Fountainbank Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC342183 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

FOUNTAINBANK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

N J Watson

SECRETARY:

E J Watson

REGISTERED OFFICE:

27 Dryden Road

Bilston Glen Industrial Estate

Loanhead

Midlothian

EH20 9LZ

REGISTERED NUMBER:

SC342183 (Scotland)

ACCOUNTANTS:

Danzig Limited

Chartered Accountants

6 St Colme Street

Edinburgh

Lothian

EH3 6AD

FIXED ASSETS

Investments

2

6,100

6,100

TOTAL ASSETS LESS CURRENT LIABILITIES

6,100

6,100

CAPITAL AND RESERVES

Called up share capital

3

6,100

6,100

SHAREHOLDERS' FUNDS

6,100

6,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the director on 29 September 2014 and were signed by:

N J Watson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Fountainbank Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a

right to pay less tax in the future have occurred at the balance sheet date.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all

available evidence, it can be regarded as more likely than not that there will be suitable taxable profits against

which to recover carried forward tax losses and from which the future reversal of underlying timing differences

can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

6,100

NET BOOK VALUE

At 31 December 2013

6,100

At 31 December 2012

6,100

The company's investments at the balance sheet date in the share capital of companies include the following:

Watson and Lyall Limited

Nature of business: Building contractors

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

404,277

199,667

Profit/(loss) for the year

232,110

(88,056

)

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2013

2012

value:

£

£

6,100

Ordinary

£1

6,100

6,100