Albamuir Limited - Abbreviated accounts 16.1
Albamuir Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Accounts for the Year Ended 31 May 2016 |
for |
Albamuir Limited |
Albamuir Limited (Registered number: SC213703) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Albamuir Limited |
Company Information |
for the Year Ended 31 May 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Albamuir Limited (Registered number: SC213703) |
Abbreviated Balance Sheet |
31 May 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
Investment property | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Albamuir Limited (Registered number: SC213703) |
Abbreviated Balance Sheet - continued |
31 May 2016 |
The financial statements were approved by the Board of Directors on |
Albamuir Limited (Registered number: SC213703) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
Turnover |
Turnover represents rental income and gains on sale of investment properties. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities the investment properties are valued on |
an open market value basis and therefore no depreciation or amortisation is provided in respect of these |
properties. This treatment is a departure from the requirements of the Companies Act 2006 concerning the |
depreciation of fixed assets. However these properties are held for investment and the directors consider that |
systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for |
the financial statements to give a true and fair view. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
Additions |
At 31 May 2016 |
DEPRECIATION |
At 1 June 2015 |
Charge for year |
At 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
Albamuir Limited (Registered number: SC213703) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST OR VALUATION |
At 1 June 2015 |
and 31 May 2016 | 82,410 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
Disposals | ( |
) |
At 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
5. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2016 | 2015 |
£ | £ |
Repayable by instalments | 190,567 | - |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |