Baillie & Baillie Estate Agents Ltd - Accounts to registrar (filleted) - small 18.2

Baillie & Baillie Estate Agents Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC502892 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

BAILLIE & BAILLIE ESTATE AGENTS LTD

BAILLIE & BAILLIE ESTATE AGENTS LTD (REGISTERED NUMBER: SC502892)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAILLIE & BAILLIE ESTATE AGENTS LTD


COMPANY INFORMATION
for the Year Ended 31 March 2020







DIRECTORS: S Baillie
Mrs L E Baillie





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC502892 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

BAILLIE & BAILLIE ESTATE AGENTS LTD (REGISTERED NUMBER: SC502892)


BALANCE SHEET
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 793 -

CURRENT ASSETS
Debtors 5 5,203 6,064
Cash at bank and in hand 3,299 6,062
8,502 12,126
CREDITORS
Amounts falling due within one year 6 7,794 11,793
NET CURRENT ASSETS 708 333
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,501

333

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,401 233
SHAREHOLDERS' FUNDS 1,501 333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

BAILLIE & BAILLIE ESTATE AGENTS LTD (REGISTERED NUMBER: SC502892)


BALANCE SHEET - continued
31 March 2020


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 17 June 2021 and were signed on its behalf by:




S Baillie - Director



Mrs L E Baillie - Director


BAILLIE & BAILLIE ESTATE AGENTS LTD (REGISTERED NUMBER: SC502892)


NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Baillie & Baillie Estate Agents Ltd 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.
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 933
At 31 March 2020 933
DEPRECIATION
Charge for year 140
At 31 March 2020 140
NET BOOK VALUE
At 31 March 2020 793

BAILLIE & BAILLIE ESTATE AGENTS LTD (REGISTERED NUMBER: SC502892)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 2,933 3,496
Other debtors 2,270 2,568
5,203 6,064

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 766 3,612
Tax 4,705 4,273
VAT 1,142 2,356
Directors' current accounts 8 4
Accrued expenses 1,173 1,548
7,794 11,793

7. RELATED PARTY DISCLOSURES

The company directors were owed £8 (2019-£4) at the year end. The maximum amount outstanding during the year was £8.

At the year end the company was owed £2,270 (2019-£2,270) from Baillie & Baillie Letting Agents Ltd. Both companies have common directors.