COMPANY REGISTRATION NUMBER:
SC327809
Unaudited Financial Statements |
|
Year ended 31 July 2024
Statement of financial position |
2 |
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|
Notes to the financial statements |
3 |
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The following pages do not form part of the financial statements
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
6 |
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Year ended 31 July 2024
The director presents his report and the unaudited financial statements of the company for the year ended
31 July 2024
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Principal activities
The company ceased trading on 31 July 2012 and is now dormant.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
23 January 2025
and signed on behalf of the board by:
Registered office: |
11 Mountcastle Terrace |
Edinburgh |
EH8 7SQ |
|
Statement of Financial Position |
|
31 July 2024
Fixed assets
Investments |
4 |
|
45,000 |
45,000 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
719 |
|
2,341 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
18,261 |
|
19,883 |
|
--------- |
|
--------- |
Net current liabilities |
|
17,542 |
17,542 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
27,458 |
27,458 |
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|
--------- |
--------- |
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|
|
|
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Capital and reserves
Called up share capital |
|
2 |
2 |
Profit and loss account |
|
27,456 |
27,456 |
|
|
--------- |
--------- |
Shareholders funds |
|
27,458 |
27,458 |
|
|
--------- |
--------- |
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|
|
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These financial statements have been prepared 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'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his 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
23 January 2025
, and are signed on behalf of the board by:
Company registration number:
SC327809
Notes to the Financial Statements |
|
Year ended 31 July 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 11 Mountcastle Terrace, Edinburgh, EH8 7SQ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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 instruments 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. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Investments
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Other investments other than loans |
|
£ |
Cost |
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At 1 August 2023 and 31 July 2024 |
45,000 |
|
--------- |
Impairment |
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At 1 August 2023 and 31 July 2024 |
– |
|
--------- |
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Carrying amount |
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At 31 July 2024 |
45,000 |
|
--------- |
At 31 July 2023 |
45,000 |
|
--------- |
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The Director considers the market value of the above investment in a taxi plate to be £45,000.
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
18,261 |
19,883 |
|
--------- |
--------- |
|
|
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At 31 July 2024 the company was due £4,250 (2023 £5,750) to 601 Edin Ltd. This loan is interest free with no specific terms for repayment.
6.
Related party transactions
The company was under the control of Mr
C I Graham
throughout the current period. Mr Graham is the sole director and shareholder. At 31 July 2024 Mr Graham's director's loan was in credit in the sum of £14,011 (2023 £14,133). The loan is interest free and repayable on demand. At 31 July 2024 the company was due £4,250 (2023 £5,750) to 601 Edin Ltd a company which is under the control of C Graham.
Year ended 31 July 2024
The following pages do not form part of the financial statements.
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
492 Edin Ltd. |
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Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 492 Edin Ltd. for the year ended 31 July 2024, as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of 492 Edin Ltd.. Our work has been undertaken solely to prepare for your approval the financial statements of 492 Edin Ltd. and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 492 Edin Ltd. and its director for our work or for this report.
It is your duty to ensure that 492 Edin Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 492 Edin Ltd.. You consider that 492 Edin Ltd. 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 financial statements of 492 Edin Ltd.. 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 financial statements.
GIBSON McKERRELL BURROWS LIMITED
Chartered Accountants
28 Rutland Square
Edinburgh
EH1 2BW
23 January 2025