One One Four Property Ltd |
Registered number: |
SC703202 |
Balance Sheet |
as at 31 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
90,000 |
|
|
90,000 |
|
Current assets |
Debtors |
4 |
|
3,000 |
|
|
- |
Cash at bank and in hand |
|
|
100 |
|
|
1,954 |
|
|
|
3,100 |
|
|
1,954 |
|
Creditors: amounts falling due within one year |
5 |
|
(472) |
|
|
(448) |
|
Net current assets |
|
|
|
2,628 |
|
|
1,506 |
|
Total assets less current liabilities |
|
|
|
92,628 |
|
|
91,506 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(97,794) |
|
|
(94,400) |
|
|
|
Net liabilities |
|
|
|
(5,166) |
|
|
(2,894) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(5,266) |
|
|
(2,994) |
|
Shareholder's funds |
|
|
|
(5,166) |
|
|
(2,894) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
F Blanchard |
Director |
Approved by the board on 25 April 2025 |
|
One One Four Property Ltd |
Notes to the Accounts |
for the year ended 31 July 2024 |
|
|
1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of commercial property. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax asset is recognised in respect of a tax loss that can be carried forwards and relieved against profits in future years, where allowable. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 August 2023 |
90,000 |
|
At 31 July 2024 |
90,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
90,000 |
|
At 31 July 2023 |
90,000 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
3,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
472 |
|
448 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other Loans |
90,000 |
|
90,000 |
|
One One Four Trading |
6,666 |
|
2,300 |
|
Other creditors |
1,128 |
|
2,100 |
|
|
|
|
|
|
97,794 |
|
94,400 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
One One Four Property Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
1 Victoria Road |
|
Kirkcaldy |
|
Fife |
|
KY1 1DT |