Baillie & Baillie Estate Agents Ltd - Accounts to registrar (filleted) - small 22.3

Baillie & Baillie Estate Agents Ltd - Accounts to registrar (filleted) - small 22.3


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REGISTERED NUMBER: SC502892 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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 2022




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 2022







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 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,396 3,373

CURRENT ASSETS
Debtors 5 3,473 3,218
Cash at bank and in hand 6,148 33,340
9,621 36,558
CREDITORS
Amounts falling due within one year 6 28,949 15,525
NET CURRENT (LIABILITIES)/ASSETS (19,328 ) 21,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,068

24,406

CREDITORS
Amounts falling due after more than one
year

7

-

20,834
NET ASSETS 6,068 3,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,968 3,472
SHAREHOLDERS' FUNDS 6,068 3,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022


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 22 December 2022 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 2022

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.
Motor vehicles - 15% on reducing balance
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 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 - 4,108 4,108
Additions 26,505 - 26,505
At 31 March 2022 26,505 4,108 30,613
DEPRECIATION
At 1 April 2021 - 735 735
Charge for year 3,976 506 4,482
At 31 March 2022 3,976 1,241 5,217
NET BOOK VALUE
At 31 March 2022 22,529 2,867 25,396
At 31 March 2021 - 3,373 3,373

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 420
Other debtors - 2,270
Tax 2,818 -
VAT 655 528
3,473 3,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 21,163 4,167
Trade creditors 480 749
Tax - 8,505
Other creditors 6,300 -
Directors' current accounts 6 19
Accrued expenses 1,000 2,085
28,949 15,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 1-2 years - 4,167
Bank loans - 2-5 years - 12,500
Bank loans more 5 yr by instal - 4,167
- 20,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,167

8. RELATED PARTY DISCLOSURES

The company directors were owed £6 (2021-£19) at the year end. The maximum amount outstanding during the year was £19.

At the year end the company owed Baillie & Baillie Letting Agents Ltd £5,000 (2021-£-2,270) . Both companies have common directors.£5,000 was the maximum amount outstanding during the year.