Andstrat (No. 156) Limited Company Accounts

ANDSTRAT (NO. 156) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC236335

Andstrat (No. 156) Limited

Unaudited Financial Statements

For the year ended

30 September 2017

Andstrat (No. 156) Limited

Financial Statements

Year ended 30 September 2017

Contents	Page

Officers and professional advisers	1

Directors' report	2

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	4

Statement of financial position	5

Notes to the financial statements	6

Andstrat (No. 156) Limited

Officers and Professional Advisers

The board of directors	Mr A R Muirhead
	Mr R Whiteford
	Mr R H Clarke
	Mr E McLellan
	Mr R A Coker

Company secretary	AS Company Services Limited

Registered office	1 Rutland Court
	Edinburgh
	Midlothian
	Scotland
	EH3 8EY

Accountants	Stranville John
	Chartered Certified Accountants
	First Floor
	80 High Street
	Johnstone
	Renfrewshire
	PA5 8SP

Andstrat (No. 156) Limited

Directors' Report

Year ended 30 September 2017

The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2017 .

Principal activities

The company is a non-trading company and any ongoing costs are met by the directors personally.

Directors

The directors who served the company during the year were as follows:

Mr A R Muirhead
Mr R Whiteford
Mr R H Clarke
Mr E McLellan
Mr R A Coker	(Appointed 4 September 2017)
Mr I Smith	(Resigned 31 December 2016)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 13 November 2017 and signed on behalf of the board by:

Mr A R Muirhead

Director

Registered office:

1 Rutland Court

Edinburgh

Midlothian

Scotland

EH3 8EY

Andstrat (No. 156) Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Andstrat (No. 156) Limited

Year ended 30 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andstrat (No. 156) Limited for the year ended 30 September 2017, which comprise the statement of financial position 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Andstrat (No. 156) Limited, as a body, in accordance with the terms of our engagement letter dated ***Please fill in the Date of Engagement in field 9 of Client Database > Setup > Action Dates***. Our work has been undertaken solely to prepare for your approval the financial statements of Andstrat (No. 156) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andstrat (No. 156) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Andstrat (No. 156) 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 Andstrat (No. 156) Limited. You consider that Andstrat (No. 156) 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 Andstrat (No. 156) 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.

Stranville John Chartered Certified Accountants

First Floor 80 High Street Johnstone Renfrewshire PA5 8SP

13 November 2017

Andstrat (No. 156) Limited

Statement of Financial Position

30 September 2017

	2017		2016
Note	£	£	£

Fixed assets

Intangible assets	4		24,604	24,604

Creditors: amounts falling due within one year	5	23,604		23,604
		--------		--------
Net current liabilities			23,604	23,604
			--------	--------
Total assets less current liabilities			1,000	1,000
			-------	-------

Capital and reserves

Called up share capital	6	1,000	1,000
		-------	-------
Shareholders funds		1,000	1,000
		-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 September 2017 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 financial statements were approved by the board of directors and authorised for issue on 13 November 2017 , and are signed on behalf of the board by:

Mr A R Muirhead

Director

Company registration number: SC236335

Andstrat (No. 156) Limited

Notes to the Financial Statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 1 Rutland Court, Edinburgh, Midlothian, EH3 8EY, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on a going concern basis, under the historical cost basis, as modified by the revaluation of certain financial assets and liabilities, measured at fair value through profit or loss. The financial statements have been prepared on a going concern basis, under the historical cost basis, as modified by the revaluation of certain financial assets and liabilities, measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors, the company has adequate resources to continue in operational existence for the foreseeable future, with their support.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events, which are believed to be reasonable under the circumstances.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Intangible assets

	Intangible fixed assets
	£

Cost
At 1 October 2016 and 30 September 2017	24,604
	--------
Amortisation
At 1 October 2016 and 30 September 2017	–
	--------
Carrying amount
At 30 September 2017	24,604
	--------
At 30 September 2016	24,604
	--------

The above represents the purchase of fishing rights over 84 years. No amortisation is considered necessary by the directors.

5. Creditors: amounts falling due within one year

	2017	2016
	£	£

Other creditors	23,604	23,604
	--------	--------

6. Called up share capital

Issued, called up and fully paid

2017		2016
No.	£	No.	£

Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

7. Directors' advances, credits and guarantees

As at 30 September 2017, the directors, Mr A R Muirhead , Mr R Whiteford , Mr R Clarke and Mr E McLellan had advanced the total sum of £23,604 (2016 - £23,604) to the company. No interest is charged on these unsecured loans which are repayable on demand.

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

No transitional adjustments were required in equity or profit or loss for the year.