0 1 Andstrat (NO.420) G Limited SC575578 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 SC575578 2023-07-01 2024-06-30 SC575578 2024-06-30 SC575578 bus:Director1 1 2024-06-30 SC575578 core:CurrentFinancialInstruments 2024-06-30 SC575578 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC575578 core:Non-currentFinancialInstruments 2024-06-30 SC575578 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC575578 core:OtherResidualIntangibleAssets 2024-06-30 SC575578 core:FurnitureFittingsToolsEquipment 2024-06-30 SC575578 1 2024-06-30 SC575578 bus:SmallEntities 2023-07-01 2024-06-30 SC575578 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC575578 bus:FilletedAccounts 2023-07-01 2024-06-30 SC575578 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC575578 bus:RegisteredOffice 2023-07-01 2024-06-30 SC575578 bus:Director1 2023-07-01 2024-06-30 SC575578 bus:Director1 1 2023-07-01 2024-06-30 SC575578 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC575578 bus:Agent1 2023-07-01 2024-06-30 SC575578 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 SC575578 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 SC575578 core:OfficeEquipment 2023-07-01 2024-06-30 SC575578 1 2023-07-01 2024-06-30 SC575578 countries:Scotland 2023-07-01 2024-06-30 SC575578 2023-06-30 SC575578 bus:Director1 1 2023-06-30 SC575578 core:OtherResidualIntangibleAssets 2023-06-30 SC575578 core:FurnitureFittingsToolsEquipment 2023-06-30 SC575578 2022-07-01 2023-06-30 SC575578 2023-06-30 SC575578 bus:Director1 1 2023-06-30 SC575578 core:CurrentFinancialInstruments 2023-06-30 SC575578 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC575578 core:Non-currentFinancialInstruments 2023-06-30 SC575578 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 SC575578 core:OtherResidualIntangibleAssets 2023-06-30 SC575578 core:FurnitureFittingsToolsEquipment 2023-06-30 SC575578 1 2023-06-30 SC575578 bus:Director1 1 2022-07-01 2023-06-30 SC575578 bus:Director1 1 2022-06-30 xbrli:pure iso4217:GBP

Registration number: SC575578

Andstrat (NO.420) G Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Andstrat (NO.420) G Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Andstrat (NO.420) G Limited

Company Information

Director

A K McCashin

Registered office

13 Millar Gardens
North Berwick
EH39 5PY

Accountants

Mitchell Oswald Chartered Accountants 28 James Young Road
Bathgate
West Lothian
EH48 2UP

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Andstrat (NO.420) G Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Andstrat (NO.420) G Limited for the year ended 30 June 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com.

This report is made solely to the Board of Directors of Andstrat (NO.420) G Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Andstrat (NO.420) G Limited and state those matters that we have agreed to state to the Board of Directors of Andstrat (NO.420) G Limited, as a body, in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at www.icas.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andstrat (NO.420) G Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Andstrat (NO.420) G Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Andstrat (NO.420) G Limited. You consider that Andstrat (NO.420) G Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Andstrat (NO.420) G Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

15 January 2025

 

Andstrat (NO.420) G Limited

(Registration number: SC575578)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

17,984

10,311

Tangible assets

5

248

254

Investment property

6

665,000

665,000

Other financial assets

10,000

10,000

 

693,232

685,565

Current assets

 

Debtors

7

11,900

10,434

Cash at bank and in hand

 

12,319

28,560

 

24,219

38,994

Creditors: Amounts falling due within one year

8

(6,409)

(5,963)

Net current assets

 

17,810

33,031

Total assets less current liabilities

 

711,042

718,596

Creditors: Amounts falling due after more than one year

8

(163,980)

(163,980)

Provisions for liabilities

(19,640)

(19,640)

Net assets

 

527,422

534,976

Capital and reserves

 

Called up share capital

438,000

453,000

Other reserves

89,287

87,348

Retained earnings

135

(5,372)

Shareholders' funds

 

527,422

534,976

 

Andstrat (NO.420) G Limited

(Registration number: SC575578)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 January 2025
 

.........................................
A K McCashin
Director

   
     
 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
13 Millar Gardens
North Berwick
EH39 5PY

These financial statements were authorised for issue by the director on 15 January 2025.

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

Revenue is measured at the fair value of the the consideration received or receivable and represents amounts receivable for sales to third parties in the normal course of business, net of discounts, VAT and other related taxes.

Revenue from rental of properties is recognised when services have been provided and the right to consideration has been earned.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account of the company.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Office equipment

33% on cost

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently, investment properties are measured at fair value. Investment property valuations are based on a fair value determined by the directors or where appropriate, an external valuer. Deferred tax is provided on fair value movements. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand 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 debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 at the transaction price.

 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised in the profit and loss account as it arises.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are set up only where it is possible that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

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.

Financial instruments

Classification

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans to the company.

 Recognition and measurement

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Director's loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Investments in equity shares which are not publicly traded and where the fair value of the shares cannot be measured reliably are initially measured at cost, including transaction costs. The investment is not remeasured except where impairment has been identified.


 Impairment

Trade debtors and investments in equity shares are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 0 (2023 - 1).

 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

10,311

10,311

Impairment

(7,673)

(7,673)

Carrying amount

At 30 June 2024

17,984

17,984

At 30 June 2023

10,311

10,311

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

304

304

Additions

100

100

At 30 June 2024

404

404

Depreciation

At 1 July 2023

50

50

Charge for the year

106

106

At 30 June 2024

156

156

Carrying amount

At 30 June 2024

248

248

At 30 June 2023

254

254

 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Investment properties

2024
£

At 1 July

665,000

At 30 June

665,000

The director has assessed the investment properties and based on current market conditions is confident that the investment properties are included within the accounts at fair value.

There has been no valuation of investment property by an independent valuer.

7

Debtors

2024
£

2023
£

Other debtors

11,376

9,993

Prepayments

524

441

11,900

10,434

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,407

2,144

Accruals and deferred income

4,002

3,819

6,409

5,963

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

163,980

163,980

 

Andstrat (NO.420) G Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

163,980

163,980

Bank borrowings

The bank loan is denominated in £ with a nominal interest rate of 3.18-4.49%, and the final instalment is due on 7 April 2047. The carrying amount at year end is £163,980 (2023 - £163,980).

The loan is secured by a standard security over the investment properties at 122 Crewe Road West and 6D Houston Square.

10

Related party transactions

Transactions with the director

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

A K McCashin

Interest free loan to director

9,993

12,000

(10,617)

11,376

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

A K McCashin

Interest free loan to director

13,358

9,993

(13,358)

9,993