Forty Eight Shelf (279) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC544102 (Scotland)

Financial Statements

for the Year Ended 31 December 2019

for

FORTY EIGHT SHELF (279) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

D Collins

Registered office:

Room 118

St James Business Centre

Paisley

PA3 3AT

Registered number:

SC544102 (Scotland)

Auditors:

Haines Watts Manchester Limited, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Investments

5

2,350,448

2,350,448

Total assets less current liabilities

2,350,448

2,350,448

Capital and reserves

Called up share capital

6

459,750

459,750

Share premium

1,890,698

1,890,698

Shareholders' funds

2,350,448

2,350,448

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2020 and were signed by:

D Collins - Director

1.	Statutory information

Forty Eight Shelf (279) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2019

and 31 December 2019

2,350,448

Net book value

At 31 December 2019

2,350,448

At 31 December 2018

2,350,448

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

459,750

Ordinary

£1

459,750

459,750

7.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David M Fort FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Manchester Limited, Statutory Auditor