Abertay Holdings Ltd
Abertay Holdings Ltd
Registered number: SC677955
Unaudited Financial Statements
For the Period
19 October 2020
to
31 October 2021
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Abertay Holdings Ltd
Unaudited Financial Statements
For the Period
19 October 2020
to
31 October 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Abertay Holdings Ltd
Balance Sheet
As at
31 October 2021
Balance Sheet
Registered number:
SC677955
For the period 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 member has 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.
| 31 October 2021 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
|
|
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 4 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
|
| NET ASSETS |
|
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
|
|
| Revaluation reserve | 7 |
|
|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | 168,774 | ||
Abertay Holdings Ltd
Balance Sheet (continued)
As at
31 October 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Abertay Holdings Ltd
Notes to the Financial Statements
For the Period
19 October 2020
to
31 October 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
3.
Tangible Assets
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
Abertay Holdings Ltd
Notes to the Financial Statements (continued)
For the Period
19 October 2020
to
31 October 2021
4.
Creditors: Amounts Falling Due Within One Year
| 31 October 2021 | |
|---|---|
| £ | |
| Other creditors (2) |
|
| Director's loan account |
|
|
|
|
5.
Creditors: Amounts Falling Due After More Than One Year
| 31 October 2021 | |
|---|---|
| £ | |
| Bank loans |
|
|
|
|
7.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| Surplus on revaluation |
|
| As at
|
|
8.
General Information
Abertay Holdings Ltd
is a private company, limited by shares, incorporated in Scotland, registered number
SC677955
. The registered office is 64c Union Street, Broughty Ferry, Dundee, DD5 2AU.