Company Registration No. SC364362 (Scotland)
Grange Estate Agents Limited
Unaudited accounts
for the year ended 31 August 2018
Grange Estate Agents Limited
Unaudited accounts
Contents
Grange Estate Agents Limited
Company Information
for the year ended 31 August 2018
Director
Paul Martin Waldron
Company Number
SC364362 (Scotland)
Registered Office
103 Rose Street North Lane
Edinburgh
EH2 3DX
Scotland
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Grange Estate Agents Limited
Statement of financial position
as at 31 August 2018
Tangible assets
1,628
1,976
Cash at bank and in hand
8,923
22,595
Creditors: amounts falling due within one year
(15,993)
(47,572)
Net current assets
10,200
31,894
Called up share capital
1
1
Profit and loss account
11,827
33,869
Shareholders' funds
11,828
33,870
For the year ending 31 August 2018 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 2 May 2019.
Paul Martin Waldron
Director
Company Registration No. SC364362
Grange Estate Agents Limited
Notes to the Accounts
for the year ended 31 August 2018
Grange Estate Agents Limited is a private company, limited by shares, registered in Scotland, registration number SC364362. The registered office is 103 Rose Street North Lane, Edinburgh, EH2 3DX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% straight line
4
Tangible fixed assets
Computer equipment
Grange Estate Agents Limited
Notes to the Accounts
for the year ended 31 August 2018
Other debtors
12,506
51,870
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
4,255
-
Trade creditors
4,284
4,284
Taxes and social security
2,948
8,554
Loans from directors
3,606
34,184
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).
