Taynuilt_Properties_Limit - Accounts

TAYNUILT PROPERTIES LIMITED - Company Information

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Company Registration No. SC325559 (Scotland)

Taynuilt Properties Limited

Abbreviated financial statements

for the period ended 30 June 2015

Taynuilt Properties Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated financial statements

Taynuilt Properties Limited

Abbreviated balance sheet

as at 30 June 2015

- 1 -

2015

2013

Notes

Current assets

Stocks

100,000

Cash at bank and in hand

7,906

467

107,906

100,467

Creditors: amounts falling due within one year

(79,540)

(63,658)

Total assets less current liabilities

28,366

36,809

Capital and reserves

Called up share capital

200

Profit and loss account

28,166

36,609

Shareholders' funds

28,366

36,809

For the financial period 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 period 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 24 March 2016

Andrew Bissell

Director

Company Registration No. SC325559

Taynuilt Properties Limited

Notes to the abbreviated financial statements

for the period ended 30 June 2015

- 2 -

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).

In addition they have been prepared on a going concern basis which assumes that the company will continue to trade for the forseeable future. The validity of this assumption is dependant upon future profitability and the continued support of the company's shareholders and bankers. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for future liabilities that may arise, and to reclassify fixed assets as current assets.

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 goods and services net of VAT and trade discounts.

1.4

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.5

Taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £55,690).

Share capital

2015

2013

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

Ultimate parent company

The ultimate controlling parties are Andrew and Susan Bissell by virtue of their shareholdings.