Ganavan Sands Developments Limited - Accounts to registrar

REGISTERED NUMBER: SC332426 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Ganavan Sands Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Silcock

Mrs C M Macgregor

SECRETARY:

S P Silcock

REGISTERED OFFICE:

23-25 Stevenson Street

Oban

Argyll

PA34 5NA

REGISTERED NUMBER:

SC332426 (Scotland)

ACCOUNTANTS:

Jean Ainsley. CA

Ainsley Smith & Co

Chartered Accountants

21 Argyll Square

Oban

Argyll

PA34 4AT

CURRENT ASSETS

125,000

Stocks

125,000

643,110

Debtors

3

449,706

71,059

Cash at bank

69,658

839,169

644,364

CREDITORS

691,286

Amounts falling due within one year

4

516,093

147,883

NET CURRENT ASSETS

128,271

147,883

TOTAL ASSETS LESS CURRENT
LIABILITIES

128,271

CAPITAL AND RESERVES

100

Called up share capital

100

147,783

Retained earnings

128,171

147,883

SHAREHOLDERS' FUNDS

128,271

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 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.

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 Board of Directors on 20 September 2017 and were signed on its behalf
by:

S P Silcock - Director

1.	STATUTORY INFORMATION

Ganavan Sands Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.

DEBTORS

31.12.16

31.12.15

£

Amounts falling due within one year:

Trade debtors

3,437

Other debtors

254,144

360,048

257,581

363,485

31.12.16

31.12.15

£

Amounts falling due after more than one year:

Trade debtors

192,125

279,625

Aggregate amounts

449,706

643,110

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Taxation and social security

-

27,600

Other creditors

516,093

663,686

516,093

691,286

5.	RELATED PARTY DISCLOSURES

Mr Sam Silcock and Mrs C MacGregor are partners in MacGregor Hotels, the balance at the year end was that

MacGregpr Hotels owed Ganavan Sands Ltd £253885 (2015 £201870)

Mrs C MacGregor is a directors of Highland Fasteners Ltd. During previous years Ganavan Sands Ltd has

loaned monies to Highland Fasteners Ltd. The amount outstanding at the year end was nil (2015 £147953).

Ganavan Sands Developments Limited - Accounts to registrar - small 17.2

Ganavan Sands Developments Limited - Accounts to registrar - small 17.2