Company Registration No. SC467041 (Scotland)
Rochester Apartments (Scotland) Limited
Unaudited accounts
for the year ended 31 December 2024
Rochester Apartments (Scotland) Limited
Unaudited accounts
Contents
Rochester Apartments (Scotland) Limited
Company Information
for the year ended 31 December 2024
Directors
Alexander Gary Smeaton
Maria P Smeaton
Company Number
SC467041 (Scotland)
Registered Office
5 Buckstone Terrace
Edinburgh
EH10 6QA
Scotland
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Rochester Apartments (Scotland) Limited
for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rochester Apartments (Scotland) Limited for the year ended
31 December 2024 as set out on pages
5 -
8 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 https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Bridge of Allan Enterprise Ltd
Chartered Accountants
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
21 March 2025
Rochester Apartments (Scotland) Limited
Statement of financial position
as at 31 December 2024
Investment property
1,259,356
1,422,256
Cash at bank and in hand
-
6,790
Creditors: amounts falling due within one year
(677,434)
(792,172)
Net current liabilities
(636,662)
(775,082)
Total assets less current liabilities
623,556
648,902
Provisions for liabilities
Deferred tax
(6,842)
(8,902)
Net assets
616,714
640,000
Called up share capital
100
100
Revaluation reserve
313
313
Profit and loss account
616,301
639,587
Shareholders' funds
616,714
640,000
For the year ending 31 December 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 14 March 2025 and were signed on its behalf by
Maria P Smeaton
Director
Company Registration No. SC467041
Rochester Apartments (Scotland) Limited
Notes to the Accounts
for the year ended 31 December 2024
Rochester Apartments (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC467041. The registered office is 5 Buckstone Terrace , Edinburgh , EH10 6QA, 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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
At 31 December 2024 the company had net current liabilities of £636662 (2023 - £775082) and relies on the continued support of the directors to finance its day-to-day working requirements. The directors consider it appropriate to prepare the financial statements on the going concern basis.
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.
The accounts are presented in £ sterling.
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:
Land & buildings
25% per annum on cost
Fixtures & fittings
25% per annum on cost
Computer equipment
25% per annum on cost
Rochester Apartments (Scotland) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
4,390
15,672
4,766
24,828
At 31 December 2024
4,390
15,672
4,766
24,828
At 1 January 2024
4,390
15,672
3,038
23,100
Charge for the year
-
-
866
866
At 31 December 2024
4,390
15,672
3,904
23,966
At 31 December 2024
-
-
862
862
At 31 December 2023
-
-
1,728
1,728
Fair value at 1 January 2024
1,422,256
At 31 December 2024
1,259,356
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Amounts falling due within one year
Trade debtors
19,200
10,000
Accrued income and prepayments
20,816
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,764
-
Taxes and social security
18,325
22,067
Other creditors
71,254
41,551
Loans from directors
336,423
484,004
Rochester Apartments (Scotland) Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
51 Ordinary A Shares of £1 each
51
51
49 Ordinary B Shares of £1 each
49
49
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).