COMPANY REGISTRATION NUMBER:
SC799971
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
Current assets
|
Cash at bank and in hand |
8,600 |
|
|
|
Creditors: amounts falling due within one year |
5 |
4,633 |
|
------- |
|
Net current assets |
3,967 |
|
-------- |
|
Total assets less current liabilities |
76,824 |
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
72,600 |
|
-------- |
|
Net assets |
4,224 |
|
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
2 |
|
Profit and loss account |
4,222 |
|
------- |
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Shareholders funds |
4,224 |
|
------- |
|
|
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
17 October 2025
, and are signed on behalf of the board by:
|
Mr I A Craigmile |
|
|
Director |
|
|
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Company registration number:
SC799971
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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 3 Milton Steadings, Kemnay, Inverurie, AB51 5LJ.
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.
Revenue recognition
Turnover represents rental income, measured at the fair value of the consideration received or receivable.
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.
Tangible assets
Tangible assets are investment properties and are recorded at cost.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
– |
|
Additions |
72,857 |
|
-------- |
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At 31 March 2025 |
72,857 |
|
-------- |
|
Depreciation |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
-------- |
|
Carrying amount |
|
|
At 31 March 2025 |
72,857 |
|
-------- |
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
|
£ |
|
Corporation tax |
991 |
|
Other creditors |
3,642 |
|
------- |
|
4,633 |
|
------- |
|
|
6.
Creditors:
amounts falling due after more than one year
|
2025 |
|
£ |
|
Loans from associated companies |
72,600 |
|
-------- |
|
|
7.
Related party transactions
A loan of £75,000 was advanced to the company on 12 September 2024 from Craigmile Joinery Services Ltd, a company under common control. Interest is payable on this loan at 5.75% pa and the capital outstanding as at 31 March 2025 amounted to £72,600.