Abigail Primrose Ltd - Accounts to registrar (filleted) - small 18.2
Abigail Primrose Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2022 |
| for |
| Abigail Primrose Ltd |
| Abigail Primrose Ltd (Registered number: SC418825) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2022 |
| Page |
| Company Information | 1 |
| Report of the Accountants | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| Abigail Primrose Ltd |
| Company Information |
| for the Year Ended 31st March 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor |
| 77 Hanover Street |
| Edinburgh |
| EH2 1EE |
| Abigail Primrose Ltd |
| Report of the Accountants to the Directors of |
| Abigail Primrose Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2022 set out on pages four to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 2nd Floor |
| 77 Hanover Street |
| Edinburgh |
| EH2 1EE |
| Abigail Primrose Ltd (Registered number: SC418825) |
| Balance Sheet |
| 31st March 2022 |
| 31/3/22 | 31/3/21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Abigail Primrose Ltd (Registered number: SC418825) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2022 |
| 1. | STATUTORY INFORMATION |
| Abigail Primrose Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1st April 2021 |
| and 31st March 2022 |
| Net book value |
| At 31st March 2022 |
| At 31st March 2021 |
| Fair value at 31st March 2022 is represented by: |
| £ |
| Valuation in 2013 | 405,000 |
| Cost | 150,000 |
| 555,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 31/3/22 | 31/3/21 |
| £ | £ |
| Cost | 150,000 | 150,000 |
| The investment properties were valued on an open market basis on 3rd June 2013 by Graham and Sibbald, Chartered Surveyors . |
| Abigail Primrose Ltd (Registered number: SC418825) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2022 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/22 | 31/3/21 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Directors' current accounts | 96,743 | 77,813 |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/3/22 | 31/3/21 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/3/22 | 31/3/21 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a floating charge and standard security over the company's properties. |
| The loan is repayable over 10 years and bears interest at 3.41% above base. The loan is fully repayable by February 2024. |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st April 2021 |
| and 31st March 2022 |