LINNABRECK_DEVELOPMENTS_( - Accounts


Company Registration No. SC208215 (Scotland)
LINNABRECK DEVELOPMENTS (SCOTLAND) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
LINNABRECK DEVELOPMENTS (SCOTLAND) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LINNABRECK DEVELOPMENTS (SCOTLAND) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
123,254
123,264
Current assets
Cash at bank and in hand
4,712
4,128
Creditors: amounts falling due within one year
(3,116)
(3,041)
Net current assets
1,596
1,087
Total assets less current liabilities
124,850
124,351
Capital and reserves
Called up share capital
3
113,194
113,194
Profit and loss account
11,656
11,157
Shareholders'  funds
124,850
124,351
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 January 2016
K Russell-Duff
Director
Company Registration No. SC208215
LINNABRECK DEVELOPMENTS (SCOTLAND) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for the letting of property, net of VAT where applicable .the letting of property, net of VAT where applicable.

1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
Investment properties are included in the balance sheet at their open market value. 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.
LINNABRECK DEVELOPMENTS (SCOTLAND) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
133,692
Additions
118
At 30 June 2015
133,810
Depreciation
At 1 July 2014
10,428
Charge for the year
128
At 30 June 2015
10,556
Net book value
At 30 June 2015
123,254
At 30 June 2014
123,264
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
113,194Ordinary shares of £1 each
113,194
113,194
2015-06-302014-07-01falsetruetruetruetruetruetmpC7B.html2016-02-29SC2082152014-07-012015-06-30SC2082152015-06-30SC2082152014-06-30SC2082152014-06-30SC208215uk-bus:Director22014-07-012015-06-30SC208215uk-gaap:PlantMachinery2014-07-012015-06-30SC208215uk-gaap:ComputerEquipment2014-07-012015-06-30SC208215uk-bus:OrdinaryShareClass12014-07-012015-06-30SC208215uk-bus:OrdinaryShareClass12015-06-30SC208215uk-bus:OrdinaryShareClass12014-06-30xbrli:purexbrli:sharesiso4217:GBP