Abbreviated Company Accounts - BALGRAY LIMITED

SC180063 BALGRAY LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true SC180063 2013-11-01 2014-10-31 SC180063 2014-10-31 SC180063 2013-10-31 SC180063 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 SC180063 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:Director4 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director4 2014-10-31 uk-gaap-cd-bus:Director4 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number SC180063

BALGRAY LIMITED

Abbreviated Accounts

31 October 2014

BALGRAY LIMITED Registered Number SC180063

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,056,430	1,062,738
Investments	3	6,000	6,000
		1,062,430	1,068,738
Current assets
Debtors		41,979	41,007
		41,979	41,007
Creditors: amounts falling due within one year	4	(155,586)	(156,343)
Net current assets (liabilities)		(113,607)	(115,336)
Total assets less current liabilities		948,823	953,402
Creditors: amounts falling due after more than one year	4	(15,579)	(29,322)
Total net assets (liabilities)		933,244	924,080
Capital and reserves
Called up share capital	5	860,002	860,002
Profit and loss account		73,242	64,078
Shareholders' funds		933,244	924,080

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 27 July 2015

And signed on their behalf by:
M J Jardine Paterson, Director

BALGRAY LIMITED Registered Number SC180063

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents the company's share of profits in the two farming partnerships in which it holds an interest and rent receivable in the year.

Turnover is recognised for the period to which the partnership profit share relates or when rents are receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their residual value, over their expected useful lives on the following bases:

Freehold property - 0 - 10% straight line
Office equipment - 33% straight line

Other accounting policies
Investments held as fixed assets are shown at cost less provision for impairment.

2Tangible fixed assets

	£
Cost
At 1 November 2013	1,134,311
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,134,311
Depreciation
At 1 November 2013	71,573
Charge for the year	6,308
On disposals	-
At 31 October 2014	77,881
Net book values
At 31 October 2014	1,056,430
At 31 October 2013	1,062,738

3Fixed assets Investments
The investment is a capital account in a trading partnership.

4Creditors

	2014 £	2013 £
Secured Debts	155,125	169,056

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
860,002 Ordinary shares of £1 each	860,002	860,002

6Transactions with directors

Name of director receiving advance or credit:	Mr M J Jardine Paterson
Description of the transaction:	Loan account
Balance at 1 November 2013:	£ 3,350
Advances or credits made:	£ 134
Advances or credits repaid:	-
Balance at 31 October 2014:	£ 3,484

Name of director receiving advance or credit:	Mr D Jardine Paterson
Description of the transaction:	Loan account
Balance at 1 November 2013:	£ 14,102
Advances or credits made:	£ 564
Advances or credits repaid:	-
Balance at 31 October 2014:	£ 14,666

Interest has been charged on the overdrawn balances at 4%.