Company Registration No. SC465592 (Scotland)
Blagden Property Solutions Ltd
Unaudited accounts
for the year ended 31 December 2021
Blagden Property Solutions Ltd
Company Information
for the year ended 31 December 2021
Company Number
SC465592 (Scotland)
Registered Office
Kirkhouse
Traquair
Innerleithen
Peeblesshire
EH44 6PU
Accountants
Jean S Macnab LLB CA CTA
1 Medwyn Drive
West Linton
Peeblesshire
EH46 7HW
Blagden Property Solutions Ltd
Statement of financial position
as at
31 December 2021
Cash at bank and in hand
14,878
3,256
Creditors: amounts falling due within one year
(6,081)
(7,722)
Net current assets/(liabilities)
8,797
(4,466)
Net assets/(liabilities)
9,072
(4,466)
Called up share capital
1
1
Profit and loss account
9,071
(4,467)
Shareholders' funds
9,072
(4,466)
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Harry Panton
Director
Company Registration No. SC465592
Blagden Property Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2021
Blagden Property Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC465592. The registered office is Kirkhouse, Traquair, Innerleithen, Peeblesshire, EH44 6PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of consultancy services provided.
Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled.
Tangible fixed assets policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Computer equipment - 50% straight line
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.
A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the reversal of the underlying timing differences can be recovered.
Blagden Property Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
2,928
-
Loans from directors
2,893
7,602
6
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
The company was under the control of H Panton throughout the current and previous period.
H Panton paid certain business expenses from his personal funds, and received partial repayment of monies owed to him, resulting in an amount owing to him at 31 December 2021 of £2,907 (2020 - £7,602.)
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).