Thistle Investments Limited - Limited company accounts 18.2
Thistle Investments Limited - Limited company accounts 18.2
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 31 January 2018 |
| for |
| Thistle Investments Limited |
| Thistle Investments Limited (Registered number: SC182443) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Thistle Investments Limited |
| Company Information |
| for the Year Ended 31 January 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12 Allardice Street |
| Stonehaven |
| Aberdeenshire |
| AB39 2BQ |
| Thistle Investments Limited (Registered number: SC182443) |
| Report of the Director |
| for the Year Ended 31 January 2018 |
| The director presents his report with the financial statements of the company for the year ended 31 January 2018. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| Thistle Investments Limited (Registered number: SC182443) |
| Income Statement |
| for the Year Ended 31 January 2018 |
| 31.1.18 | 31.1.17 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING LOSS | ( |
) | ( |
) |
| Interest payable and similar expenses |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| Thistle Investments Limited (Registered number: SC182443) |
| Balance Sheet |
| 31 January 2018 |
| 31.1.18 | 31.1.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 | ( |
) | ( |
) |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the director on |
| Thistle Investments Limited (Registered number: SC182443) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2018 |
| 1. | STATUTORY INFORMATION |
| Thistle Investments 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| 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. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2017 |
| and 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| Thistle Investments Limited (Registered number: SC182443) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 3. | INVESTMENT PROPERTY - continued |
| Fair value at 31 January 2018 is represented by: |
| £ |
| Valuation in 2010 | 6,046,015 |
| Valuation in 2011 | (1,378,627 | ) |
| Valuation in 2012 | 2,000 |
| Valuation in 2015 | (2,094,388 | ) |
| Valuation in 2016 | (1,075,000 | ) |
| Valuation in 2017 | (500,000 | ) |
| 1,000,000 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security | ( |
) |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Bank loans |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.1.18 | 31.1.17 |
| £ | £ |
| Bank loans |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 February 2017 |
| and 31 January 2018 | ( |
) |