Company Registration No. SC179489 (Scotland)
Ashscott Properties Ltd
Unaudited accounts
for the year ended 31 October 2019
Ashscott Properties Ltd
Unaudited accounts
Contents
Ashscott Properties Ltd
Company Information
for the year ended 31 October 2019
Company Number
SC179489 (Scotland)
Registered Office
28 Marina Road
Prestwick
Ayrshire
Accountants
McKinnon & Co Ltd ACPA
34 Newmarket Street
Ayr
Ayrshire
KA7 1LP
Ashscott Properties Ltd
Statement of financial position
as at 31 October 2019
Tangible assets
760,705
865,705
Cash at bank and in hand
18,435
24,135
Creditors: amounts falling due within one year
(267,956)
(362,322)
Net current liabilities
(205,144)
(288,187)
Total assets less current liabilities
555,561
577,518
Creditors: amounts falling due after more than one year
(211,667)
(229,971)
Net assets
343,894
347,547
Called up share capital
2
2
Profit and loss account
343,892
347,545
Shareholders' funds
343,894
347,547
For the year ending 31 October 2019 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 her 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.
The financial statements were approved by the Board and authorised for issue on 8 July 2020 and were signed on its behalf by
Ashley Scott
Director
Company Registration No. SC179489
Ashscott Properties Ltd
Notes to the Accounts
for the year ended 31 October 2019
Ashscott Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC179489. The registered office is 28 Marina Road, Prestwick, Ayrshire.
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.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
At 1 November 2018
865,705
At 31 October 2019
760,705
At 31 October 2019
760,705
At 31 October 2018
865,705
Other debtors
44,377
50,000
Ashscott Properties Ltd
Notes to the Accounts
for the year ended 31 October 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
65,300
65,300
Other creditors
2,750
2,750
Loans from directors
199,047
292,386
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
211,667
229,971
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).
