CRAIGEND_PROPERTIES_LIMIT - Accounts

CRAIGEND PROPERTIES LIMITED - Company Information

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Company Registration No. SC409084 (Scotland)

CRAIGEND PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

CRAIGEND PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CRAIGEND PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,764

9,976

Current assets

Debtors

352,283

121,275

Cash at bank and in hand

89,141

128,342

441,424

249,617

Creditors: amounts falling due within one year

(156,696)

(100,451)

Net current assets

284,728

149,166

Total assets less current liabilities

290,492

159,142

Provisions for liabilities

(242)

290,492

158,900

Capital and reserves

Called up share capital

100

Profit and loss account

290,392

158,800

Shareholders' funds

290,492

158,900

For the financial 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 May 2017

A White

Director

Company Registration No. SC409084

CRAIGEND PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

During the year the company made a profit and at the balance sheet date had a positive balance sheet. The directors consider that this will continue for the foreseeable future and that the accounts should be prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

Motor vehicles

25% straight line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CRAIGEND PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 November 2015 & at 31 October 2016

16,848

Depreciation

At 1 November 2015

6,872

Charge for the year

4,212

At 31 October 2016

11,084

Net book value

At 31 October 2016

5,764

At 31 October 2015

9,976

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100