Archie Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC474472 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Archie Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Fulton

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

G84 8BP

REGISTERED NUMBER:

SC474472 (Scotland)

FIXED ASSETS

Tangible assets

4

281

374

Investment property

5

817,380

431,100

817,661

431,474

CURRENT ASSETS

Debtors

6

-

1,785

Cash at bank

1,722

8,428

1,722

10,213

CREDITORS

Amounts falling due within one year

7

594,757

356,011

NET CURRENT LIABILITIES

(593,035

)

(345,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

224,626

85,676

CREDITORS

Amounts falling due after more than one year

8

109,511

-

NET ASSETS

115,115

85,676

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

115,012

85,573

SHAREHOLDERS' FUNDS

115,115

85,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 10 January 2022 and were signed by:

Mrs M Fulton - Director

1.	STATUTORY INFORMATION

Archie Investments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

and 30 April 2021

2,026

DEPRECIATION

At 1 May 2020

1,652

Charge for year

93

At 30 April 2021

1,745

NET BOOK VALUE

At 30 April 2021

281

At 30 April 2020

374

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2020

431,100

Additions

386,280

At 30 April 2021

817,380

NET BOOK VALUE

At 30 April 2021

817,380

At 30 April 2020

431,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Other debtors

-

1,785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Taxation and social security

7,100

9,673

Other creditors

587,657

346,338

594,757

356,011

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Other creditors

109,511

-

9.	CONTINGENT LIABILITIES

As at 30 April 2021, the company had no contingent liabilities. (2020-nil)

10.	CAPITAL COMMITMENTS

As at 30 April 2021, the company had no capital commitments. (2020-nil)

11.	RELATED PARTY DISCLOSURES