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REGISTERED NUMBER: SC763738 (Scotland)



















Unaudited Financial Statements

for the Period 27 March 2023 to 31 March 2024

for

Andorinha Properties Limited

Andorinha Properties Limited (Registered number: SC763738)

Contents of the Financial Statements
for the Period 27 March 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andorinha Properties Limited

Company Information
for the Period 27 March 2023 to 31 March 2024







DIRECTORS: Ms S J Robinson
S M Griffiths





REGISTERED OFFICE: 40 Snowdrop Path
East Calder
Livingston
EH53 0FP





REGISTERED NUMBER: SC763738 (Scotland)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Andorinha Properties Limited (Registered number: SC763738)

Balance Sheet
31 March 2024

Notes £   
FIXED ASSETS
Tangible assets 4 31,143
Investment property 5 492,221
523,364

CURRENT ASSETS
Debtors 6 52,157
Cash at bank 14,024
66,181
CREDITORS
Amounts falling due within one year 7 (646,397 )
NET CURRENT LIABILITIES (580,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,852

)

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings 8 (57,052 )
(56,852 )

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

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

Andorinha Properties Limited (Registered number: SC763738)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





S M Griffiths - Director


Andorinha Properties Limited (Registered number: SC763738)

Notes to the Financial Statements
for the Period 27 March 2023 to 31 March 2024


1. STATUTORY INFORMATION

Andorinha Properties Limited 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these
financial statements are rounded to the nearest £1, except where otherwise indicated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation.

Andorinha Properties Limited (Registered number: SC763738)

Notes to the Financial Statements - continued
for the Period 27 March 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable in one year
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.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established.
Income from fixed asset investments is recognised when the right to it has been established.
Government grants are recognised on an accruals basis in accordance with the substance of the relevant
agreement.
Income from fixed asset investments is recognised when the right to it has been established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 32,431
At 31 March 2024 32,431
DEPRECIATION
Charge for period 1,288
At 31 March 2024 1,288
NET BOOK VALUE
At 31 March 2024 31,143

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 492,221
At 31 March 2024 492,221
NET BOOK VALUE
At 31 March 2024 492,221

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 52,157

Andorinha Properties Limited (Registered number: SC763738)

Notes to the Financial Statements - continued
for the Period 27 March 2023 to 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 3,252
Trade creditors 9,162
Other creditors 104,740
MS Lending MSQ-0674 256,750
Directors' current accounts 270,543
Accrued expenses 1,950
646,397

8. RESERVES
Retained
earnings
£   

Deficit for the period (57,052 )
At 31 March 2024 (57,052 )

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £270,543 and this is included in other creditors. The loan is interest free and is repayable on demand.

As at 31 March 2024 £104,740 was owed to an entity connected with key management personnel. The loan interest rate is 10% per annum accruing on a daily basis and the loan is repayable on demand.