REGISTERED NUMBER: |
THE MEALL PROPERTY COMPANY LTD. |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
THE MEALL PROPERTY COMPANY LTD. |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
THE MEALL PROPERTY COMPANY LTD. (REGISTERED NUMBER: SC031714) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE MEALL PROPERTY COMPANY LTD. |
COMPANY INFORMATION |
For The Year Ended 30 April 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
THE MEALL PROPERTY COMPANY LTD. (REGISTERED NUMBER: SC031714) |
BALANCE SHEET |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
THE MEALL PROPERTY COMPANY LTD. (REGISTERED NUMBER: SC031714) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
The Meall Property Company Ltd. is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Director's loan account | 128,625 | 160,109 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade creditors |
Other creditors |
THE MEALL PROPERTY COMPANY LTD. (REGISTERED NUMBER: SC031714) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 30 April 2024 the company had provided the director with a loan of £128,625 (2023, £160,109). Interest was charged on this loan at 2.50%. There are no fixed repayment terms for this loan. |