Archie Investments Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: SC474472 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Archie Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Fulton

Miss M J Fulton

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

G84 8BP

REGISTERED NUMBER:

SC474472 (Scotland)

FIXED ASSETS

Tangible assets

4

158

210

Investment property

5

817,380

817,380

817,538

817,590

CURRENT ASSETS

Cash at bank

80,818

38,792

CREDITORS

Amounts falling due within one year

6

175,790

624,004

NET CURRENT LIABILITIES

(94,972

)

(585,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

722,566

232,378

CREDITORS

Amounts falling due after more than one year

7

64,940

77,013

NET ASSETS

657,626

155,365

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

657,523

155,262

SHAREHOLDERS' FUNDS

657,626

155,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:

Mrs M Fulton - Director

1.	STATUTORY INFORMATION

Archie Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

and 30 April 2023

2,026

DEPRECIATION

At 1 May 2022

1,816

Charge for year

52

At 30 April 2023

1,868

NET BOOK VALUE

At 30 April 2023

158

At 30 April 2022

210

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

and 30 April 2023

817,380

NET BOOK VALUE

At 30 April 2023

817,380

At 30 April 2022

817,380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

2,600

2,600

Taxation and social security

32,372

23,209

Other creditors

140,818

598,195

175,790

624,004

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Other creditors

64,940

77,013

8.	CONTINGENT LIABILITIES

As at 30 April 2022, the company had no contingent liabilities. (2021-nil)

9.	CAPITAL COMMITMENTS

As at 30 April 2022, the company had no capital commitments. (2021-nil)