland
The Direct Business Bank
PO Box 1000
BX2 1LB

ANTAEUS DEVELOPMENTS LTD. (REGISTERED NUMBER: SC369881)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 51,659 51,659

CURRENT ASSETS
Debtors 5 50,000 5,302
Cash at bank 84,383 186,644
134,383 191,946
CREDITORS
Amounts falling due within one year 6 747 38,956
NET CURRENT ASSETS 133,636 152,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,295

204,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 185,195 204,549
SHAREHOLDERS' FUNDS 185,295 204,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 4th October 2024 and were signed on its behalf by:





J S Reid - Director


ANTAEUS DEVELOPMENTS LTD. (REGISTERED NUMBER: SC369881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Antaeus Developments Ltd. is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is shown as a revaluation reserve to distinguish this from distributable profits.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 51,659
NET BOOK VALUE
At 31st December 2023 51,659
At 31st December 2022 51,659

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2015 80,174
Valuation in 2022 (80,174 )
Cost 51,659
51,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,000 5,302

ANTAEUS DEVELOPMENTS LTD. (REGISTERED NUMBER: SC369881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 50 -
Taxation and social security 23 30,381
Other creditors 674 8,575
747 38,956

7. RELATED PARTY DISCLOSURES

Other debtors (note 5) includes a loan made to MASC Management Ltd, a company in which W M Reid has an interest.

8. ULTIMATE CONTROLLING PARTY

The controlling parties are J S Reid, W M Reid, S K Young and I W Reid who each own 25% of the share capital.