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1-2-1 PROPERTY LTD




Company Registration Number:
SC365334 (Scotland)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st October 2011

End date: 30th September 2012

SUBMITTED

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Company Information
for the Period Ended 30th September 2012




Director: Tracey A Lang
Nicholas Stewart
Courtney Stewart
Registered office: 272 Bath Street
Glasgow
G2 4JR
GB-SCT
Company Registration Number: SC365334 (Scotland)

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Abbreviated Balance sheet
As at 30th September 2012

Notes 2012
£		 2011
£
Fixed assets
Tangible assets: 2 5,294 3,169
Total fixed assets: 5,294 3,169
Current assets
Stocks: 0 1,850
Debtors: 3 90,452 58,711
Cash at bank and in hand: 8,574 27,397
Total current assets: 99,026 87,958
Creditors
Creditors: amounts falling due within one year 4 31,591 25,083
Net current assets (liabilities): 67,435 62,875
Total assets less current liabilities: 72,729 66,044
Creditors: amounts falling due after more than one year: 5 108,005 65,803
Total net assets (liabilities): ( 35,276 ) 241

The notes form part of these financial statements

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Abbreviated Balance sheet
As at 30th September 2012
continued

Notes 2012
£		 2011
£
Capital and reserves
Called up share capital: 6 2 2
Profit and Loss account: ( 35,278 ) 239
Total shareholders funds: ( 35,276 ) 241

For the year ending 30 September 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 09 September 2013

SIGNED ON BEHALF OF THE BOARD BY:

Name: Tracey A Lang
Status: Director

The notes form part of these financial statements

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts for the year ended 30 September 2012 have been prepared under the historical cost convention.

    Turnover policy

    Turnover is stated net of Value Added Tax, and is recognised as the revenue resulting from exchange transactions under which the company supplies to its customers the goods and services it is in business to provide.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates intended to write-off the cost or valuation, less estimated residual value, of each asset evenly over its expected economic useful life.s

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 2. Tangible assets

    Total
    Cost £
    At 01st October 2011: 4,794
    Additions: 4,016
    At 30th September 2012: 8,810
    Depreciation
    At 01st October 2011: 1,625
    Charge for year: 1,891
    At 30th September 2012: 3,516
    Net book value
    At 30th September 2012: 5,294
    At 30th September 2011: 3,169

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 3. Debtors

    2012
    £     		2011
    £
    Trade debtors: 1,532 4,291
    Other debtors: 88,920 54,420
    Total: 90,452 58,711

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 4. Creditors: amounts falling due within one year

    2012
    £     		2011
    £
    Taxation and social security: 10,884 10,884
    Accruals and deferred income: 20,707 14,199
    Total: 31,591 25,083

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 5. Creditors: amounts falling due after more than one year

    2012
    £     		2011
    £
    Bank loans and overdrafts: 7,080 11,418
    Other creditors: 100,925 54,385
    Total: 108,005 65,803

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period 2011
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2

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Notes to the Abbreviated Accounts
for the Period Ended 30th September 2012

  • 7 . Transactions with directors

    Name of director receiving advance or credit: Tracey A Lang
    Description of the transaction: Loan account movement
    Balance at 01st October 2011: 21,768
    Advances or credits made: 17,250
    Balance at 30th September 2012: 39,018
    Name of director receiving advance or credit: Nicholas Stewart
    Description of the transaction: Loan account movement
    Balance at 01st October 2011: 21,768
    Advances or credits made: 17,250
    Balance at 30th September 2012: 39,018