Corrieglen Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC205925 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Corrieglen Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P D Koch-Osborne

M D Koch-Osborne

SECRETARY:

P D Koch-Osborne

REGISTERED OFFICE:

Highland Accountancy Practice

Suite1A, Willow House

Stoneyfield Business Park

Inverness

IV4 7PA

REGISTERED NUMBER:

SC205925 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Tangible assets

2

159,290

196,631

CURRENT ASSETS

Debtors

1,087

6,776

Cash at bank

29,177

775

30,264

7,551

CREDITORS

Amounts falling due within one year

1,320

1,320

NET CURRENT ASSETS

28,944

6,231

TOTAL ASSETS LESS CURRENT LIABILITIES

188,234

202,862

CAPITAL AND RESERVES

Called up share capital

3

1,200

1,200

Share Premium

478,800

478,800

Profit and Loss Account

(291,766

)

(277,138

)

SHAREHOLDERS' FUNDS

188,234

202,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 July 2014 and were signed on its behalf by:

P D Koch-Osborne - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and Fittings

-

10% on reducing balance

Tangible fixed assets include investment property carried in the balance sheet at the directors' opinion of open

market value. As no depreciation is charged this is a departure from standard accounting practice, but in

accordance with accounting for investment properties.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

203,668

Disposals

(37,108

)

At 31 March 2014

166,560

DEPRECIATION

At 1 April 2013

7,037

Charge for year

233

At 31 March 2014

7,270

NET BOOK VALUE

At 31 March 2014

159,290

At 31 March 2013

196,631

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

Ordinary

£1

1,200

1,200