ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

DUNDEE LANDLORDS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2019-01-312019-01-31No description of principal activityfalse2018-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue SC554960 2018-02-01 2019-01-31 SC554960 2017-01-18 2018-01-31 SC554960 2019-01-31 SC554960 2018-01-31 SC554960 c:Director1 2018-02-01 2019-01-31 SC554960 c:Director2 2018-02-01 2019-01-31 SC554960 c:RegisteredOffice 2018-02-01 2019-01-31 SC554960 d:CurrentFinancialInstruments 2019-01-31 SC554960 d:CurrentFinancialInstruments 2018-01-31 SC554960 d:CurrentFinancialInstruments d:WithinOneYear 2019-01-31 SC554960 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 SC554960 d:RetainedEarningsAccumulatedLosses 2019-01-31 SC554960 d:RetainedEarningsAccumulatedLosses 2018-01-31 SC554960 c:FRS102 2018-02-01 2019-01-31 SC554960 c:AuditExempt-NoAccountantsReport 2018-02-01 2019-01-31 SC554960 c:FullAccounts 2018-02-01 2019-01-31 SC554960 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-02-01 2019-01-31 SC554960 c:CompanyLimitedByGuarantee 2018-02-01 2019-01-31 SC554960 2 2018-02-01 2019-01-31 iso4217:GBP xbrli:pure

Registered number: SC554960









DUNDEE LANDLORDS LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2019
 
DUNDEE LANDLORDS LIMITED
 
(A Company Limited by Guarantee)
 
 
COMPANY INFORMATION


Directors
Kenneth Glass 
Alexander Squires 




Registered number
SC554960



Registered office
11 Dudhope Terrace

Dundee

DD3 6TS




Accountants
Findlays
Chartered Accountants

11 Dudhope Terrace

Dundee

DD3 6TS




 
DUNDEE LANDLORDS LIMITED
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Balance Sheet
1
Notes to the Financial Statements
2 - 3

 
DUNDEE LANDLORDS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: SC554960

BALANCE SHEET
AS AT 31 JANUARY 2019

2019
2018
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
-
1,361

  
-
1,361

Creditors: amounts falling due within one year
 5 
(1,098)
(1,360)

Net current (liabilities)/assets
  
 
 
(1,098)
 
 
1

Total assets less current liabilities
  
(1,098)
1

  

Net (liabilities)/assets
  
(1,098)
1


Capital and reserves
  

Profit and loss account
  
(1,098)
1

  
(1,098)
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2019.




Alexander Squires
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
DUNDEE LANDLORDS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1.


General information

Dundee Landlords Limited is a private company limited by guarantee without share capital, incorporated in Scotland within the United Kingdom (company number SC554960). The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2
 
DUNDEE LANDLORDS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

2.Accounting policies (continued)

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2018 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2018 - 0).


4.


Cash and cash equivalents

2019
2018
£
£

Cash at bank and in hand
-
1,361

-
1,361



5.


Creditors: Amounts falling due within one year

2019
2018
£
£

Other creditors
-
1,360

Accruals and deferred income
1,098
-

1,098
1,360




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 3