Abbreviated Company Accounts - DONALDSON PROPERTIES LIMITED

DONALDSON PROPERTIES LIMITED - Company Information

SC036300 DONALDSON PROPERTIES LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true SC036300 2014-12-01 2015-11-30 SC036300 2015-11-30 SC036300 2014-11-30 SC036300 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 SC036300 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2015-11-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-11-30 iso4217:GBP shares

Registered Number SC036300

DONALDSON PROPERTIES LIMITED

Abbreviated Accounts

30 November 2015

DONALDSON PROPERTIES LIMITED Registered Number SC036300

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	15,007	16,720
Investments	3	1,370,000	1,496,060
		1,385,007	1,512,780
Current assets
Debtors	4	401,744	216,790
Cash at bank and in hand		221,376	184,877
		623,120	401,667
Creditors: amounts falling due within one year		(14,782)	(12,378)
Net current assets (liabilities)		608,338	389,289
Total assets less current liabilities		1,993,345	1,902,069
Total net assets (liabilities)		1,993,345	1,902,069
Capital and reserves
Called up share capital	5	34	34
Revaluation reserve		828,241	768,241
Other reserves		3	3
Profit and loss account		1,165,067	1,133,791
Shareholders' funds		1,993,345	1,902,069

For the year ending 30 November 2015 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 31 August 2016

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 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention 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 and fittings - 15% reducung balance

Other accounting policies
Investment properties

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 2014	77,619
Additions	3,560
Disposals	(3,000)
Revaluations	-
Transfers	-
At 30 November 2015	78,179
Depreciation
At 1 December 2014	60,899
Charge for the year	2,648
On disposals	(375)
At 30 November 2015	63,172
Net book values
At 30 November 2015	15,007
At 30 November 2014	16,720

3Fixed assets Investments
Valuation

At 1 December 2014 £1,496,060
Disposals (186,060)
Surplus on revaluation 60,000
________
At 30 November 2015 £1,370,000
________

Comprising

Cost £727,819

Revaluation surplus 642,181
________
At 30 November 2015 £1,370,000
_________

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	0	0

Included within other debtors due within one year was a loan due by R D Stewart amounting to £187,043 2014:180,540).

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
672 Ordinary shares of £0.05 each	34	34
1 Preference shares of £0.05 each	0	0