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Registration number: SC761588

A Dunsmore Properties Ltd

Annual Report and Unaudited Financial Statements

for the Period from 9 March 2023 to 31 March 2024

 

A Dunsmore Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

A Dunsmore Properties Ltd

Company Information

Director

Ms Ashley Dunsmore

Registered office

159 King Street
Glasgow
Lanarkshire
G73 1BZ

Accountants

Clyde Business Services Ltd
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

A Dunsmore Properties Ltd

(Registration number: SC761588)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

154,400

Current assets

 

Cash at bank and in hand

 

500

Creditors: Amounts falling due within one year

5

(155,959)

Net current liabilities

 

(155,459)

Net liabilities

 

(1,059)

Capital and reserves

 

Called up share capital

6

1

Retained earnings

(1,060)

Shareholders' deficit

 

(1,059)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 3 October 2024
 

.........................................
Ms Ashley Dunsmore
Director

 

A Dunsmore Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
159 King Street
Glasgow
Lanarkshire
G73 1BZ
United Kingdom

These financial statements were authorised for issue by the director on 3 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

fixtures & fittings

20% reducing balance

 

A Dunsmore Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

150,000

5,500

155,500

At 31 March 2024

150,000

5,500

155,500

Depreciation

Charge for the period

-

1,100

1,100

At 31 March 2024

-

1,100

1,100

Carrying amount

At 31 March 2024

150,000

4,400

154,400

Included within the net book value of land and buildings above is £150,000 in respect of freehold land and buildings.
 

 

A Dunsmore Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

360

Other creditors

155,599

155,959

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

1

1