MCDIARMID_INVESTMENTS_LIM - Accounts


Company Registration No. 04426222 (England and Wales)
MCDIARMID INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
MCDIARMID INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MCDIARMID INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,497,428
504,784
Current assets
Stocks
157,500
157,500
Debtors
45,030
-
0
Investments
39,997
79,974
Cash at bank and in hand
80,126
711
322,653
238,185
Creditors: amounts falling due within one year
(1,149,835)
(164,150)
Net current (liabilities)/assets
(827,182)
74,035
Total assets less current liabilities
670,246
578,819
Creditors: amounts falling due after more than one year
3
(515,128)
(400,314)
155,118
178,505
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
155,018
178,405
Shareholders' funds
155,118
178,505
For the financial year ended 31 March 2014 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2014
Mrs S McDiarmid
Director
Company Registration No. 04426222
MCDIARMID INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable services ..

1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings freehold
Straight line over 50 years
1.5
Investments
Current asset investments are stated at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
515,305
Additions
993,159
At 31 March 2014
1,508,464
Depreciation
At 1 April 2013
10,521
Charge for the year
515
At 31 March 2014
11,036
Net book value
At 31 March 2014
1,497,428
At 31 March 2013
504,784
MCDIARMID INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
3
Creditors: amounts falling due after more than one year
Total amounts repayable by instalments which are due in more than five years
(515,128)
(400,314)
The aggregate amount of creditors for which security has been given amounted to £515,128 (2013 - £400,314).

The loans are secured by a charge over the assets of the company.

4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100Ordinary shares of £1 each
100
100
2014-03-312013-04-01truetruetruefalsetruetruetmpE8BD.html2014-12-22044262222013-04-012014-03-31044262222014-03-31044262222013-03-31044262222013-03-3104426222uk-bus:CompanySecretaryDirector2013-04-012014-03-3104426222uk-gaap:LandBuildings2013-04-012014-03-3104426222uk-bus:OrdinaryShareClass12013-04-012014-03-3104426222uk-bus:OrdinaryShareClass12014-03-3104426222uk-bus:OrdinaryShareClass12013-03-3104426222uk-curr:PoundSterling2013-04-012014-03-31xbrli:purexbrli:sharesiso4217:GBP