Lairds Gate Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC232761 (Scotland)

Unaudited Financial Statements

For The Year Ended 30th November 2018

for

Lairds Gate Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J McArthur

A McArthur

SECRETARY:

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC232761 (Scotland)

ACCOUNTANTS:

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Tangible assets

4

9,620

11,317

Investment property

5

174,957

184,577

186,274

CURRENT ASSETS

Cash at bank

32,870

61,686

CREDITORS

Amounts falling due within one year

6

(60,443

)

(116,906

)

NET CURRENT LIABILITIES

(27,573

)

(55,220

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

157,004

131,054

CREDITORS

Amounts falling due after more than one
year

7

(65,548

)

(36,844

)

NET ASSETS

91,456

94,210

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

91,356

94,110

SHAREHOLDERS' FUNDS

91,456

94,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29th July 2019 and were signed on its behalf by:

A McArthur - Director

1.	STATUTORY INFORMATION

Lairds Gate 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2017

and 30th November 2018

27,523

DEPRECIATION

At 1st December 2017

16,206

Charge for year

1,697

At 30th November 2018

17,903

NET BOOK VALUE

At 30th November 2018

9,620

At 30th November 2017

11,317

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2017

and 30th November 2018

174,957

NET BOOK VALUE

At 30th November 2018

174,957

At 30th November 2017

174,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Bank loans and overdrafts

7,747

4,054

Trade creditors

125

Taxation and social security

690

5,136

Other creditors

51,881

107,591

60,443

116,906

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2018

2017

£

Bank loans

33,884

36,844

Other creditors

31,664

-

65,548

36,844

2018

2017

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,657

20,617

Lairds Gate Ltd. - Accounts to registrar (filleted) - small 18.2

Lairds Gate Ltd. - Accounts to registrar (filleted) - small 18.2