COMPANY REGISTRATION NUMBER:
SC820136
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Filleted Unaudited Abridged Financial Statements |
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Abridged Financial Statements |
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Period from 21 August 2024 to 31 August 2025
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Abridged statement of financial position |
1 |
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Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position (continued) |
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31 August 2025
Capital and reserves
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Called up share capital |
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100 |
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Profit and loss account |
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(
252) |
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|
---- |
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Shareholders deficit |
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(
152) |
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|
---- |
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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.
For the period ending 31 August 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 abridged 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 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 period ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
26 May 2026
, and are signed on behalf of the board by:
Company registration number:
SC820136
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Notes to the Abridged Financial Statements |
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Period from 21 August 2024 to 31 August 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gateside Farm, Kilncadzow, Carluke, ML8 4QN, Scotland.
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.
Going concern
There are no material uncertainties about the company's ability to continue. The director has taken steps to ensure there are sufficient funds to meet the company's working capital requirement for the foreseeable future, and still consider the going concern approach to be appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for annual rentals, stated net of discounts.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. No depreciation is charged on investment property.
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.
Employee numbers
The average number of persons employed by the company during the year amounted to nil.
5.
Tangible assets
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£ |
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Cost |
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At 21 August 2024 |
– |
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Additions |
124,385 |
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--------- |
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At 31 August 2025 |
124,385 |
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--------- |
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Depreciation |
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At 21 August 2024 and 31 August 2025 |
– |
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--------- |
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Carrying amount |
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At 31 August 2025 |
124,385 |
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--------- |
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In the opinion of the directors, the carrying value of the investment properties reflected in these accounts is in line with the current market value of those properties.
6.
Director's advances, credits and guarantees
The directors' loan account was not in debit at any time during the period.
7.
Related party transactions
During the year, a property included within investment property assets was acquired that was funded by a director and two shareholders of the company. The director’s contribution has been recognised within the Director’s Loan Account, while the shareholders’ contributions have been recognised within long-term creditors. The balances are unsecured and interest free with no fixed repayment terms. At the reporting date, amounts outstanding in respect of these advances totalled £32,631 within the Director’s Loan Account and £87,160 within long-term creditors.