Company Registration No. SC179489 (Scotland)
Ashscott Properties Ltd.
Unaudited accounts
for the year ended 31 October 2021
Ashscott Properties Ltd.
Unaudited accounts
Contents
Ashscott Properties Ltd.
Company Information
for the year ended 31 October 2021
Company Number
SC179489 (Scotland)
Registered Office
28 Marina Road
Prestwick
Ayrshire
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Ashscott Properties Ltd.
Statement of financial position
as at 31 October 2021
Tangible assets
647,059
647,059
Cash at bank and in hand
79,553
88,675
Creditors: amounts falling due within one year
(112,283)
(179,314)
Net current liabilities
(32,730)
(89,894)
Total assets less current liabilities
614,329
557,165
Creditors: amounts falling due after more than one year
(260,868)
(215,003)
Net assets
353,461
342,162
Called up share capital
2
2
Profit and loss account
353,459
342,160
Shareholders' funds
353,461
342,162
For the year ending 31 October 2021 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 25 March 2022 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 2021
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 2020
647,059
At 31 October 2021
647,059
At 31 October 2021
647,059
At 31 October 2020
647,059
5
Debtors: amounts falling due within one year
2021
2020
Ashscott Properties Ltd.
Notes to the Accounts
for the year ended 31 October 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
65,300
Loans from directors
111,323
110,022
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
258,118
215,003
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
