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 2019

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 2019




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 2019







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 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,624 1,910

CURRENT ASSETS
Debtors 5 1,645 -
Cash at bank and in hand 1,867 21,761
3,512 21,761
CREDITORS
Amounts falling due within one year 6 6,087 22,611
NET CURRENT LIABILITIES (2,575 ) (850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(951

)

1,060

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,051 ) 960
SHAREHOLDERS' FUNDS (951 ) 1,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 19 December 2019 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 2019

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 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2018
and 31 March 2019 1,100 1,350 2,450
DEPRECIATION
At 1 April 2018 165 375 540
Charge for year 140 146 286
At 31 March 2019 305 521 826
NET BOOK VALUE
At 31 March 2019 795 829 1,624
At 31 March 2018 935 975 1,910

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Other debtors 1,645 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade creditors 714 14,846
Tax 2,114 2,034
Other creditors 2,270 4,670
Directors' current accounts 29 43
Accrued expenses 960 1,018
6,087 22,611

7. RELATED PARTY DISCLOSURES

The company directors were owed £29 (2018-£43) at the year end.

At the year end the company owed £2,270 (2018-£2,270) to Baillie & Baillie Estate Agents Ltd. Both
companies have common directors.