Ormiston Properties Limited - Accounts to registrar (filleted) - small 18.2

Ormiston Properties Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv18.3.0.592SC045258director1.3.1728.2.1828.2.18falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0452582017-02-28SC0452582018-02-28SC0452582017-03-012018-02-28SC0452582016-02-29SC0452582016-03-012017-02-28SC0452582017-02-28SC045258ns15:Scotland2017-03-012018-02-28SC045258ns14:PoundSterling2017-03-012018-02-28SC045258ns10:Director12017-03-012018-02-28SC045258ns10:PrivateLimitedCompanyLtd2017-03-012018-02-28SC045258ns10:SmallEntities2017-03-012018-02-28SC045258ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-28SC045258ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-28SC045258ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-28SC045258ns10:FullAccounts2017-03-012018-02-28SC045258ns10:CompanySecretary12017-03-012018-02-28SC045258ns10:RegisteredOffice2017-03-012018-02-28SC045258ns5:CurrentFinancialInstruments2018-02-28SC045258ns5:CurrentFinancialInstruments2017-02-28SC045258ns5:ShareCapital2018-02-28SC045258ns5:ShareCapital2017-02-28SC045258ns5:SharePremium2018-02-28SC045258ns5:SharePremium2017-02-28SC045258ns5:RetainedEarningsAccumulatedLosses2018-02-28SC045258ns5:RetainedEarningsAccumulatedLosses2017-02-28SC045258ns5:PlantMachinery2017-03-012018-02-28SC045258ns5:LandBuildings2017-02-28SC045258ns5:PlantMachinery2017-02-28SC045258ns5:LandBuildings2017-03-012018-02-28SC045258ns5:LandBuildings2018-02-28SC045258ns5:PlantMachinery2018-02-28SC045258ns5:LandBuildings2017-02-28SC045258ns5:PlantMachinery2017-02-28SC045258ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-28SC045258ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-28SC045258ns5:RetainedEarningsAccumulatedLosses2017-02-28SC045258ns5:SharePremium2017-02-28SC045258ns5:RetainedEarningsAccumulatedLosses2017-03-012018-02-28


REGISTERED NUMBER: SC045258(Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

ORMISTON PROPERTIES LIMITED

ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORMISTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: Lady L V van den Berg





SECRETARY: D Jackson





REGISTERED OFFICE: c/o Andrew Hamilton & Co
6 Logie Mill
Beaverbank Business Park
Edinburgh
EH7 4HG





REGISTERED NUMBER: SC045258(Scotland)





ACCOUNTANTS: H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plympton
Plymouth
Devon
PL7 5 JX

ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 135,231 253,067

CURRENT ASSETS
Debtors 4 16,362 14,778
Cash at bank 359,548 227,546
375,910 242,324
CREDITORS
Amounts falling due within one year 5 2,064 7,050
NET CURRENT ASSETS 373,846 235,274
TOTAL ASSETS LESS CURRENT LIABILITIES 509,077 488,341

PROVISIONS FOR LIABILITIES 125 131
NET ASSETS 508,952 488,210

CAPITAL AND RESERVES
Called up share capital 220,000 220,000
Share premium 6 45,219 45,219
Retained earnings 6 243,733 222,991
SHAREHOLDERS' FUNDS 508,952 488,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)

BALANCE SHEET - continued
28 FEBRUARY 2018


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 November 2018and were signed by:





Lady L V van den Berg- Director


ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Ormiston Properties Limited 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.
Plant and machinery etc - 15% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2017 248,880 62,829 311,709
Disposals (117,208 ) - (117,208 )
At 28 February 2018 131,672 62,829 194,501
DEPRECIATION
At 1 March 2017 - 58,642 58,642
Charge for year - 628 628
At 28 February 2018 - 59,270 59,270
NET BOOK VALUE
At 28 February 2018 131,672 3,559 135,231
At 28 February 2017 248,880 4,187 253,067

4. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Other debtors 500 500

Amounts falling due after more than one year:
Amounts owed by participating interests 15,862 14,278

Aggregate amounts 16,362 14,778

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security - 3,252
Other creditors 2,064 3,798
2,064 7,050

ORMISTON PROPERTIES LIMITED (REGISTERED NUMBER: SC045258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

6. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2017 222,991 45,219 268,210
Profit for the year 28,742 28,742
Dividends (8,000 ) (8,000 )
At 28 February 2018 243,733 45,219 288,952

The above reserves includes a non-distributable amount of £17,068 arising from revaluation adjustments.

7. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the director Lady L van der Berg, by virtue of her
controlling shareholding in the company.