Upland Developments Limited 30/04/2020 iXBRL
Upland Developments Limited 30/04/2020 iXBRL
Company registration number:
SC055492
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Metropolitan House | ||
31-33 High Street | ||
Inverness | ||
IV1 1HT | ||
Bankers |
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Bootle | ||
Merseyside | ||
L30 4GB | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Upland Developments Limited
Year ended 30 April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Upland Developments Limited for the year ended 30 April 2020 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Upland Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Upland Developments Limited and state those matters that we have agreed to state to the board of directors of Upland Developments Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Upland Developments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Upland Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Upland Developments Limited. You consider that Upland Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Upland Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Metropolitan House
31-33 High Street
Inverness
IV1 1HT
22 March 2021
Statement of financial position
30 April 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 March 2021
, and are signed on behalf of the board by:
Director
Company registration number:
SC055492
Statement of changes in equity
Year ended 30 April 2020
Called up share capital | Capital redemption reserve | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 1 May 2018 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 30 April 2019 and 1 May 2019 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 30 April 2020 |
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Notes to the financial statements
Year ended 30 April 2020
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is First Floor, 111 Grampian Road, Aviemore, PH22 1RH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Other tangible assets | - |
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Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Stocks
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to 0 (2019: 0).
5.
Tangible assets
Motor vehicles | Total | ||
£ | £ | ||
Cost | |||
At 1 May 2019 |
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Disposals |
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At 30 April 2020 |
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Depreciation | |||
At 1 May 2019 |
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Charge for the year |
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Disposals |
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At 30 April 2020 |
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Carrying amount | |||
At 30 April 2020 |
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At 30 April 2019 |
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6.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 May 2019 and 30 April 2020 |
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Impairment | |||
At 1 May 2019 and 30 April 2020 | - | - | |
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Carrying amount | |||
At 30 April 2020 |
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At 30 April 2019 |
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7.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2020 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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10.
Controlling party