Applecrest Eco Limited Accounts

APPLECREST ECO LIMITED - Company Information






	Applecrest Eco Limited

		Company No. SC169637
			Information for Filing with The Registrar
			27 December 2022












Accountants
COUNT (Scotland) Limited
The Old Garage, Mill Hills Farm, Crieff, Perthshire, PH7 3QW

The Director presents his report and the accounts for the year ended 27 December 2022.

Principal activities
The principal activity of the company during the year under review was property investment and consultancy.




Director

The Director who served at any time during the year was as follows:

Ross Anderson







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Ross Anderson
Director
27 September 2023

at	27 December 2022
Company No.		SC169637	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	40,640	50,521

	Investments		5	800,000	800,000
				840,640	850,521
Current assets

	Debtors			76,228	35,943

	Cash at bank and in hand			1,389	6,380
				77,617	42,323
Creditors: Amount falling due within one year				(197,632)	(173,718)
Net current liabilities				(120,015)	(131,395)
Total assets less current liabilities				720,625	719,126
Creditors: Amounts falling due after more than one year				(632,465)	(836,032)



Net assets/(liabilities)				88,160	(116,906)

Capital and reserves
	Called up share capital			107,502	107,502


	Capital redemption reserve		6	351,086	351,086
	Profit and loss account		6	(370,428)	(575,494)

Total equity				88,160	(116,906)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 27 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit 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 accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 27 September 2023
And signed on its behalf by:
Ross Anderson
Director
27 September 2023

for the year ended 27 December 2022

General information

Its registered number is: SC169637

Its registered office is:

Falls of Dochart Inn

Gray Street

Killin

FK21 8SL

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20%% Straight line

Furniture, fittings and equipment

20%% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	12	13

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 28 December 2021	35,172	26,505	1,013	62,690
		Additions	-	2,736	-	2,736


		Disposals	(7,294)	-	-	(7,294)
		At 27 December 2022	27,878	29,241	1,013	58,132
		Depreciation
		At 28 December 2021	-	11,268	901	12,169
		Charge for the year	-	5,301	22	5,323



		At 27 December 2022	-	16,569	923	17,492
		Net book values
		At 27 December 2022	27,878	12,672	90	40,640
		At 27 December 2021	35,172	15,237	112	50,521

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 28 December 2021	800,000	800,000



		At 27 December 2022	800,000	800,000
		Provisions/Impairment





		Net book values
		At 27 December 2022	800,000	800,000
		At 27 December 2021	800,000	800,000

6	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 28 December 2020	351,086	351,086



		At 27 December 2021 and 28 December 2021	351,086	351,086



		At 27 December 2022	351,086	351,086


		Capital redemption reserve - records the nominal value of shares repurchased by the company.

		Profit and loss account - includes all current and prior period retained profits and losses.