Seabraes Limited Small abbreviated accounts

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Company Registration Number SC365548

Seabraes Limited

Unaudited Abbreviated Accounts

31 October 2016

DC Consulting (www.dcconsult.co.uk)

Chartered Accountants

Seabraes Limited

Abbreviated Balance Sheet

31 October 2016

	2016		2015
Note	£	£	£

Fixed Assets

Investments	1	414,946	414,946
		----------	----------

Current Assets

Cash at bank and in hand	100		100

Creditors: amounts falling due within one year	331,834		372,588
	----------		----------
Net Current Liabilities		( 331,734)	( 372,488)
		----------	----------
Total Assets Less Current Liabilities		83,212	42,458

Creditors: amounts falling due after more than one year	-	11,697
	---------	---------
	83,212	30,761
	---------	---------

Capital and Reserves

Called up equity share capital	2	133	133
Share premium account		11,967	11,967
Profit and loss account		71,112	18,661
		---------	---------
Shareholders' Funds		83,212	30,761
		---------	---------

For the year ended 31 October 2016 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 accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 25 April 2017 , and are signed on their behalf by:

Mr K Pirie Director

Company Registration Number: SC365548

Seabraes Limited

Accounting Policies

Year Ended 31 October 2016

Basis of Accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Seabraes Limited

Notes to the Abbreviated Accounts

Year Ended 31 October 2016

1. Fixed Assets

	Investments
	£

Cost

At 1 November 2015 and 31 October 2016	414,946
	----------

Net Book Value

At 31 October 2016	414,946
	----------

At 31 October 2015	414,946
	----------

The company has invested in the ordinary share capital of TA Millard and it's details are as follows: Percentage Country of Name of subsidiary owned incorporation TA Millard (Scotland) Ltd 100% Great Britain Aggregate capital and reserves 31 Oct 16 31 Oct 15 TA Millard (Scotland) Ltd

		315,014	247,840

Profit and (loss) for the year

TA Millard (Scotland) Ltd		67,174	44,803

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

2. Share Capital

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 0.10 each	1,333	133	1,333	133
	-------	----	-------	----