COMPANY REGISTRATION NUMBER:
SC765600
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 March 2024
Current assets
Debtors |
4 |
6 |
|
Cash at bank and in hand |
181 |
|
|
---- |
|
|
187 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
245 |
|
|
---- |
|
Net current liabilities |
|
58 |
|
|
---- |
Total assets less current liabilities |
|
(
58) |
|
|
---- |
|
|
|
|
Capital and reserves
Called up share capital |
6 |
|
101 |
Profit and loss account |
|
(
159) |
|
|
---- |
Shareholders deficit |
|
(
58) |
|
|
---- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 November 2024
, and are signed on behalf of the board by:
J M Chittleburgh |
Director |
|
Company registration number:
SC765600
Notes to the Financial Statements |
|
Period from 11 April 2023 to 31 March 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 61 Dublin Street, Edinburgh, EH3 6NL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors, cash at bank and amounts due from group undertakings are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, and amounts owed to group undertakings are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4.
Debtors
|
31 Mar 24 |
|
£ |
Other debtors |
6 |
|
---- |
|
|
5.
Creditors:
amounts falling due within one year
|
31 Mar 24 |
|
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
245 |
|
---- |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
31 Mar 24 |
|
No. |
£ |
Ordinary A shares of £ 1 each |
76 |
76 |
Ordinary B shares of £ 1 each |
25 |
25 |
|
---- |
---- |
|
101 |
101 |
|
---- |
---- |
|
|
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Each A and B share is entitled to one vote in any circumstances. Each B share is entitled to share equally in dividend payments or any other distribution including a distribution arising from a winding up of the company.