0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC472981 2024-05-01 2025-04-30 SC472981 2025-04-30 SC472981 2024-04-30 SC472981 2023-05-01 2024-04-30 SC472981 2024-04-30 SC472981 2023-04-30 SC472981 bus:Director1 2024-05-01 2025-04-30 SC472981 core:WithinOneYear 2024-04-30 SC472981 core:AfterOneYear 2025-04-30 SC472981 core:ShareCapital 2025-04-30 SC472981 core:ShareCapital 2024-04-30 SC472981 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC472981 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC472981 bus:SmallEntities 2024-05-01 2025-04-30 SC472981 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC472981 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC472981 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC472981 bus:FullAccounts 2024-05-01 2025-04-30
COMPANY REGISTRATION NUMBER: SC472981
Invertay Developments Ltd
Filleted Unaudited Financial Statements
30 April 2025
Invertay Developments Ltd
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
Current Assets
Debtors
4
88,265
Cash at bank and in hand
175
69,079
----
---------
175
157,344
Creditors: amounts falling due within one year
5
43,301
----
---------
Net Current Assets
175
114,043
----
---------
Total Assets Less Current Liabilities
175
114,043
Creditors: amounts falling due after more than one year
6
16,232
--------
---------
Net (Liabilities)/Assets
( 16,057)
114,043
--------
---------
Capital and Reserves
Called up share capital
4
4
Profit and loss account
( 16,061)
114,039
--------
---------
Shareholders (Deficit)/Funds
( 16,057)
114,043
--------
---------
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 30 April 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 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 .
Invertay Developments Ltd
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr Garry Lees
Director
Company registration number: SC472981
Invertay Developments Ltd
Notes to the Financial Statements
Year Ended 30 April 2025
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Office 8, River Court, 5 West Victoria Dock Road, Dundee, DD1 3JT.
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.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
4. Debtors
2025
2024
£
£
Other debtors
88,265
----
--------
5. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
231
Other creditors
43,070
----
--------
43,301
----
--------
6. Creditors: amounts falling due after more than one year
2025
2024
£
£
Corporation tax
16,232
--------
----