Ardmuir (Pittodrie Place) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC513452 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Ardmuir (Pittodrie Place) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M P Hadland

R H Gabelich

REGISTERED OFFICE:

16 Charlotte Square

Edinburgh

EH2 4DF

REGISTERED NUMBER:

SC513452 (Scotland)

ACCOUNTANTS:

Jeffrey Crawford & Co

Chartered Accountants

25 Castle Terrace

Edinburgh

EH1 2ER

CURRENT ASSETS

Stocks and Work-in-progress

4

520,000

520,000

CREDITORS

Amounts falling due within one year

5

154,817

152,417

NET CURRENT ASSETS

365,183

367,583

TOTAL ASSETS LESS CURRENT LIABILITIES

365,183

367,583

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

365,182

367,582

SHAREHOLDERS' FUNDS

365,183

367,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 9 July 2021 and were signed on its behalf by:

R H Gabelich - Director

1.	STATUTORY INFORMATION

Ardmuir (Pittodrie Place) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The company had losses of £2,400 (2020 - £81,418) and has creditors falling due within one year of £154,817 (2020 - £152,417) The directors believe that the company's immediate parent will continue to support the company.

The directors have considered the impact of Covid-19 on the student housing market. While it has a temporary effect on the company's trade, the directors believe that the company has the resources to continue as a going concern as is well-placed to continue when the market returns. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Cost includes all purchase, transport, and handling costs in bringing stocks and work-in-progress to their present location and condition.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loan from related parties.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Loans from related parties which are basic financial instruments with no stated interest and receivable or payable within one year are recorded at transaction price.

Significant judgements and estimates

Preparing the financial statements may require the directors to make significant judgements and estimates. The only assertion in the financial statements where these judgements and estimates were required was the valuation of work in progress. Work in progress was valued based on the directors knowledge of local market conditions.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	STOCKS AND WORK-IN-PROGRESS

2021

2020

£

£

Work-in-progress

520,000

520,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

153,817

151,323

Other creditors

1,000

1,094

154,817

152,417

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary share

£1

1

1

7.	ULTIMATE CONTROLLING PARTY