The Institute Of Auctioneers And Appraisers In Scotland Filleted accounts for Companies House (small and micro)
The Institute Of Auctioneers And Appraisers In Scotland Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC013987
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Company Limited by Guarantee |
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Company Limited by Guarantee |
Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Investments |
7 |
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---------- |
---------- |
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Current assets
Stocks |
– |
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Debtors |
8 |
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Cash at bank and in hand |
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---------- |
---------- |
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Creditors: amounts falling due within one year |
9 |
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---------- |
---------- |
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Net current assets |
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---------- |
---------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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---------- |
---------- |
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Net assets |
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---------- |
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Capital and reserves
Profit and loss account |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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Company Limited by Guarantee |
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 May 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC013987
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is No 2 Lochrin Square, 96 Fountainbridge, Edinburgh, EH3 9QA.
The principal activity of the company during the year was the provision of services to members.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
Over 3 to 10 years
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Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Stocks
Provisions
Financial instruments
4.
Company limited by guarantee
The company is limited by guarantee not exceeding £1 per member. At 31 December 2018 there were 10 members.
5.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 10 (2017:10).
6.
Tangible assets
President's Chain of Office |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2018 and 31 December 2018 |
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---- |
--------- |
--------- |
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Depreciation |
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At 1 January 2018 |
– |
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Charge for the year |
– |
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---- |
--------- |
--------- |
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At 31 December 2018 |
– |
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---- |
--------- |
--------- |
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Carrying amount |
|||
At 31 December 2018 |
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---- |
--------- |
--------- |
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At 31 December 2017 |
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---- |
--------- |
--------- |
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7.
Investments
Listed Investments |
|
£ |
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Market value |
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At 1 January 2018 |
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Additions |
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Disposals |
(
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Revaluations |
(
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---------- |
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At 31 December 2018 |
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---------- |
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Impairment |
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At 1 January 2018 and 31 December 2018 |
– |
---------- |
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Carrying amount |
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At 31 December 2018 |
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---------- |
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At 31 December 2017 |
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---------- |
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8.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
--------- |
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--------- |
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9.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
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Trade creditors |
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Corporation tax |
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Other creditors |
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--------- |
--------- |
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--------- |
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10.
Summary audit opinion
The senior statutory auditor was
Kenneth Tait CA
, for and on behalf of
Williamson & Dunn
.