Fraser Bruce Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC314500 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Fraser Bruce Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A F Bruce

J R Bruce

E F Bruce

SECRETARY:

Mrs M E Bruce

REGISTERED OFFICE:

Millhall

Stirling

FK7 7LT

REGISTERED NUMBER:

SC314500 (Scotland)

ACCOUNTANTS:

James Gunn

Chartered Accountants

10 Duckburn Business Park

Dunblane

FK15 0EW

FIXED ASSETS

Investment property

4

276,457

276,457

CURRENT ASSETS

Cash at bank

10,442

12,637

CREDITORS

Amounts falling due within one year

5

267,482

267,315

NET CURRENT LIABILITIES

(257,040

)

(254,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,417

21,779

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

18,417

20,779

SHAREHOLDERS' FUNDS

19,417

21,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2021 and were signed on its behalf by:

A F Bruce - Director

1.	STATUTORY INFORMATION

Fraser Bruce Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain assets, and on the going concern basis. They are presented in sterling, which is the functional currency of the company.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires the directors to exercise their judgement in the application of the company's accounting policies. They do not consider that there are any matters arising in this regard that are so significant to the financial statements as to require separate disclosure.

The principal accounting policies applied in the preparation of these financial statements are set out below. They have been applied consistently to all years presented, unless otherwise stated.

Turnover

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognized when the company becomes entitled to it.

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.

No depreciation is provided in respect of investment properties.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2020

and 31 January 2021

276,457

NET BOOK VALUE

At 31 January 2021

276,457

At 31 January 2020

276,457

The investment property was acquired in 2007 and is valued in these accounts at the acquisition and subsequent costs paid, which the directors consider fairly represents its open market value at the reporting date.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/21

31/1/20

£

£

Taxation and social security

261

550

Other creditors

267,221

266,765

267,482

267,315