Ingliston Events Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC393621 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

INGLISTON EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

P F Fraser

REGISTERED OFFICE:

16 Royal Terrace

Glasgow

G3 7NY

REGISTERED NUMBER:

SC393621 (Scotland)

ACCOUNTANTS:

Davidson & Workman

16 Royal Terrace

Glasgow

G3 7NY

BANKERS:

Handelsbanken

Suite A

3rd Floor

133 Finnieston Street

Glasgow

G3 8HB

FIXED ASSETS

Tangible assets

3

117,940

-

Investments

4

560,545

1,216,351

678,485

1,216,351

CURRENT ASSETS

Debtors

5

374,220

193,004

Cash at bank

407,786

940

782,006

193,944

CREDITORS

Amounts falling due within one year

6

94,497

50,419

NET CURRENT ASSETS

687,509

143,525

TOTAL ASSETS LESS CURRENT LIABILITIES

1,365,994

1,359,876

PROVISIONS FOR LIABILITIES

7

962

-

NET ASSETS

1,365,032

1,359,876

CAPITAL AND RESERVES

Called up share capital

1,282,250

1,282,250

Retained earnings

8

82,782

77,626

SHAREHOLDERS' FUNDS

1,365,032

1,359,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 September 2017 and were signed by:

P F Fraser - Director

1.	STATUTORY INFORMATION

Ingliston Events 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.

Tangible fixed assets

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

Imprvmts to land

-

2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Fixtures

Imprvmts

and

to land

fittings

Totals

£

£

£

COST

Additions

115,439

6,414

121,853

At 31 December 2016

115,439

6,414

121,853

DEPRECIATION

Charge for year

2,309

1,604

3,913

At 31 December 2016

2,309

1,604

3,913

NET BOOK VALUE

At 31 December 2016

113,130

4,810

117,940

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

1,216,351

Disposals

(655,806

)

At 31 December 2016

560,545

NET BOOK VALUE

At 31 December 2016

560,545

At 31 December 2015

1,216,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

-

70,000

Amounts due from associated companies

374,220

123,004

374,220

193,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Tax

904

3,150

Other creditors

45,439

-

Amounts due to associated companies

10,200

10,000

Director's curr accs less 1yr

36,934

34,930

Accrued expenses

1,020

2,339

94,497

50,419

7.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

£

Deferred tax

962

-

Deferred

tax

£

Provided during year

962

Balance at 31 December 2016

962

8.

RESERVES

Retained

earnings

£

At 1 January 2016

77,626

Profit for the year

5,156

At 31 December 2016

82,782

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

P F Fraser

Balance outstanding at start of year

(34,930

)

(40,257

)

Amounts repaid

(2,004

)

5,327

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(36,934

)

(34,930

)

10.	RELATED PARTY DISCLOSURES

The director's loan includes an amount due to the director and controlling shareholder, Mr P Fraser, at 31

December 2016 of £36,934 (31 December 2015 - £34,930).

Amounts due by associated companies includes an amount of £20,168 due by Ingliston Country Club Limited, a

company under common control (31 December 2015 - £20,168).

Amounts due by associated companies includes an amount of £354,052 due by Ingliston Equestrian Centre

Limited, (31 December 2015 - £102,836).

Amounts due to associated companies includes an amount of £10,000 due to Ingliston Country Club Hotel

Limited, a company under common control (31 December 2015 - £10,000).

Amounts due to associated companies includes an amount of £200 due to Ingliston Lodges Limited, a company

under common control (31 December 2015 - £0).

Included in other creditors is £45,439 due to Fraser Family Limited Partnership, a limited partnership which is

controlled by Mr P Fraser, the director (31 December 2015 - £70,000).

11.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102 (1A). The last financial statements

under previous UK GAAP were for the year ended 31 December 2015 and the date of transition to FRS 102

(1A) was 1 January 2016.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ingliston Events Limited for the year ended 31 December 2016 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Ingliston Events Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ingliston Events Limited and state those matters that we have agreed to state to the director of Ingliston Events Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ingliston Events Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ingliston Events Limited. You consider that Ingliston Events Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ingliston Events Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Davidson & Workman

16 Royal Terrace

Glasgow

G3 7NY

8 September 2017