Keogh & Savage (Investments) Limited

Keogh & Savage (Investments) Limited

KEOGH & SAVAGE (INVESTMENTS) LIMITED - Company Information

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1 February 2019 false No description of principal activity Taxfiler 2020.12 SC042634business:PrivateLimitedCompanyLtd2019-02-012020-01-31 SC0426342019-01-31 SC0426342019-02-012020-01-31 SC042634business:AuditExempt-NoAccountantsReport2019-02-012020-01-31 SC042634business:FullAccounts2019-02-012020-01-31 SC0426342020-01-31 SC042634business:Director12019-02-012020-01-31 SC042634business:Director22019-02-012020-01-31 SC042634business:RegisteredOffice2019-02-012020-01-31 SC0426342019-01-31 SC042634core:WithinOneYear2020-01-31 SC042634core:WithinOneYear2019-01-31 SC042634core:ShareCapital2020-01-31 SC042634core:ShareCapital2019-01-31 SC042634core:RetainedEarningsAccumulatedLosses2020-01-31 SC042634core:RetainedEarningsAccumulatedLosses2019-01-31 SC042634business:SmallEntities2019-02-012020-01-31 SC042634countries:Scotland2019-02-012020-01-31 SC042634core:FurnitureFittings2019-02-012020-01-31 SC042634core:FurnitureFittings2019-01-31 SC042634core:FurnitureFittings2020-01-31 SC0426342018-02-012019-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC042634 (Scotland)
Keogh & Savage (Investments) Limited Financial Statements for the year ended 31 January 2020
Keogh & Savage (Investments) Limited Financial Statements Contents
Page
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Keogh & Savage (Investments) Limited Company Information for the year ended 31 January 2020
Directors
Ms Flora Keogh Ms Ursula Westlake
Company Number
SC042634 (Scotland)
Registered Office
110A Maxwell Avenue Bearsden Glasgow G61 1HU
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Keogh & Savage (Investments) Limited Statement of financial position as at 31 January 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
606 
806 
Investment property
5
1,397,498 
1,347,000 
1,398,104 
1,347,806 
Current assets
Debtors
6
22,300 
22,300 
Cash at bank and in hand
26,562 
88,824 
48,862 
111,124 
Creditors: amounts falling due within one year
7
(465,457)
(445,737)
Net current liabilities
(416,595)
(334,613)
Total assets less current liabilities
981,509 
1,013,193 
Provisions for liabilities
Deferred tax
(75,767)
(75,767)
Net assets
905,742 
937,426 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
905,642 
937,326 
Shareholders' funds
905,742 
937,426 
For the year ending 31 January 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 7 October 2020 and were signed on its behalf by
Ms Flora Keogh Director Company Registration No. SC042634
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Keogh & Savage (Investments) Limited Notes to the Accounts for the year ended 31 January 2020
1
Statutory information
Keogh & Savage (Investments) Limited is a private company, limited by shares, registered in Scotland, registration number SC042634. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% reducing balance
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Keogh & Savage (Investments) Limited Notes to the Accounts for the year ended 31 January 2020
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2019
55,953 
At 31 January 2020
55,953 
Depreciation
At 1 February 2019
55,147 
Charge for the year
200 
At 31 January 2020
55,347 
Net book value
At 31 January 2020
606 
At 31 January 2019
806 
5
Investment property
2020 
£ 
Fair value at 1 February 2019
1,347,000 
Additions
77,998 
Disposals
(27,500)
At 31 January 2020
1,397,498 
Investment properties were revalued by Allied Scotland, Chartered Surveyors, in 2017
6
Debtors
2020 
2019 
£ 
£ 
Other debtors
22,300 
22,300 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
1,852 
5,239 
Other creditors
462,805 
439,698 
Accruals
800 
800 
465,457 
445,737 
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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