Company registration number SC161198 (Scotland)
Ledge 253 Limited
Unaudited financial statements
for the year ended 31 October 2024
Pages for filing with registrar
Ledge 253 Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Ledge 253 Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ledge 253 Limited for the year ended 31 October 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS 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.

This report is made solely to the board of directors of Ledge 253 Limited, as a body, in accordance with the terms of our engagement letter dated 15 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Ledge 253 Limited and state those matters that we have agreed to state to the board of directors of Ledge 253 Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ledge 253 Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Ledge 253 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ledge 253 Limited. You consider that Ledge 253 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ledge 253 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 High Street
Inverurie
AB51 3QA
25 July 2025
Ledge 253 Limited
Balance sheet
as at 31 October 2024
31 October 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
175,000
175,000
Current assets
Cash at bank and in hand
42
550
Creditors: amounts falling due within one year
(40,917)
(37,617)
Net current liabilities
(40,875)
(37,067)
Net assets
134,125
137,933
Capital and reserves
Called up share capital
5,010
5,010
Revaluation reserve
20,202
20,202
Profit and loss reserves
108,913
112,721
Total equity
134,125
137,933
Ledge 253 Limited
Balance sheet (continued)
as at 31 October 2024
31 October 2024
3

For the financial year ended 31 October 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2025 and are signed on its behalf by:
Bryan Campbell
Director
Company registration number SC161198 (Scotland)
Ledge 253 Limited
Notes to the financial statements
for the year ended 31 October 2024
4
1
Accounting policies
Company information

Ledge 253 Limited is a private company limited by shares incorporated in Scotland. The registered office is 67/69 Nelson Street, Aberdeen, AB24 5ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Investment property
2024
£
Fair value
At 1 November 2023 and 31 October 2024
175,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 October 2022 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

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