Registration number:
Tayview Property Ltd
for the Year Ended 31 October 2024
Tayview Property Ltd
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Tayview Property Ltd
(Registration number: SC746735)
Statement of Financial Position as at 31 October 2024
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Note |
2024 |
2023 |
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Current assets |
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Stocks |
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- |
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Debtors |
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- |
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Cash at bank and in hand |
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- |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net liabilities |
( |
- |
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Capital and reserves |
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Called up share capital |
2 |
- |
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Retained earnings |
(5,726) |
- |
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Shareholders' deficit |
(5,724) |
- |
For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Tayview Property Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
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General information |
The Company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
Scotland
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in sterling which is the functional currency of the entity.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Tayview Property Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Financial instruments
Classification
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Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
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Stocks |
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2024 |
2023 |
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Work in progress |
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- |
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Debtors |
Tayview Property Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
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Current |
2024 |
2023 |
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Other debtors |
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- |
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- |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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- |
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Accruals and deferred income |
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- |
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Other creditors |
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- |
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- |
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Loans and borrowings |
Current loans and borrowings
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2024 |
2023 |
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Other borrowings |
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- |