Registered number
SC628143
EQUITY INVESTMENT (SCOTLAND) LTD
Filleted Accounts
31 March 2024
EQUITY INVESTMENT (SCOTLAND) LTD
Registered number: SC628143
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 218,950 218,950
Current assets
Cash at bank and in hand 1,103 1,320
Creditors: amounts falling due within one year 4 (751) (1,645)
Net current assets/(liabilities) 352 (325)
Total assets less current liabilities 219,302 218,625
Creditors: amounts falling due after more than one year 5 (228,954) (230,099)
Net liabilities (9,652) (11,474)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,752) (11,574)
Shareholders' funds (9,652) (11,474)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mohammed Tayyib Gondal
Director
Approved by the board on 11 October 2024
EQUITY INVESTMENT (SCOTLAND) LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of investments.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 39,995
Additions 178,955
At 31 March 2024 218,950
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 218,950
At 31 March 2023 39,995
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 751 1,645
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 228,059 229,204
Deposit 895 895
228,954 230,099
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