George Cheyne (Cycles) Limited
George Cheyne (Cycles) Limited
Registered number: SC025752
Unaudited Financial Statements
For The Year Ended
31 March 2022
George Cheyne (Cycles) Limited
Unaudited Financial Statements
For The Year Ended
31 March 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
George Cheyne (Cycles) Limited
Balance Sheet
As at
31 March 2022
Balance Sheet
Registered number:
SC025752
For the year ending 31 March 2022 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.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Investments | 4 |
|
|
||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 22,925 | 22,925 | |||
Page 1
Page 2
George Cheyne (Cycles) Limited
Balance Sheet (continued)
As at
31 March 2022
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.
Page 2
Page 3
George Cheyne (Cycles) Limited
Notes to the Financial Statements
For The Year Ended
31 March 2022
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.
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 |
|
| Fixtures & Fittings |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
3.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Freehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| As at
|
|
|
|
| As at
|
|
|
|
| Depreciation | |||
| As at
|
|
|
|
| As at
|
|
|
|
| Net Book Value | |||
| As at
|
|
|
|
| As at
|
|
|
|
4.
Current Asset Investments
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Unlisted investments | 10,000 | 10,000 | |
|
|
|
||
5.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Director's loan account |
|
|
|
|
|
|
||
6.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
|
|
|
Page 3
Page 4
George Cheyne (Cycles) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2022
7.
Related Party Transactions
The director Lorna Hillhouse has loaned the company £884 (2018 £884).
8.
Ultimate Controlling Party
The company is wholly owned by Uppercrust Associates Ltd which is wholly owned by the director L. Hillhouse.
9.
General Information
George Cheyne (Cycles) Limited
is a private company, limited by shares, incorporated in Scotland, registered number
SC025752
. The registered office is Crofthead Farm Ryelands, Strathaven, ML10 6QF.
Page 4