1M12 Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 St. Anns Drive, Giffnock, Glasgow, GA46 6JS.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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 company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
Aldermore bank plc has standard security over:
1A Alma Place, Crieff, PH7 3JG
1B Alma Place, Crieff, PH7 3JG
1C Alma Place, Crieff, PH7 3JG
2 Alma Place, Crieff, PH7 3JG
3 Alma Place, Crieff, PH7 3JG
4 Alma Place, Crieff, PH7 3JG
5 Alma Place, Crieff, PH7 3JG
6 Alma Place, Crieff, PH7 3JG
7 Alma Place, Crieff, PH7 3JG
8 Alma Place, Crieff, PH7 3JG
7 Galvelmore Street, Crieff, PH7 4BY
9 Galvelmore Street, Crieff, PH7 4BY
10 Galvelmore Street, Crieff, PH7 4BY
11A Galvelmore Street, Crieff, PH7 4BY
11B Galvelmore Street, Crieff, PH7 4BY
11C Galvelmore Street, Crieff, PH7 4BY
11D Galvelmore Street, Crieff, PH7 4BY
12 Gavelmore Street, Crieff, PH7 4BY
14A Galvelmore Street, Crieff, PH7 4BY
The Stables, Galvelmore Street, Crieff, PH7 4BY
29A East High Street, Crieff, PH7 3AF
29C East High Street, Crieff, PH7 3AF
82B King Street, Crieff, PH7 3HB
9E Sandgate, Ayr, KA7 1BG
1D Sandgate, Ayr, KA7 1BG
Aldermore bank plc also has a standard security over the tenement known as 10-16 Galvelmore Street, within this will include the Galvelmore properties listed above.
Julie and Bernard Devine have standard security over 41 Scott Street, Perth
Shawbrook Bank Limited have standard security over 7 Galvelmore Street, Crieff, PH7 4BY