Thistle Investments Limited - Limited company accounts 11.0.0
Thistle Investments Limited - Limited company accounts 11.0.0
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 January 2015 |
for |
Thistle Investments Limited |
Thistle Investments Limited (Registered number: SC182443) |
Contents of the Financial Statements |
for the Year Ended 31 January 2015 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Profit and Loss Account | 3 |
Statement of Total Recognised Gains and Losses | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 7 |
Thistle Investments Limited |
Company Information |
for the Year Ended 31 January 2015 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thistle Investments Limited (Registered number: SC182443) |
Report of the Director |
for the Year Ended 31 January 2015 |
The director presents his report with the financial statements of the company for the year ended 31 January 2015. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of commercial property holding and leasing. |
DIRECTOR |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
ON BEHALF OF THE BOARD: |
Thistle Investments Limited (Registered number: SC182443) |
Profit and Loss Account |
for the Year Ended 31 January 2015 |
31.1.15 | 31.1.14 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT | 2 |
Interest payable and similar charges |
PROFIT ON ORDINARY ACTIVITIES |
BEFORE TAXATION |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
Thistle Investments Limited (Registered number: SC182443) |
Statement of Total Recognised Gains and Losses |
for the Year Ended 31 January 2015 |
31.1.15 | 31.1.14 |
£ | £ |
PROFIT FOR THE FINANCIAL YEAR |
Unrealised deficit on revaluation of properties | ( |
) |
revaluation |
TOTAL RECOGNISED GAINS AND LOSSES |
RELATING TO THE YEAR | ( |
) |
Thistle Investments Limited (Registered number: SC182443) |
Balance Sheet |
31 January 2015 |
31.1.15 | 31.1.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT |
LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 | ( |
) | ( |
) |
Profit and loss account | 10 |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
Thistle Investments Limited (Registered number: SC182443) |
Balance Sheet - continued |
31 January 2015 |
The financial statements were approved by the director on |
Thistle Investments Limited (Registered number: SC182443) |
Notes to the Financial Statements |
for the Year Ended 31 January 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets 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. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.1.15 | 31.1.14 |
£ | £ |
Director's remuneration and other benefits etc |
3. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended 31 January 2015 nor for the |
year ended 31 January 2014. |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 February 2014 |
Revaluations | ( |
) |
At 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
Cost or valuation at 31 January 2015 is represented by: |
£ |
Valuation in 2010 | 6,046,015 |
Valuation in 2011 | (1,378,627 | ) |
Valuation in 2012 | 2,000 |
Valuation in 2015 | (2,094,388 | ) |
2,575,000 |
Thistle Investments Limited (Registered number: SC182443) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2015 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.15 | 31.1.14 |
£ | £ |
Trade debtors | 60,131 | 73,581 |
Other debtors | 128,006 | 8,857 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.15 | 31.1.14 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.15 | 31.1.14 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 4,087,931 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.15 | 31.1.14 |
£ | £ |
Bank loans |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.15 | 31.1.14 |
value: | £ | £ |
Ordinary | £1 |
Thistle Investments Limited (Registered number: SC182443) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2015 |
10. | RESERVES |
Profit |
and loss | Revaluation |
account | reserve | Totals |
£ | £ | £ |
At 1 February 2014 | ( |
) |
Profit for the year |
Revaluation | - | (2,094,388 | ) | (2,094,388 | ) |
At 31 January 2015 | ( |
) | ( |
) |