COMPANY REGISTRATION NUMBER:
SC232407
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
30 June 2025
Fixed assets
|
Tangible assets |
5 |
|
100,000 |
100,000 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
2 |
|
2 |
|
---- |
|
---- |
|
Net current assets |
|
2 |
2 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
100,002 |
100,002 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
100,000 |
100,000 |
|
|
--------- |
--------- |
|
Net assets |
|
2 |
2 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
|
---- |
---- |
|
Shareholders funds |
|
2 |
2 |
|
|
---- |
---- |
|
|
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Abridged Statement of Financial Position (continued) |
|
30 June 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
5 September 2025
, and are signed on behalf of the board by:
Company registration number:
SC232407
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Notes to the Abridged Financial Statements |
|
Year ended 30 June 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Brackenhirst Farm, Condorrat Road, Glenmavis, Airdrie, ML6 0PP.
2.
Statement of compliance
These abridged 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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these abridged financial statements. There have been no movements in shareholders funds during the current year or prior year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date.
If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Average number of employees
The average number of employees during the year was NIL (2023: NIL).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 July 2024 and 30 June 2025 |
100,000 |
|
--------- |
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Depreciation |
|
|
At 1 July 2024 and 30 June 2025 |
– |
|
--------- |
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Carrying amount |
|
|
At 30 June 2025 |
100,000 |
|
--------- |
|
At 30 June 2024 |
100,000 |
|
--------- |
|
|
6.
Charges on assets
The Bank of Scotland hold a Bond and Floating Charge over the whole assets of the company.