MCDIARMID_INVESTMENTS_LIM - Accounts

MCDIARMID INVESTMENTS LIMITED - Company Information

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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

Notes to the abbreviated accounts

2 - 3

MCDIARMID INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,497,428

504,784

Current assets

Stocks

157,500

Debtors

45,030

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

(515,128)

(400,314)

155,118

178,505

Capital and reserves

Called up share capital

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 -

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.

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 -

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.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100