Lets Do Scotland 2 Limited 31/05/2022 iXBRL

Lets Do Scotland 2 Limited 31/05/2022 iXBRL

LET'S DO SCOTLAND 2 LTD - Company Information

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2 31/05/2022 2022-05-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC697830 2021-06-01 2022-05-31 SC697830 2022-05-31 SC697830 bus:RegisteredOffice 2021-06-01 2022-05-31 SC697830 bus:LeadAgentIfApplicable 2021-06-01 2022-05-31 SC697830 bus:Director1 2021-06-01 2022-05-31 SC697830 bus:Director2 2021-06-01 2022-05-31 SC697830 core:LandBuildings core:OwnedOrFreeholdAssets 2022-05-31 SC697830 core:PlantMachinery 2022-05-31 SC697830 core:WithinOneYear 2022-05-31 SC697830 core:ShareCapital 2022-05-31 SC697830 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC697830 core:LandBuildings core:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 SC697830 core:PlantMachinery 2021-06-01 2022-05-31 SC697830 bus:SmallEntities 2021-06-01 2022-05-31 SC697830 bus:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 SC697830 bus:FullAccounts 2021-06-01 2022-05-31 SC697830 bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 SC697830 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31
Company registration number: SC697830
Lets Do Scotland 2 Limited
Unaudited filleted financial statements
31 May 2022
Lets Do Scotland 2 Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Lets Do Scotland 2 Limited
Directors and other information
Directors Annabel Findlay
Colleen Scott
Company number SC697830
Registered office Barns Knowe
Sauchieburn
Stirling
FK7 9QF
Business address Pirnhall Farm
Pirnhall Road
Stirling
FK7 8EX
Accountants Dickson Middleton
20 Barnton Street
Stirling
FK8 1NE
Bankers Virgin Money
56 Murray Place
Stirling
FK8 2BX
Lets Do Scotland 2 Limited
Statement of financial position
31 May 2022
2022
Note £ £
Fixed assets
Tangible assets 5 376,680
_______
376,680
Current assets
Debtors 6 2,620
Cash at bank and in hand 3,747
_______
6,367
Creditors: amounts falling due
within one year 7 ( 397,762)
_______
Net current liabilities ( 391,395)
_______
Total assets less current liabilities ( 14,715)
_______
Net liabilities ( 14,715)
_______
Capital and reserves
Called up share capital 100
Profit and loss account ( 14,815)
_______
Shareholders deficit ( 14,715)
_______
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 February 2023 , and are signed on behalf of the board by:
Colleen Scott
Director
Company registration number: SC697830
Lets Do Scotland 2 Limited
Notes to the financial statements
Year ended 31 May 2022
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Lets Do Scotland 2 Limited, Barns Knowe, Sauchieburn, Stirling, FK7 9QF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2
5. Tangible assets
Freehold property Plant and machinery Total
£ £ £
Cost
At 1 June 2021 - - -
Additions 274,948 101,732 376,680
_______ _______ _______
At 31 May 2022 274,948 101,732 376,680
_______ _______ _______
Depreciation
At 1 June 2021 and 31 May 2022 - - -
_______ _______ _______
Carrying amount
At 31 May 2022 274,948 101,732 376,680
_______ _______ _______
6. Debtors
2022
£
Other debtors 2,620
_______
7. Creditors: amounts falling due within one year
2022
£
Other creditors 397,762
_______