Registered number
SC723884
Edifice Properties & Investments
Filleted Accounts
29 February 2024
Edifice Properties & Investments
Registered number: SC723884
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 421,858 192,500
Current assets
Cash at bank and in hand 2,635 6,244
Creditors: amounts falling due within one year 4 (2,412) (1,923)
Net current assets 223 4,321
Total assets less current liabilities 422,081 196,821
Creditors: amounts falling due after more than one year 5 (407,894) (190,826)
Net assets 14,187 5,995
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,087 5,895
Shareholder's funds 14,187 5,995
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MF Iqbal
Director
Approved by the board on 18 October 2024
Edifice Properties & Investments
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from rents received.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 192,500
Additions 229,358
At 29 February 2024 421,858
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 421,858
At 28 February 2023 192,500
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,922 1,383
Other creditors 490 540
2,412 1,923
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 100,894 90,826
Links Licensed Grocers 307,000 100,000
407,894 190,826
6 Other information
Edifice Properties & Investments is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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