ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

BAIL'UR OSTAIG - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-07-312021-07-3102020-08-01falseNo description of principal activity0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC163935 2020-08-01 2021-07-31 SC163935 2021-07-31 SC163935 2019-08-01 2020-07-31 SC163935 2020-07-31 SC163935 c:Director1 2020-08-01 2021-07-31 SC163935 d:CurrentFinancialInstruments 2021-07-31 SC163935 d:CurrentFinancialInstruments 2020-07-31 SC163935 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 SC163935 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 SC163935 d:RetainedEarningsAccumulatedLosses 2021-07-31 SC163935 d:RetainedEarningsAccumulatedLosses 2020-07-31 SC163935 c:FRS102 2020-08-01 2021-07-31 SC163935 c:AuditExempt-NoAccountantsReport 2020-08-01 2021-07-31 SC163935 c:FullAccounts 2020-08-01 2021-07-31 SC163935 c:CompanyLimitedByGuarantee 2020-08-01 2021-07-31 iso4217:GBP xbrli:pure

Company Registration Number SC163935























BAIL'UR OSTAIG





UNAUDITED
FINANCIAL STATEMENTS





 31 JULY 2021







(A Company Limited by Guarantee)
















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BAIL'UR OSTAIG
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: SC163935

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2021

2021
2020
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
6
111

  
6
111

Creditors: amounts falling due within one year
  
(1,140)
-

Net current (liabilities)/assets
  
 
 
(1,134)
 
 
111

Total assets less current liabilities
  
(1,134)
111

  

Net (liabilities)/assets
  
(1,134)
111


Capital and reserves
  

Profit and loss account
  
(1,134)
111

  
(1,134)
111


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Donald Munro
Director

Date: 17 December 2021

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
BAIL'UR OSTAIG

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021

1.


General information

Bail’Ur Ostaig is a company limited by guarantee incorporated in Scotland. The company trades from its registered office at Teangue, Sleat, Isle of Skye, IV44 8RQ.
The financial statements are presented in Pounds Sterling, rounded to the nearest Pound, as this is the currency of the primary economic environment in which the company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2020 - 0).


4.


Creditors: Amounts falling due within one year

2021
2020
£
£

Accruals and deferred income
1,140
-

1,140
-


Page 2
 
BAIL'UR OSTAIG

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021


5.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 3