GMR Property (Peterhead) Ltd - Accounts to registrar (filleted) - small 18.1

GMR Property (Peterhead) Ltd - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: SC173377(Scotland)















Financial Statements for the Year Ended 31 March 2018

for

GMR Property (Peterhead) Ltd

GMR Property (Peterhead) Ltd (Registered number: SC173377)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GMR Property (Peterhead) Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: G A Rennie





REGISTERED OFFICE: Dunit
Station Terrace
Longside
Peterhead
Aberdeenshire
AB42 4UE





REGISTERED NUMBER: SC173377(Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

GMR Property (Peterhead) Ltd (Registered number: SC173377)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 28,190 32,050

CURRENT ASSETS
Debtors 4 200,918 191,917
Cash at bank 17,562 9,814
218,480 201,731
CREDITORS
Amounts falling due within one year 5 54,044 54,247
NET CURRENT ASSETS 164,436 147,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,626

179,534

PROVISIONS FOR LIABILITIES - 6,410
NET ASSETS 192,626 173,124

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 192,624 173,122
SHAREHOLDERS' FUNDS 192,626 173,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 July 2018and were signed by:




G A Rennie- Director


GMR Property (Peterhead) Ltd (Registered number: SC173377)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

GMR Property (Peterhead) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 96,500 7,000 103,500
DEPRECIATION
At 1 April 2017 64,450 7,000 71,450
Charge for year 3,860 - 3,860
At 31 March 2018 68,310 7,000 75,310
NET BOOK VALUE
At 31 March 2018 28,190 - 28,190
At 31 March 2017 32,050 - 32,050

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors 200,918 191,917

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 3,975 4,178
Other creditors 50,069 50,069
54,044 54,247

GMR Property (Peterhead) Ltd (Registered number: SC173377)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. RELATED PARTY DISCLOSURES

During the year the company traded with GMR Seafoods Limited, a company controlled by Gordon and Morag
Rennie. Details of transactions with this company during the year, and of amounts due to or from the companies
ar 31st March are as follows:


2018 2017

Sales to GMR Seafoods Ltd £21,000 £21,000

Balance due by GMR Seafoods Ltd £200,917 £191,917

7. ULTIMATE CONTROLLING PARTY

Gordon A Rennie a director, together with members of his close family, control the company by virtue of a
controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.