IDER Property Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC543909 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

IDER Property Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L Reid

SECRETARY:

Mrs. B A Reid

REGISTERED OFFICE:

22 Great King Street

Edinburgh

EH3 6QH

REGISTERED NUMBER:

SC543909 (Scotland)

ACCOUNTANTS:

J S Accounting Services Limited

13-15 Morningside Drive

EDINBURGH

EH10 5LZ

SOLICITORS:

Anderson Strathern

1 Rutland Place

Edinburgh

EH3 8EY

FIXED ASSETS

Investments

4

501

501

CURRENT ASSETS

Debtors

5

485,502

690,390

Cash at bank

84

68

485,586

690,458

CREDITORS

Amounts falling due within one year

6

106,992

100,704

NET CURRENT ASSETS

378,594

589,754

TOTAL ASSETS LESS CURRENT LIABILITIES

379,095

590,255

CAPITAL AND RESERVES

Called up share capital

501

501

Retained earnings

378,594

589,754

SHAREHOLDERS' FUNDS

379,095

590,255

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

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

The director acknowledges his 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 24 March 2022 and were signed by:

L Reid - Director

1.	STATUTORY INFORMATION

IDER Property Holdings 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2020

and 30 June 2021

501

NET BOOK VALUE

At 30 June 2021

501

At 30 June 2020

501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Amounts owed by group undertakings

485,502

536,092

Other debtors

-

154,298

485,502

690,390

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Amounts owed to group undertakings

106,666

100,704

Taxation and social security

326

-

106,992

100,704

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 June there is a balance due by L Reid, director, to the company of £Nil (2020 - £154,298). This balance is unsecured, interest free and has no fixed repayment terms.

8.	RELATED PARTY DISCLOSURES

L Reid is a director of Grange Communications Limited. Included in amounts owed to group undertakings is a balance due to Grange Communications Limited of £Nil (2020: £2,430). This balance is unsecured, interest free and has no fixed repayment terms.

L Reid is a director of IDER Holdings Limited. Included in amounts owed by group undertakings is a balance due from IDER Holdings Limited of £485,502 (2020: £536,092). This balance is unsecured, interest free and has no fixed repayment terms. A dividend of Nil (2020: £154,000) was received from IDER Holdings Limited during the year.

L Reid is a director of Grange Communications Holdings Limited. Included in amounts owed to group undertakings is a balance due to Grange Communications Holdings Limited of £106,666 (2020: £98,274). This balance is unsecured, interest free and has no fixed repayment terms.