Company Registration No. SC569597 (Scotland)
Inglefield Investments Limited
Unaudited accounts
for the year ended 30 June 2024
Inglefield Investments Limited
Unaudited accounts
Contents
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
Inglefield Investments Limited
Statement of financial position
as at 30 June 2024
Investment property
1,339,086
1,339,086
Cash at bank and in hand
151,927
174,673
Creditors: amounts falling due within one year
(1,444,352)
(1,432,074)
Net current liabilities
(1,238,213)
(1,253,023)
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
Inglefield Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
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.
Inglefield Investments Limited
Notes to the Accounts
for the year ended 30 June 2024
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Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
1,339,086
Amounts falling due within one year
Deferred tax asset
3,075
3,325
Accrued income and prepayments
1,137
1,053
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
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).