Pitlochry Investments Limited - Accounts to registrar (filleted) - small 18.2

Pitlochry Investments Limited - Accounts to registrar (filleted) - small 18.2

PITLOCHRY INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05742087 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

PITLOCHRY INVESTMENTS LIMITED
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PITLOCHRY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: I A Pearson
A J Guyan





REGISTERED OFFICE: Ground Floor, Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 05742087 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW
Page 1
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 575,000 575,000
575,000 575,000

CURRENT ASSETS
Debtors 5 2,666 1,862
Cash at bank 43,520 32,555
46,186 34,417
CREDITORS
Amounts falling due within one year 6 17,196 15,927
NET CURRENT ASSETS 28,990 18,490
TOTAL ASSETS LESS CURRENT
LIABILITIES
603,990
593,490

CAPITAL AND RESERVES
Called up share capital 7 450,000 450,000
Retained earnings 8 153,990 143,490
SHAREHOLDERS' FUNDS 603,990 593,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 notes form part of these financial statements

Page 2 continued...
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)

BALANCE SHEET - continued
31 MARCH 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 July 2019 and were signed on its behalf by:




I A Pearson - Director



A J Guyan - Director


The notes form part of these financial statements

Page 3
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

Pitlochry Investments Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is derived from rents due on the company's investment property. Income is recognised on a straight
line basis over the term of the lease.

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 - 10% on cost

Investment property
Investment property is measured at fair value. 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 Statement of Income and
Retained Earnings, 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.

Page 4 continued...
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2018
and 31 March 2019 3,402
DEPRECIATION
At 1 April 2018
and 31 March 2019 3,402
NET BOOK VALUE
At 31 March 2019 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018
and 31 March 2019 575,000
NET BOOK VALUE
At 31 March 2019 575,000
At 31 March 2018 575,000

Fair value at 31 March 2019 is represented by:

£   
Valuation in 2019 575,000

If Investment property had not been revalued it would have been included at the following historical cost:

2019 2018
£    £   
Cost 450,000 450,000

Investment property was valued on an open market basis on 31 March 2019 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 2,666 1,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 6,685 5,794
Other creditors 10,511 10,133
17,196 15,927

Page 5 continued...
PITLOCHRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05742087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
450,000 Ordinary £1 450,000 450,000

8. RESERVES

Included within retained earnings is £125,000 of non distributable reserves, which relates to the revaluation of
the investment property to fair value, which under FRS 102 Section 1A is recognised through the profit and loss
account.

9. RELATED PARTY DISCLOSURES

During the year a director made an interest free loan to the company. As at 31 March 2019 the balance
outstanding was £100 (2018: £100).

Page 6