Kilchoan (2) Limited - Accounts to registrar (filleted) - small 18.2

Kilchoan (2) Limited - Accounts to registrar (filleted) - small 18.2

KILCHOAN (2) LIMITED - Company Information

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REGISTERED NUMBER: SC362582 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

KILCHOAN (2) LIMITED
KILCHOAN (2) LIMITED (REGISTERED NUMBER: SC362582)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KILCHOAN (2) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2018







DIRECTORS: Eric Delwart
Marie Christine Delwart
Martin Delwart





REGISTERED OFFICE: R A Clements
5 Argyll Square
Oban
Argyll
PA34 4AZ





REGISTERED NUMBER: SC362582 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
Oban
Argyll
PA34 4AZ
Page 1
KILCHOAN (2) LIMITED (REGISTERED NUMBER: SC362582)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,000,000 1,000,000

CREDITORS
Amounts falling due within one year 4 456 444
NET CURRENT LIABILITIES (456 ) (444 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
999,544
999,556

CREDITORS
Amounts falling due after more than one
year
5
968,077
967,621
NET ASSETS 31,467 31,935

CAPITAL AND RESERVES
Called up share capital 7 35,500 35,500
Retained earnings (4,033 ) (3,565 )
SHAREHOLDERS' FUNDS 31,467 31,935

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

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

The directors acknowledge their 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 Board of Directors on 28 July 2019 and were signed on its behalf by:





Eric Delwart - Director


The notes form part of these financial statements

Page 2
KILCHOAN (2) LIMITED (REGISTERED NUMBER: SC362582)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2018

1. STATUTORY INFORMATION

Kilchoan (2) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil

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. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2018
and 31 December 2018 1,000,000
NET BOOK VALUE
At 31 December 2018 1,000,000
At 31 December 2017 1,000,000

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Accrued expenses 456 444

Page 3 continued...
KILCHOAN (2) LIMITED (REGISTERED NUMBER: SC362582)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2018

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other loans (see note 6) 968,077 967,621

6. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due between two and five years:
Directors' Loan 968,077 967,621

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
35,500 Ordinary £1 35,500 35,500

Page 4