Company Registration No. SC287381 (Scotland)
Ali & Sons Properties Limited
Unaudited accounts
for the year ended 30 June 2021
Ali & Sons Properties Limited
Unaudited accounts
Contents
Ali & Sons Properties Limited
Company Information
for the year ended 30 June 2021
Director
Mohamed Monwar Ali
Company Number
SC287381 (Scotland)
Registered Office
38 High Street
Lossiemouth
IV31 6AA
Accountants
A2Z Accounting Solutions Limited
Chartered Certified Accountants
26 Grandholm Grove
Aberdeen
AB22 8AX
Ali & Sons Properties Limited
Statement of financial position
as at 30 June 2021
Investment property
580,000
580,000
Creditors: amounts falling due within one year
(28,124)
(32,305)
Net current assets
247,378
231,831
Total assets less current liabilities
827,483
811,958
Creditors: amounts falling due after more than one year
(459,783)
(436,735)
Net assets
367,700
375,223
Called up share capital
1,000
1,000
Revaluation reserve
219,811
219,811
Profit and loss account
146,889
154,412
Shareholders' funds
367,700
375,223
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2022 and were signed on its behalf by
Mohamed Monwar Ali
Director
Company Registration No. SC287381
Ali & Sons Properties Limited
Notes to the Accounts
for the year ended 30 June 2021
Ali & Sons Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC287381. The registered office is 38 High Street, Lossiemouth, IV31 6AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement.
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2020
580,000
Ali & Sons Properties Limited
Notes to the Accounts
for the year ended 30 June 2021
6
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
275,502
264,136
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
22,144
26,001
Taxes and social security
5,980
5,804
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
394,104
371,056
Loans from directors
64,959
64,959
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
