Lunderston Bay Limited Filleted accounts for Companies House (small and micro)
Lunderston Bay Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC187370
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
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Investments |
6 |
|
|
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------------ |
------------ |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
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--------- |
--------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Net assets |
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------------ |
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Capital and reserves
Called up share capital |
7 |
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Revaluation reserve |
8 |
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Profit and loss account |
8 |
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------------ |
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Shareholders funds |
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------------ |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
11 January 2022
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC187370
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Notes to the Abridged Financial Statements |
Year ended 31 July 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Union Plaza (6th Floor), 1 Union Wynd, Aberdeen, AB10 1DQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant & machinery |
- |
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Motor vehicles |
- |
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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.
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Tangible assets
£ |
|
Cost |
|
At 1 August 2020 |
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Additions |
|
------------ |
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At 31 July 2021 |
|
------------ |
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Depreciation |
|
At 1 August 2020 |
|
Charge for the year |
|
------------ |
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At 31 July 2021 |
|
------------ |
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Carrying amount |
|
At 31 July 2021 |
2,451,582 |
------------ |
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At 31 July 2020 |
2,486,569 |
------------ |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£ |
|
At 31 July 2021 |
|
Aggregate cost |
2,549,889 |
Aggregate depreciation |
(1,136,959) |
------------ |
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Carrying value |
|
------------ |
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At 31 July 2020 |
|
Aggregate cost |
2,549,889 |
Aggregate depreciation |
(1,087,276) |
------------ |
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Carrying value |
|
------------ |
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6.
Investments
£ |
|
Cost |
|
At 1 August 2020 |
|
Additions at cost |
|
Disposal proceeds |
(
|
Fair value adjustment |
(
|
------------ |
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At 31 July 2021 |
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------------ |
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Impairment |
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At 1 August 2020 and 31 July 2021 |
– |
------------ |
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Carrying amount |
|
At 31 July 2021 |
|
------------ |
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At 31 July 2020 |
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------------ |
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Investments held at valuation
Listed investments were valued using the share price at the balance sheet date.
In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£ |
|
At 31 July 2021 |
|
Aggregate cost |
1,153,421 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
1,153,421 |
------------ |
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At 31 July 2020 |
|
Aggregate cost |
1,077,345 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
1,077,345 |
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7.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
|
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|
96,775 |
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96,775 |
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8.
Reserves
9.
Related party transactions