AAM Associates Limited 31/03/2019 iXBRL
AAM Associates Limited 31/03/2019 iXBRL
Company registration number:
SC206273
Financial statements
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 October 2019
, and are signed on behalf of the board by:
Director
Company registration number:
SC206273
Statement of changes in equity
Year ended 31 March 2019
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2017 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
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At 31 March 2018 and 1 April 2018 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2019 |
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Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Otterburn Park, Edinburgh, EH14 1JX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Investment property
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 April 2018 |
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Additions | 17,697 | 1,046 | - | 18,743 | |
_______ | _______ | _______ | _______ | ||
At 31 March 2019 |
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Depreciation | |||||
At 1 April 2018 | - |
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Charge for the year | - |
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_______ | _______ | _______ | _______ | ||
At 31 March 2019 | - |
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Carrying amount | |||||
At 31 March 2019 |
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At 31 March 2018 |
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Investment property
6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2018 and 31 March 2019 |
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_______ | _______ | ||
Impairment | |||
At 1 April 2018 and 31 March 2019 |
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_______ | _______ | ||
Carrying amount | |||
At 31 March 2019 |
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At 31 March 2018 |
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The market value of the listed investments at 31 March 2019 was £7,478
7.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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8.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Corporation tax |
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- | ||
Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- | - | - | |
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_______ | _______ | _______ | ||
2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- |
(
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- |
(
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_______ | _______ | _______ | ||
10.
Related party transactions