Edinburgh and London Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC585372 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Edinburgh and London Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T C Adair-Brown

Mrs S Adair-Brown

C J Adair-Brown

JBV Brown

Mrs C K P Loudon

SECRETARY:

REGISTERED OFFICE:

Southgate House

20 Pentland Avenue

Edinburgh

EH13 0HZ

REGISTERED NUMBER:

SC585372 (Scotland)

FIXED ASSETS

Investments

4

201,345

91,780

Investment property

5

240,000

468,000

441,345

559,780

CURRENT ASSETS

Debtors

6

2,405

2,405

Cash at bank

194,235

30,638

196,640

33,043

CREDITORS

Amounts falling due within one year

7

(30,859

)

(17,429

)

NET CURRENT ASSETS

165,781

15,614

TOTAL ASSETS LESS CURRENT LIABILITIES

607,126

575,394

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Share premium

527,000

527,000

Retained earnings

69,126

37,394

SHAREHOLDERS' FUNDS

607,126

575,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2021 and were signed on its behalf by:

JBV Brown - Director

1.	STATUTORY INFORMATION

Edinburgh and London 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2020

91,780

Additions

109,565

At 31 January 2021

201,345

NET BOOK VALUE

At 31 January 2021

201,345

At 31 January 2020

91,780

Cost or valuation at 31 January 2021 is represented by:

Other

investments

£

Valuation in 2020

1,780

Valuation in 0

(8,135

)

Cost

207,700

201,345

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2020

468,000

Disposals

(228,000

)

At 31 January 2021

240,000

NET BOOK VALUE

At 31 January 2021

240,000

At 31 January 2020

468,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Other debtors

2,405

2,405

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade creditors

1

-

Taxation and social security

20,324

3,529

Other creditors

10,534

13,900

30,859

17,429