Springfield Properties (Scotland) Limited 31/12/2021 iXBRL
Springfield Properties (Scotland) Limited 31/12/2021 iXBRL
Company registration number:
SC029583
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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16-18 Weir Street | ||
Falkirk | ||
FK1 1RA | ||
Report to the director on the preparation of the
unaudited statutory financial statements of Springfield Properties (Scotland) Limited
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Springfield Properties (Scotland) Limited for the year ended 31 December 2021 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 director of Springfield Properties (Scotland) 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 Springfield Properties (Scotland) Limited and state those matters that we have agreed to state to them, 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 Springfield Properties (Scotland) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Springfield Properties (Scotland) 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 Springfield Properties (Scotland) Limited. You consider that Springfield Properties (Scotland) 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 Springfield Properties (Scotland) 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.
Accountants & Tax Advisers
16-18 Weir Street
Falkirk
FK1 1RA
8 June 2022
Statement of financial position
31 December 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
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 liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Special reserve |
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Fair value reserve |
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Profit and loss account |
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Shareholders funds |
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Director's 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 director acknowledges 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
31 May 2022
, and are signed on behalf of the board by:
Director
Company registration number:
SC029583
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Braefoot Terrace, Edinburgh, EH16 6AA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Revenue recognition
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:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Fixed asset investments
Investment properties are measured at fair value with changes in fair value being recognised in profit and loss. Other investments are measured at fair value with changes in fair value being recognised in profit and loss.
Impairment
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2020:
4
).
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 January 2021 and 31 December 2021 |
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Depreciation | |||||
At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount | |||||
At 31 December 2021 |
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At 31 December 2020 |
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6.
Investments
Shares in associated companies | Investment properties | Investments | Total | ||
£ | £ | £ | £ | ||
Cost or valuation | |||||
At 1 January 2021 |
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Revaluations | - |
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At 31 December 2021 |
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Impairment | |||||
At 1 January 2021 and 31 December 2021 | - | - | - | - | |
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Carrying amount | |||||
At 31 December 2021 |
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At 31 December 2020 |
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7.
Debtors
2021 | 2020 | |||
£ | £ | |||
Amounts owed by associated company |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Bank loans |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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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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_______ | _______ | |||
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In respect of the bank loans, Bank of Scotland PLC has Standard Securities over various properties. The registration of these charges are detailed at Companies House.
9.
Creditors: amounts falling due after more than one year
2021 | 2020 | |||
£ | £ | |||
Bank loans |
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In respect of the bank loans, Bank of Scotland PLC has Standard Securities over various properties. The registration of these charges are detailed at Companies House.
10.
Controlling party
The company is controlled by the Trustees of the
C W Robertson
Trust through their control of Callson Limited, the ultimate parent undertaking.