Ormiston Properties Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: SC045258 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

ORMISTON PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Lady L V van den Berg

SECRETARY:

D Jackson

REGISTERED OFFICE:

c/o Andrew Hamilton & Co

6 Logie Mill

Beaverbank Business Park

Edinburgh

EH7 4HG

REGISTERED NUMBER:

SC045258 (Scotland)

ACCOUNTANTS:

H M Williams Chartered Certified Accountants

Valley House

53 Valley Road

Plympton

Plymouth

Devon

PL7 1RF

FIXED ASSETS

Tangible assets

3

346,563

388,572

CURRENT ASSETS

Debtors: amounts falling due within one year

4

5,500

5,500

Debtors: amounts falling due after more than one year

4

13,226

15,986

Cash at bank

92,443

54,938

111,169

76,424

CREDITORS

Amounts falling due within one year

5

(8,733

)

(15,468

)

NET CURRENT ASSETS

102,436

60,956

TOTAL ASSETS LESS CURRENT LIABILITIES

448,999

449,528

CAPITAL AND RESERVES

Called up share capital

220,000

220,000

Share premium

45,219

45,219

Revaluation reserve

6

102,407

102,407

Retained earnings

81,373

81,902

SHAREHOLDERS' FUNDS

448,999

449,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2016 and were signed by:

Lady L V van den Berg - Director

1.	STATUTORY INFORMATION

Ormiston Properties Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2015

388,572

57,435

446,007

Additions

6,358

3,117

9,475

Disposals

(51,016

)

-

(51,016

)

At 29 February 2016

343,914

60,552

404,466

DEPRECIATION

At 1 March 2015

-

57,435

57,435

Charge for year

-

468

468

At 29 February 2016

-

57,903

57,903

NET BOOK VALUE

At 29 February 2016

343,914

2,649

346,563

At 28 February 2015

388,572

-

388,572

4.

DEBTORS

2016

2015

£

£

Amounts falling due within one year:

Other debtors

5,500

5,500

Amounts falling due after more than one year:

Amounts owed by participating interests

13,226

15,986

Aggregate amounts

18,726

21,486

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

6,096

10,158

Other creditors

2,637

5,310

8,733

15,468

6.

RESERVES

Revaluation

reserve

£

At 1 March 2015

and 29 February 2016

102,407

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and

28 February 2015:

2016

2015

£

£

Lady L V van den Berg

Balance outstanding at start of year

(5,000

)

5,000

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(5,000

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the director .

9.	ULTIMATE CONTROLLING PARTY