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Registered Number: SC635649
Scotland

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2024

for

GINGER NEST LTD

Directors Anamaria Liddle
Michael John Liddle
Registered Number SC635649
Registered Office 4 Cullet Walk
Edinburgh
EH15 1AD
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 July 2024.
Directors
The directors who served the company throughout the year were as follows:
Anamaria Liddle
Michael John Liddle
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Michael John Liddle
Director

Date approved: 16 April 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ginger Nest Ltd for the 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 accounts of Ginger Nest Ltd for the year ended 31 July 2024 as set out on pages Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of Ginger Nest Ltd , as a body, in accordance with the terms of our engagement letter dated 16 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Ginger Nest Ltd and state those matters that we have agreed to state to the Board of Directors of Ginger Nest Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ginger Nest Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ginger Nest Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ginger Nest Ltd . You consider that Ginger Nest 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 accounts of Ginger Nest 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 account
31 July 2024.



....................................................
FBD Consultancy Accounts & Tax Ltd.
2 Glasgow Road
Dennyloanhead
Stirlingshire
FK4 1QF
16 April 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 776,503    758,302 
776,503    758,302 
Current assets      
Debtors 4 257    300 
Cash at bank and in hand 10,270    10,407 
10,527    10,707 
Creditors: amount falling due within one year 5 (198,826)   (205,110)
Net current assets (188,299)   (194,403)
 
Total assets less current liabilities 588,204    563,899 
Creditors: amount falling due after more than one year 6 (547,472)   (547,472)
Provisions for liabilities 7 (6,777)   (3,319)
Net assets 33,955    13,108 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 33,953    13,106 
Shareholders' funds 33,955    13,108 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 April 2025 and were signed on its behalf by:


-------------------------------
Michael John Liddle
Director
4
General Information
Ginger Nest Ltd is a private company, limited by shares, registered in Scotland, registration number SC635649, registration address 4 Cullet Walk, Edinburgh, EH15 1AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 4 years Straight Line
Plant and Machinery 4 years Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 August 2023 8,047    1,879    755,000    764,926 
Additions 660        660 
Disposals      
Revaluations     20,000    20,000 
At 31 July 2024 8,707    1,879    775,000    785,586 
Depreciation
At 01 August 2023 5,215    1,409      6,624 
Charge for year 1,989    470      2,459 
On disposals      
At 31 July 2024 7,204    1,879      9,083 
Net book values
Closing balance as at 31 July 2024 1,503      775,000    776,503 
Opening balance as at 01 August 2023 2,832    470    755,000    758,302 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 257    300 
257    300 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 793    62 
Accrued Expenses 2,839    2,840 
Other Creditors   (2)
Directors' Current Accounts 195,194    202,210 
198,826    205,110 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 547,472    547,472 
547,472    547,472 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 3,319    3,710 
Charged to Profit & Loss 3,458    (391)
6,777    3,319 

5