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Company Registration No. SC295460 (Scotland)
Arran Estate Agents Ltd. Unaudited accounts for the year ended 29 February 2024
Arran Estate Agents Ltd. Unaudited accounts Contents
Page
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Arran Estate Agents Ltd. Company Information for the year ended 29 February 2024
Director
Robert Brass
Company Number
SC295460 (Scotland)
Registered Office
INVERCLOY HOUSE BRODICK ISLE OF ARRAN KA27 8AJ
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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Arran Estate Agents Ltd. Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
22,500 
Tangible assets
16,375 
14,192 
31,375 
36,692 
Current assets
Debtors
38,631 
22,526 
Cash at bank and in hand
80,158 
147,375 
118,789 
169,901 
Creditors: amounts falling due within one year
(35,324)
(56,618)
Net current assets
83,465 
113,283 
Total assets less current liabilities
114,840 
149,975 
Creditors: amounts falling due after more than one year
(8,000)
(18,000)
Provisions for liabilities
Deferred tax
(4,094)
(2,697)
Net assets
102,746 
129,278 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
102,744 
129,276 
Shareholders' funds
102,746 
129,278 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Robert Brass Director Company Registration No. SC295460
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Arran Estate Agents Ltd. Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Arran Estate Agents Ltd. is a private company, limited by shares, registered in Scotland, registration number SC295460. The registered office is INVERCLOY HOUSE, BRODICK, ISLE OF ARRAN, KA27 8AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
150,000 
At 29 February 2024
150,000 
Amortisation
At 1 March 2023
127,500 
Charge for the year
7,500 
At 29 February 2024
135,000 
Net book value
At 29 February 2024
15,000 
At 28 February 2023
22,500 
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Arran Estate Agents Ltd. Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
22,421 
16,091 
10,481 
48,993 
Additions
- 
- 
5,312 
5,312 
At 29 February 2024
22,421 
16,091 
15,793 
54,305 
Depreciation
At 1 March 2023
15,748 
9,561 
9,492 
34,801 
Charge for the year
1,204 
980 
945 
3,129 
At 29 February 2024
16,952 
10,541 
10,437 
37,930 
Net book value
At 29 February 2024
5,469 
5,550 
5,356 
16,375 
At 28 February 2023
6,673 
6,530 
989 
14,192 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,529 
17,787 
Accrued income and prepayments
307 
619 
Other debtors
18,795 
4,120 
38,631 
22,526 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
6,599 
15,262 
Trade creditors
4,292 
5,872 
Taxes and social security
14,731 
24,159 
Other creditors
502 
2,125 
Accruals
1,200 
1,200 
35,324 
56,618 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,000 
18,000 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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