Abbreviated Company Accounts - BENALDER PROPERTIES LIMITED
Abbreviated Company Accounts - BENALDER PROPERTIES LIMITED
Registered Number SC325569
BENALDER PROPERTIES LIMITED
Abbreviated Accounts
31 August 2016
BENALDER PROPERTIES LIMITED Registered Number SC325569
Abbreviated Balance Sheet as at 31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 August 2016 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
And signed on their behalf by:
BENALDER PROPERTIES LIMITED Registered Number SC325569
Notes to the Abbreviated Accounts for the period ended 31 August 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Work in progress is valued at the lower cost and net realisable value.
Going Concern
The balance sheets show that liabilities exceed assets by £26,574. The director has confirmed his intention to maintain his financial support for the foreseeable future to enable the company to continue normal trading operations. These accounts are therefore drawn up on a going concern basis.
Creditors: amounts falling due after more than one year
Creditors include the following:
Secured creditors comprise a loan due to Bunfield Builders & Demolishers Limited. The loan is secured by a standard security granted over the company's property at Inveroe, Lanark Road West, Balerno. The loan is due for repayment as the development is sold.
Ultimate parent undertaking
The company is a 100% owned subsidiary of Linklad Ltd, a company registered in Scotland.