Keogh & Savage (Investments) Limited

Keogh & Savage (Investments) Limited

KEOGH & SAVAGE (INVESTMENTS) LIMITED - Company Information

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1 February 2022 false No description of principal activity Taxfiler 2023.10 SC042634business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC0426342022-01-31 SC0426342022-02-012023-01-31 SC042634business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 SC042634business:FilletedAccounts2022-02-012023-01-31 SC0426342023-01-31 SC042634business:Director12022-02-012023-01-31 SC042634business:Director22022-02-012023-01-31 SC042634business:RegisteredOffice2022-02-012023-01-31 SC0426342022-01-31 SC042634core:WithinOneYear2023-01-31 SC042634core:WithinOneYear2022-01-31 SC042634core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC042634core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC042634core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC042634core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC042634core:PreviouslyStatedAmount2023-01-31 SC042634core:PreviouslyStatedAmount2022-01-31 SC042634business:SmallEntities2022-02-012023-01-31 SC042634countries:Scotland2022-02-012023-01-31 SC042634core:FurnitureFittings2022-02-012023-01-31 SC042634core:FurnitureFittings2022-01-31 SC042634core:FurnitureFittings2023-01-31 SC0426342021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC042634 (Scotland)
Keogh & Savage (Investments) Limited Financial Statements for the year ended 31 January 2023
Keogh & Savage (Investments) Limited Financial Statements Contents
Page
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Keogh & Savage (Investments) Limited Company Information for the year ended 31 January 2023
Directors
Ms Flora Keogh Ms Ursula Westlake
Company Number
SC042634 (Scotland)
Registered Office
110A Maxwell Avenue Bearsden Glasgow G61 1HU
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Keogh & Savage (Investments) Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
356 
406 
Investment property
5
1,372,498 
1,372,498 
1,372,854 
1,372,904 
Current assets
Debtors
6
23,500 
22,300 
Cash at bank and in hand
122,713 
91,245 
146,213 
113,545 
Creditors: amounts falling due within one year
7
(512,373)
(515,890)
Net current liabilities
(366,160)
(402,345)
Total assets less current liabilities
1,006,694 
970,559 
Provisions for liabilities
Deferred tax
(75,767)
(75,767)
Net assets
930,927 
894,792 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
930,827 
894,692 
Shareholders' funds
930,927 
894,792 
For the year ending 31 January 2023 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Ms Flora Keogh Director Company Registration No. SC042634
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Keogh & Savage (Investments) Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Keogh & Savage (Investments) Limited is a private company, limited by shares, registered in Scotland, registration number SC042634. The registered office is 110A Maxwell Avenue, Bearsden, Glasgow, G61 1HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
55,953 
At 31 January 2023
55,953 
Depreciation
At 1 February 2022
55,547 
Charge for the year
50 
At 31 January 2023
55,597 
Net book value
At 31 January 2023
356 
At 31 January 2022
406 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
1,372,498 
At 31 January 2023
1,372,498 
Investment properties were revalued by Allied Scotland, Chartered Surveyors, in 2017
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Keogh & Savage (Investments) Limited Notes to the Accounts for the year ended 31 January 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,200 
- 
Other debtors
22,300 
22,300 
23,500 
22,300 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,678 
9,288 
Other creditors
503,895 
505,802 
Accruals
800 
800 
512,373 
515,890 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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