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

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


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REGISTERED NUMBER: SC502886 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

BAILLIE & BAILLIE LETTING AGENTS LTD

BAILLIE & BAILLIE LETTING AGENTS LTD (REGISTERED NUMBER: SC502886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAILLIE & BAILLIE LETTING AGENTS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2021







DIRECTORS: S Baillie
Mrs L E Baillie





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC502886 (Scotland)





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

BAILLIE & BAILLIE LETTING AGENTS LTD (REGISTERED NUMBER: SC502886)

BALANCE SHEET
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,173 1,381

CURRENT ASSETS
Debtors 5 - 1,645
Cash at bank and in hand 52,904 29,145
52,904 30,790
CREDITORS
Amounts falling due within one year 6 43,458 31,823
NET CURRENT ASSETS/(LIABILITIES) 9,446 (1,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,619

348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,519 248
SHAREHOLDERS' FUNDS 10,619 348

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 16 March 2022 and were signed on its behalf by:




S Baillie - Director



Mrs L E Baillie - Director


BAILLIE & BAILLIE LETTING AGENTS LTD (REGISTERED NUMBER: SC502886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Baillie & Baillie Letting 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 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2020
and 31 March 2021 1,100 1,350 2,450
DEPRECIATION
At 1 April 2020 424 645 1,069
Charge for year 102 106 208
At 31 March 2021 526 751 1,277
NET BOOK VALUE
At 31 March 2021 574 599 1,173
At 31 March 2020 676 705 1,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Other debtors - 1,645

BAILLIE & BAILLIE LETTING AGENTS LTD (REGISTERED NUMBER: SC502886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 29,293 24,933
Tax 9,529 3,640
Other creditors 2,270 2,270
Directors' current accounts 446 20
Accrued expenses 1,920 960
43,458 31,823

7. RELATED PARTY DISCLOSURES

The company directors were owed £446 (2020-£20) at the year end. £446 was the maximum amount outstanding during the year.

At the year end the company owed £2,270 (2020-£2,270) to Baillie & Baillie Estate Agents Ltd. Both companies have common directors.