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REGISTERED NUMBER: SC359924 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Munro Anderson Ltd

Munro Anderson Ltd (Registered number: SC359924)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Munro Anderson Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Richard Shing Loong Lee





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC359924 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Munro Anderson Ltd (Registered number: SC359924)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,590 2,488
Investment property 5 1,640,271 1,634,876
1,642,861 1,637,364

CURRENT ASSETS
Debtors 6 14,026 9,456
Cash at bank 18,959 7,053
32,985 16,509
CREDITORS
Amounts falling due within one year 7 56,847 35,668
NET CURRENT LIABILITIES (23,862 ) (19,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,618,999

1,618,205

CREDITORS
Amounts falling due after more than one
year

8

1,283,699

1,340,206
NET ASSETS 335,300 277,999

CAPITAL AND RESERVES
Called up share capital 9 12,000 12,000
Retained earnings 323,300 265,999
SHAREHOLDERS' FUNDS 335,300 277,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Munro Anderson Ltd (Registered number: SC359924)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr Richard Shing Loong Lee - Director


Munro Anderson Ltd (Registered number: SC359924)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Munro Anderson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on 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.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Munro Anderson Ltd (Registered number: SC359924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 13,587 2,098 15,685
Additions 289 319 608
At 31 March 2024 13,876 2,417 16,293
DEPRECIATION
At 1 April 2023 11,243 1,954 13,197
Charge for year 370 136 506
At 31 March 2024 11,613 2,090 13,703
NET BOOK VALUE
At 31 March 2024 2,263 327 2,590
At 31 March 2023 2,344 144 2,488

Munro Anderson Ltd (Registered number: SC359924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,634,876
Additions 5,395
At 31 March 2024 1,640,271
NET BOOK VALUE
At 31 March 2024 1,640,271
At 31 March 2023 1,634,876

Investment properties, which are all freehold, are valued at fair value at 31 March 2024 by the directors of the company. The directors have used current market value and rateable value to determine the fair value of properties at the balance sheet date. No independent professional valuation has been carried out in the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,098 8,337
Other debtors 1,928 1,119
14,026 9,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,520 7,520
Trade creditors 15,586 8,735
Taxation and social security 18,072 10,497
Other creditors 15,669 8,916
56,847 35,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,271 19,001
Other creditors 1,272,428 1,321,205
1,283,699 1,340,206

Munro Anderson Ltd (Registered number: SC359924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,000 Ordinary £1 12,000 12,000