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REGISTERED NUMBER: SC418825 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Abigail Primrose Ltd

Abigail Primrose Ltd (Registered number: SC418825)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Abigail Primrose Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs S Bringhurst
Miss H Waugh Rafie Elizel





REGISTERED OFFICE: 77/2 Hanover Street
Edinburgh
EH2 1EE





REGISTERED NUMBER: SC418825 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

Abigail Primrose Ltd

Report of the Accountants to the Directors of
Abigail Primrose Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


21st October 2024

Abigail Primrose Ltd (Registered number: SC418825)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 555,000 555,000

CURRENT ASSETS
Cash at bank 75,555 146,356

CREDITORS
Amounts falling due within one year 5 22,092 135,382
NET CURRENT ASSETS 53,463 10,974
TOTAL ASSETS LESS CURRENT LIABILITIES 608,463 565,974

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 405,000 405,000
Retained earnings 203,462 160,973
SHAREHOLDERS' FUNDS 608,463 565,974

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 21st October 2024 and were signed on its behalf by:





Miss H Waugh Rafie Elizel - Director


Abigail Primrose Ltd (Registered number: SC418825)

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


1. STATUTORY INFORMATION

Abigail Primrose 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 represents income from property rental.

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
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st April 2023
and 31st March 2024 555,000
Net book value
At 31st March 2024 555,000
At 31st March 2023 555,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2013 405,000
Cost 150,000
555,000

Abigail Primrose Ltd (Registered number: SC418825)

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


4. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 150,000 150,000

The investment properties were valued on an open market basis on 3rd June 2013 by Graham and Sibbald, Chartered Surveyors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 18,564
Tax 11,344 8,940
Directors' current accounts 8,048 105,478
Accrued expenses 2,700 2,400
22,092 135,382

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 18,564

The bank loan was fully repaid during the year.

7. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 405,000