Grand Thistle Homes Ltd


Acorah Software Products - Accounts Production 6.1.031 false No description of principal activity Lynsey Melville true 1 February 2016 31 January 2017 31 January 2017 SC381861 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC381861 2016-01-31 SC381861 2017-01-31 SC381861 2016-02-01 2017-01-31 SC381861 frs-core:CurrentFinancialInstruments 2017-01-31 SC381861 frs-core:CurrentFinancialInstruments 2016-02-01 2017-01-31 SC381861 frs-core:Non-currentFinancialInstruments 2017-01-31 SC381861 frs-core:Non-currentFinancialInstruments 2016-02-01 2017-01-31 SC381861 frs-core:CurrentFinancialInstruments 2016-02-01 2017-01-31 SC381861 frs-core:CurrentFinancialInstruments 2017-01-31 SC381861 frs-core:AfterOneYear 2016-02-01 2017-01-31 SC381861 frs-core:BetweenOneFiveYears 2016-02-01 2017-01-31 SC381861 frs-core:BetweenOneFiveYears 2017-01-31 SC381861 frs-core:ComputerEquipment 2017-01-31 SC381861 frs-core:ComputerEquipment 2016-02-01 2017-01-31 SC381861 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Registered number: SC381861
Grand Thistle Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2017
Key Professional Partnership Ltd

Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Balance Sheet
Registered number: SC381861
31 January 2017 Period to 31 January 2016
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,894,784 1,937,328
Cash at bank and in hand 100 100
2,894,884 1,937,428
Creditors: Amounts Falling Due Within One Year 5 (1,074,233 ) (1,000,233 )
NET CURRENT ASSETS (LIABILITIES) 1,820,651 937,195
TOTAL ASSETS LESS CURRENT LIABILITIES 1,820,651 937,195
Creditors: Amounts Falling Due After More Than One Year 6 (1,820,551 ) (937,095 )
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
SHAREHOLDERS' FUNDS 100 100
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
Ms Lynsey Melville
15/12/2017
Page 1

The notes on pages 4 to 5 form part of these financial statements.
Page 2
Statement of Changes in Equity
Share Capital
£
As at 1 August 2014 100
As at 31 January 2016 and 1 February 2016 100
As at 31 January 2017 100
Page 3
Notes to the Unaudited Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average number of employees
Average number of employees, including directors, during the year was as follows:
4. Stocks
31 January 2017 Period to 31 January 2016
£ £
Stock - work in progress 2,894,784 1,937,328
2,894,784 1,937,328
5. Creditors: Amounts Falling Due Within One Year
31 January 2017 Period to 31 January 2016
£ £
Other creditors 113,913 39,913
Director's loan account 960,320 960,320
1,074,233 1,000,233
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2017 Period to 31 January 2016
£ £
Bank loans 1,820,551 937,095
Page 4
7. Share Capital
Value Number 31 January 2017 Period to 31 January 2016
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 100 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Lynsey Melville by virtue of his ownership of 100% of the issued share capital in the company.
9. General Information
Grand Thistle Homes Ltd Registered number SC381861 is a limited by shares company incorporated in Scotland. The Registered Office is Suite 4f Ingram House, 227 Ingram Street, Glasgow, G1 1DA.
Page 5