Registered Number
(Scotland)
Unaudited Financial Statements for the Year Ended
31 March 2021
Directors |
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Registered Address |
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Registered Number |
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Notes |
2021 |
2020 |
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£ |
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£ |
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Fixed assets | ||||||||
Tangible assets | 5 |
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Investment property | 6 |
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Current assets | ||||||||
Debtors |
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Cash at bank and on hand |
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Creditors amounts falling due within one year | 9 | ( |
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Net current assets (liabilities) | ( |
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Total assets less current liabilities |
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Provisions for liabilities | 10 | ( |
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Net assets |
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Capital and reserves | ||||||||
Called up share capital |
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Other reserves |
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Profit and loss account |
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Shareholders' funds | 7 |
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The financial statements were approved and authorised for issue by the Director on 19 August 2021, and are signed on its behalf by: |
Director Registered Company No. SC095288 |
1. | STATUTORY INFORMATION |
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2. | COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK |
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3. | ACCOUNTING POLICIES |
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Property, plant and equipment policy | |
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Plant and machinery |
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Vehicles |
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Office Equipment |
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Investment property policy | |
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Deferred tax policy | |
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Going concern | |
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4. | EMPLOYEE INFORMATION |
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Average number of employees during the year |
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5. | PROPERTY, PLANT AND EQUIPMENT |
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Land & buildings |
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Plant & machinery |
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Vehicles |
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Office Equipment |
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Total |
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Cost or valuation | ||||||||||
At 01 April 20 |
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Additions |
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At 31 March 21 |
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Depreciation and impairment | ||||||||||
At 01 April 20 |
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Charge for year |
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At 31 March 21 |
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Net book value | ||||||||||
At 31 March 21 |
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At 31 March 20 |
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6. | INVESTMENT PROPERTY |
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Investment property is shown at its open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on the investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with FRSSE which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment property is held for its investment potential and not for use by the company and so its current value is of prime importance. The departure from the provisions of the Act is required to give a true and fair view |
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Fair value at 01 April 20 |
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At 31 March 21 |
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7. | FAIR VALUE RESERVE |
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The heritable property was revalued in August 2015 by Graham and Sibbald, Chartered Surveyors, at an open market value of £200,000. The historical cost of the property included above at a valuation of £200,000 was £101,763. Fair value at 31 March 2021 is represented by: Valuation in 2015 £200,000 |
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Fair value reserve at 01 April 20 |
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At 31 March 21 |
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8. | DEBTORS WITHIN ONE YEAR |
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2021 |
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2020 |
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Other debtors |
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Prepayments and accrued income |
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Total |
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9. | CREDITORS WITHIN ONE YEAR |
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2021 |
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2020 |
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Trade creditors / trade payables |
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Taxation and social security |
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Other creditors |
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Accrued liabilities and deferred income |
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Total |
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10. | PROVISIONS FOR LIABILITIES |
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2021 |
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2020 |
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Net deferred tax liability (asset) |
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Total |
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