Ingliston Events Limited - Accounts to registrar (filleted) - small 18.1
Ingliston Events Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| FOR |
| INGLISTON EVENTS LIMITED |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| INGLISTON EVENTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16 Royal Terrace |
| Glasgow |
| G3 7NY |
| BANKERS: |
| Suite A |
| 3rd Floor |
| 133 Finnieston Street |
| Glasgow |
| G3 8HB |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| BALANCE SHEET |
| 31 December 2017 |
| 31.12.17 | 31.12.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 9 |
| 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. |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| BALANCE SHEET - continued |
| 31 December 2017 |
| 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 |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| Ingliston Events Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Improvements to Land - 2% Reducing Balance |
| Fixtures & Fittings - 25% Reducing Balance |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2016 - NIL). |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Imprvmts | and |
| to land | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2017 |
| and 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Deferred tax | 721 | 962 |
| INGLISTON EVENTS LIMITED (REGISTERED NUMBER: SC393621) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2017 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2017 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 December 2017 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2017 |
| Deficit for the year | ( |
) |
| At 31 December 2017 |
| 10. | RELATED PARTY DISCLOSURES |
| The director's loan includes an amount due to the director and controlling shareholder, Mr P Fraser, at 31 |
| December 2017 of £36,933.80 (2016: £36,933.80). This amount is interest free and has no fixed repayment date. |
| Amounts due by associated companies includes an amount of £635,826.49 due by Ingliston Equestrian Centre |
| Limited, a company under common control (31 December 2016 - £354,051.83). |
| Amounts due to associated companies includes an amount of £10,000 due to Ingliston Country Club Hotel |
| Limited, a company under common control (31 December 2016 - £10,000). |
| Amounts due to associated companies includes an amount of £700 due to Ingliston Lodges Limited, a company |
| under common control (31 December 2016 - £200) |
| Amounts due by associated companies includes an amount of £18,539.08 due by Ingliston Country Club Limited, |
| a company under common control (31 December 2016 - £20,168.08). |
| Included in other creditors is £62,024.71 due to Fraser Family Limited Partnership, a limited partnership which |
| is controlled by Mr P Fraser, the director (31 December 2016 - £45,439.03) |