Moidart Capital Limited - Accounts to registrar (filleted) - small 17.3
Moidart Capital Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Moidart Capital Limited |
| Moidart Capital Limited (Registered number: SC351074) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Moidart Capital Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 6 Logie Mill |
| Edinburgh |
| Lothian |
| EH7 4HG |
| Moidart Capital Limited (Registered number: SC351074) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| Moidart Capital Limited (Registered number: SC351074) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Moidart Capital Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered |
| to have been transferred to the buyer. Turnover from the supply of services represents the value of services |
| provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the |
| consideration received or receivable. Other operating income is derived from investment income, which is |
| recognised upon the right to consideration. |
| 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. |
| Financial instruments |
| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of |
| the instrument. |
| All financial assets and liabilities are initially measured at transaction price including transaction costs, except |
| for those financial assets classified as at fair value through profit or loss, which are initially measured at fair |
| value. |
| Financial assets are derecognised when and only when contractual rights to the cash flows from the financial |
| asset expire or are settled or the company transfers to another party substantially all of the risks and rewards of |
| ownership of the financial asset. |
| Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled |
| or expires. |
| Moidart Capital Limited (Registered number: SC351074) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2017 and |
| 31 March 2016: |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 7. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £21,078 (2016 - £12,695) were paid to the director . |
| Moidart Hydro LLP |
| An LLP in which Moidart Capital Limited is a member. |
Movement in the year ended |
Movement in the year ended |
Balance receivable from / (payable to) related party as at |
Balance receivable from / (payable to) related party as at |
| 31.3.17 | 31.3.16 | 31.3.17 | 31.3.16 |
| £ | £ | £ | £ |
| Loan balance | 2,659 | 16,901 | (3,879) | (6,538) |
| Share of Profit | 22,659 | 21,265 | - | - |
| Consultancy fees | 6,000 | 6,000 | - | - |
| Moidart Capital Limited (Registered number: SC351074) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is D Stewart Howitt. |
| 9. | FIRST YEAR ADOPTION |
| Transitional relief |
| These are the first financial statements that comply with FRS 102 (Section 1A). The LTD company transitioned |
| to FRS 102 (Section 1A) on 1st April 2015. |
| No transitional adjustments were required in equity or profit or loss for the year. |