0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC241583 2023-08-01 2024-07-31 SC241583 2024-07-31 SC241583 2023-07-31 SC241583 2022-08-01 2023-07-31 SC241583 2023-07-31 SC241583 2022-07-31 SC241583 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC241583 bus:Director1 2023-08-01 2024-07-31 SC241583 core:WithinOneYear 2024-07-31 SC241583 core:WithinOneYear 2023-07-31 SC241583 core:ShareCapital 2024-07-31 SC241583 core:ShareCapital 2023-07-31 SC241583 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC241583 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC241583 bus:SmallEntities 2023-08-01 2024-07-31 SC241583 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC241583 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC241583 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC241583 bus:FullAccounts 2023-08-01 2024-07-31 SC241583 bus:OrdinaryShareClass1 2024-07-31 SC241583 bus:OrdinaryShareClass1 2023-07-31
COMPANY REGISTRATION NUMBER: SC241583
Barnton Avenue West Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
Barnton Avenue West Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Current assets
Stocks
1,583,361
1,583,361
Debtors
4
1,378,665
1,388,984
Cash at bank and in hand
5,847
5,997
------------
------------
2,967,873
2,978,342
Creditors: amounts falling due within one year
5
4,323,381
4,322,433
------------
------------
Net current liabilities
1,355,508
1,344,091
------------
------------
Total assets less current liabilities
( 1,355,508)
( 1,344,091)
------------
------------
Net liabilities
( 1,355,508)
( 1,344,091)
------------
------------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
( 1,355,608)
( 1,344,191)
------------
------------
Shareholder deficit
( 1,355,508)
( 1,344,091)
------------
------------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their 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 21 March 2025 , and are signed on behalf of the board by:
S D Crabb
Director
Company registration number: SC241583
Barnton Avenue West Limited
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 14 Riversdale Crescent, Edinburgh, EH12 5QT.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As at 31 July 2024, the balance sheet has net liabilities of £1,355,508 (2023: £1,344,091). The company relies on the continuing support of the group companies to enable it to continue trading and meet its liabilities as they fall due. The directors have assessed the company's ability to continue as a going concern and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have been prepared on a going concern basis on the assumption that this support will continue for the foreseeable future.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,378,665
1,388,984
------------
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,320,560
4,320,560
Other creditors
2,821
1,873
------------
------------
4,323,381
4,322,433
------------
------------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Related party transactions
As at 31 July 2024, the company owed £4,320,560 (2023: £4,320,560) to companies in which R Rennie, J Rennie and S Crabb are also directors. As at 31 July 2024, the company was owed £1,378,665 (2023: £1,388,984) by companies in which R Rennie, J Rennie and S Crabb are also directors. These loans are interest free with no fixed repayment terms.
8. Controlling party
Meribel (UK) Limited is considered by the Directors to be the company's ultimate parent company. The ultimate controlling party is Mr M L Rennie by virtue of his majority shareholding in the parent company.