STRATHEDIN PROPERTIES LIMITED

STRATHEDIN PROPERTIES LIMITED

STRATHEDIN PROPERTIES LIMITED - Company Information

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STRATHEDIN PROPERTIES LIMITED

Company Registration Number:
SC081567 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

STRATHEDIN PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

STRATHEDIN PROPERTIES LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 86,995 39,693
Investments: 4 6,835,235 4,424,455
Total fixed assets: 6,922,230 4,464,148
Current assets
Stocks: 3,391,476 3,262,839
Debtors:   13,954 12,036
Cash at bank and in hand: 134,928 94,110
Total current assets: 3,540,358 3,368,985
Creditors: amounts falling due within one year:   (519,901) (2,714,918)
Net current assets (liabilities): 3,020,457 654,067
Total assets less current liabilities: 9,942,687 5,118,215
Creditors: amounts falling due after more than one year:   (6,742,168) (2,353,968)
Provision for liabilities: (420,460) (345,414)
Total net assets (liabilities): 2,780,059 2,418,833
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,779,959 2,418,733
Shareholders funds: 2,780,059 2,418,833

The notes form part of these financial statements

STRATHEDIN PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2019
and signed on behalf of the board by:

Name: Dr H Reza
Status: Director

The notes form part of these financial statements

STRATHEDIN PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STRATHEDIN PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 22 8

STRATHEDIN PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible Assets

Total
Cost £
At 01 April 2018 158,233
Additions 55,240
At 31 March 2019 213,473
Depreciation
At 01 April 2018 118,540
Charge for year 7,938
At 31 March 2019 126,478
Net book value
At 31 March 2019 86,995
At 31 March 2018 39,693

STRATHEDIN PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Fixed investments

Fixed Assets includes Investment Property.Investment property comprises six investment properties . The fair value of three of the investment properties £6,835,000.

STRATHEDIN PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Changes in presentation and prior period adjustments

Prior year adjustment was made to the opening balance of Investment property to correct the accounting treatment to make it in line with the stated accounting policies. This resulted in an adjustment to the brought forward fair value of investment properties and the profit and loss reserve. A deferred tax liability has also been recognised in relation to the fair value adjustment.