Ogilvie Ballantine Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC119681 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Ogilvie Ballantine Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D C N Ogilvie FCA

J F R Ballantine

SECRETARY:

M A Ogilvie

REGISTERED OFFICE:

4th Floor Exchange Place

3 Semple Street

Edinburgh

EH3 8BL

REGISTERED NUMBER:

SC119681 (Scotland)

ACCOUNTANTS:

Anderson Ballantine

Chartered Accountants

Tower Mains Studios

18d Liberton Brae

Edinburgh

EH16 6AE

FIXED ASSETS

Intangible assets

3

2,866

3,126

Investment property

4

221,307

220,000

224,173

223,126

CURRENT ASSETS

Debtors

1,881

1,881

Cash at bank

1,657

886

3,538

2,767

CREDITORS

Amounts falling due within one year

9,575

9,575

NET CURRENT LIABILITIES

(6,037

)

(6,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

218,136

216,318

CREDITORS

Amounts falling due after more than one year

79,353

75,667

NET ASSETS

138,783

140,651

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

138,583

140,451

SHAREHOLDERS' FUNDS

138,783

140,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 December 2017 and were signed on its behalf by:

J F R Ballantine - Director

1.	STATUTORY INFORMATION

Ogilvie Ballantine 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 as modified by the revaluation of certain assets.

Intangible fixed assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

The Coat of Arms is being amortised evenly over its estimated useful life of 20 years.

Investment property

On transition to FRS102 the fair value of the investment property has been adopted as cost from 31 March 2016.

The property was sold for the amount now adopted as cost in August 2017 and therefore no valuation is required.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

5,206

AMORTISATION

At 1 April 2016

2,080

Amortisation for year

260

At 31 March 2017

2,340

NET BOOK VALUE

At 31 March 2017

2,866

At 31 March 2016

3,126

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

220,000

Additions

1,307

At 31 March 2017

221,307

NET BOOK VALUE

At 31 March 2017

221,307

At 31 March 2016

220,000

Fair value at 31 March 2017 is represented by:

£

Cost

221,307

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.17

31.3.16

£

£

Cost

144,966

143,659

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loan

27,699

36,514

Charge over heritable property.