Abbreviated Company Accounts - DONALDSON PROPERTIES LIMITED

DONALDSON PROPERTIES LIMITED - Company Information

SC036300 DONALDSON PROPERTIES LIMITED 2014-11-30 false 2013-12-01 2014-11-30 true SC036300 2013-12-01 2014-11-30 SC036300 2014-11-30 SC036300 2013-11-30 SC036300 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 SC036300 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2013-11-30 iso4217:GBP shares

Registered Number SC036300

DONALDSON PROPERTIES LIMITED

Abbreviated Accounts

30 November 2014

DONALDSON PROPERTIES LIMITED Registered Number SC036300

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	16,719	14,919
Investments	3	1,496,060	1,496,060
		1,512,779	1,510,979
Current assets
Debtors		216,790	214,776
Cash at bank and in hand		184,877	182,944
		401,667	397,720
Creditors: amounts falling due within one year		(12,377)	(23,766)
Net current assets (liabilities)		389,290	373,954
Total assets less current liabilities		1,902,069	1,884,933
Total net assets (liabilities)		1,902,069	1,884,933
Capital and reserves
Called up share capital	4	34	34
Revaluation reserve		768,241	768,241
Other reserves		3	3
Profit and loss account		1,133,791	1,116,655
Shareholders' funds		1,902,069	1,884,933

For the year ending 30 November 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 20 August 2015

And signed on their behalf by:
Ranald Stewart, Director

DONALDSON PROPERTIES LIMITED Registered Number SC036300

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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 fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles - 25% reducing balance
Fixtures & Fittings -15% reducing balance

Valuation information and policy
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 December 2013	72,956
Additions	4,662
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	77,618
Depreciation
At 1 December 2013	58,037
Charge for the year	2,862
On disposals	-
At 30 November 2014	60,899
Net book values
At 30 November 2014	16,719
At 30 November 2013	14,919

3Fixed assets Investments
Property held at valuation 1 December 2013 and 30 November 2014 £1,496,060

Comprising
Original cost £727,819
Valuation surplus £768,241

The 2014 valuations were made by the directors on an open market for existing use basis.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
672 Ordinary £.05 shares of £0.05 each	34	34
1 Preference share of £0.05	0	0