REGISTERED NUMBER: SC173377 (Scotland)

Financial Statements for the Year Ended 31 March 2018

for

GMR Property (Peterhead) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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 2018 and were signed by:

G A Rennie - Director

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

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.