WHITECRAIG DEVELOPMENTS LIMITED Filleted accounts for Companies House (small and micro)

WHITECRAIG DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 846666

WHITECRAIG DEVELOPMENTS LIMITED

Filleted Unaudited Financial Statements

31 March 2021

WHITECRAIG DEVELOPMENTS LIMITED

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Fixed assets

Investments	4		20	20

Creditors: amounts falling due within one year	5	1,618		1,275
		-------		-------
Net current liabilities			1,618	1,275
			-------	-------
Total assets less current liabilities			( 1,598)	( 1,255)
			-------	-------
Net liabilities			( 1,598)	( 1,255)
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,698)	( 1,355)
	-------	-------
Shareholders deficit	( 1,598)	( 1,255)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 November 2021 , and are signed on behalf of the board by:

Mr S J Saady
Director

Company registration number: 846666

WHITECRAIG DEVELOPMENTS LIMITED

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .

4. Investments

	Other investments other than loans
	£
Cost
At 1 April 2020 and 31 March 2021	20
	----
Impairment
At 1 April 2020 and 31 March 2021	–
	----

Carrying amount
At 31 March 2021	20
	----
At 31 March 2020	20
	----

The company has a 20% holding in the ordinary shares of 22 Avenue Road Management Company Limited, a residential property management company incorporated in Great Britain and registered in England.

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	898	555
Other creditors	720	720
	-------	-------
	1,618	1,275
	-------	-------