COMPANY REGISTRATION NUMBER:
SC821159
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current Assets
|
Debtors |
5 |
772 |
|
Cash at bank and in hand |
1,910 |
|
------- |
|
2,682 |
|
------- |
|
Net Current Assets |
2,682 |
|
------- |
|
Total Assets Less Current Liabilities |
2,682 |
|
------- |
|
|
|
Capital and Reserves
|
Called up share capital |
5 |
|
Profit and loss account |
2,677 |
|
------- |
|
Shareholders Funds |
2,682 |
|
------- |
|
|
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 comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period 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
5 June 2025
, and are signed on behalf of the board by:
Company registration number:
SC821159
|
Notes to the Financial Statements |
|
Period Ended 31 March 2025
1.
General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O East Rigg House, Balerno, EH14 7JR, Scotland.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure Exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and Key Sources of Estimation Uncertainty
For the period ended 31 March 2025, the directors do not consider there to be any areas of material judgment or estimation uncertainty.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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. Debt instruments are subsequently measured at amortised cost.
4.
Employee Numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Debtors
|
2025 |
|
£ |
|
Amounts owed by group undertakings |
772 |
|
---- |
|
|
6.
Related Party Transactions
The company is wholly owned by its parent entity, East Rigg Estate Limited, which holds 100% of its share capital. At 31 March 2025, the company was owed a balance of £772 by this entity which is presented as an asset in the financial statements. There were no other transactions with related parties during the year.