2013-10-01
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Private Limited Company
SC156396
2014-09-30
SC156396
2013-10-01
2014-09-30
SC156396
2013-09-30
SC156396
2012-10-01
2013-09-30
SC156396
uk-bus:Director1
2013-10-01
2014-09-30
SC156396
uk-gaap:ToolsEquipment
2013-10-01
2014-09-30
SC156396
uk-gaap:VehiclesPlantMachinery
2013-10-01
2014-09-30
SC156396
uk-gaap:FixturesFittings
2013-10-01
2014-09-30
SC156396
uk-gaap:AfterOneYear
2014-09-30
SC156396
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SC156396
uk-bus:OrdinaryShareClass1
2014-09-30
iso4217:GBP
For the year ended 30 September 2014
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC156396
2
Cairnsouth Limited
For the year ended 30 September 2014
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Cairnsouth Limited
2014
2013
2
89,928
106,550
1,295,853
1,295,853
3
1,385,781
1,402,403
4
169,103
179,040
53,548
60,578
232,588
229,681
| Creditors: amounts falling due within one year |
(74,544)
(82,714)
155,137
149,874
Net current assets
| Total assets less current liabilities |
1,535,655
1,557,540
| Creditors: amounts falling due after more than on |
| e year |
5
(1,334,000)
(1,280,000)
255,655
Net assets
223,540
1,000
6
1,000
437,768
437,768
(183,113)
(215,228)
255,655
223,540
Shareholders funds
| For the year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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. |
| Date approved by the board: 31 May 2015 |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Cairnsouth Limited
For the year ended 30 September 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
| The company's freehold properties were professionally valued in . This valuation has been reduced by |
| subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for |
| Smaller Entities (effective April 2008) the properties continue to be stated at that valuation less |
| accumulated depreciation to date and that valuation has not been updated. |
| The company's freehold properties are revalued in full every five years. Interim valuations are carried |
| out when it is likely that there has been a material change in value. |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Cairnsouth Limited
For the year ended 30 September 2014
| Investment properties are included in the balance sheet at their open market value at the balance sheet |
| date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is |
| provided only on those investment properties which are leasehold and where the unexpired lease term |
| is less than 20 years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 |
| for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is |
| necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only |
| one of many factors reflected in the annual valuation and the amount of this which might otherwise |
| have been charged cannot be separately identified or quantified. |
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
472,050
472,050
365,500
16,622
Charge for year
382,122
89,928
106,550
| 3 Fixed asset investments |
1,295,853
1,295,853
1,295,853
1,295,853
| Debtors include an amount of £100000 (2013: £100000) falling due after more than one year |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Cairnsouth Limited
For the year ended 30 September 2014
2013
2014
| 5 Creditors due after more than one year |
1,280,000
1,334,000
Bank loans and overdrafts (secured)
| Allotted called up and fully paid |
2014
2013
| 1,000 Ordinary shares of £1.00 each |
1,000
1,000
1,000
1,000
| Included in debtors is a balance of £56,670 (2013 - £46,670) due form Mr A Pia. There are no fixed repayment terms. |
4 of 4
