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Company Registration No. SC569597 (Scotland)
Inglefield Investments Limited Unaudited accounts for the year ended 30 June 2024
Inglefield Investments Limited Unaudited accounts Contents
Page
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Inglefield Investments Limited Company Information for the year ended 30 June 2024
Directors
Nadia Millar Ronald Millar
Company Number
SC569597 (Scotland)
Registered Office
Inglefield Mosswell Road Milngavie GLASGOW Lanarkshire G62 8HB Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Inglefield Investments Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
2,238 
Investment property
1,339,086 
1,339,086 
1,339,086 
1,341,324 
Current assets
Debtors
54,212 
4,378 
Cash at bank and in hand
151,927 
174,673 
206,139 
179,051 
Creditors: amounts falling due within one year
(1,444,352)
(1,432,074)
Net current liabilities
(1,238,213)
(1,253,023)
Net assets
100,873 
88,301 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
100,773 
88,201 
Shareholders' funds
100,873 
88,301 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by
Nadia Millar Director Company Registration No. SC569597
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Inglefield Investments Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Inglefield Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC569597. The registered office is Inglefield, Mosswell Road Milngavie, GLASGOW, Lanarkshire, G62 8HB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Taxation
Taxation for the year comprises current and deferred 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 or deferred 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. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Inglefield Investments Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
35,800 
At 30 June 2024
35,800 
Depreciation
At 1 July 2023
33,562 
Charge for the year
2,238 
At 30 June 2024
35,800 
Net book value
At 30 June 2024
- 
At 30 June 2023
2,238 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,339,086 
At 30 June 2024
1,339,086 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,075 
3,325 
Accrued income and prepayments
1,137 
1,053 
Other debtors
50,000 
- 
54,212 
4,378 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,699 
5,273 
Loans from directors
1,439,763 
1,424,965 
Accruals
1,890 
1,836 
1,444,352 
1,432,074 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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