The Craiglockhart Garage Company Ltd.
The Craiglockhart Garage Company Ltd.
Registered number: SC042971
Unaudited Financial Statements
For The Year Ended
31 March 2023
The Craiglockhart Garage Company Ltd.
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
The Craiglockhart Garage Company Ltd.
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
SC042971
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment Properties | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Fair Value Reserve | 8 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 141,584 | 136,761 | |||
Page 1
Page 2
The Craiglockhart Garage Company Ltd.
Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
The Craiglockhart Garage Company Ltd.
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
The Craiglockhart Garage Company Ltd.
is a private company, limited by shares, incorporated in Scotland, registered number
SC042971
. The registered office is Bank House, 20a Strathearn Road, Edinburgh, EH9 2AB.
The presentation currency of the financial statements is the Pound Sterling (£).
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover represents net invoiced rent and services, excluding value added tax.
2.3.
Investment Properties
Investment property is shown at most recent valuation. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
4.
Investment Property
| 2023 | |
|---|---|
| £ | |
| Fair Value | |
| As at
|
|
| Depreciation and impairment | (30,000) |
| As at
|
|
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 20,860 | 20,860 | |
The property was valued on an open market basis on 31 March 1998 by Ryden International Property Consultants.
The directors are of the opinion that this valuation is still appropriate.
Page 3
Page 4
The Craiglockhart Garage Company Ltd.
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
|
|
|
8.
Reserves
| Fair Value Reserve | |
|---|---|
| £ | |
| As at
|
|
| As at
|
|
Page 4