Rosscrows Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC357102 (Scotland)

ROSSCROWS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2018 TO 30 JUNE 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Professor R R Hillis

Mrs B M Hillis

SECRETARY:

Mrs B M Hillis

REGISTERED OFFICE:

19 Culduthel Road

Inverness

IV2 4AA

REGISTERED NUMBER:

SC357102 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

Chartered Accountants

Redwood

19 Culduthel Road

Inverness

IV2 4AA

FIXED ASSETS

Tangible assets

3

353,018

342,651

CURRENT ASSETS

Debtors

4

482

-

Cash at bank

3,145

3,356

3,627

3,356

CREDITORS

Amounts falling due within one year

5

2,901

3,873

NET CURRENT ASSETS/(LIABILITIES)

726

(517

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

353,744

342,134

CREDITORS

Amounts falling due after more than one
year

6

267,850

261,000

NET ASSETS

85,894

81,134

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

85,794

81,034

SHAREHOLDERS' FUNDS

85,894

81,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 2 December 2019 and were signed on its
behalf by:

Mrs B M Hillis - Director

1.	STATUTORY INFORMATION

Rosscrows 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

Fundamental accounting concepts

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.

At the balance sheet date the company had net current assets of £726 (2018 - net current liabilities

£517). The directors intend to support the company by means of loans to ensure it can meet its external

liabilities as they fall due and therefore they consider that it is appropriate to prepare the accounts on the

going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents rents received during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furnishings and Equipment

-

10% on cost

No depreciation is provided for on freehold investment property in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

3.	TANGIBLE FIXED ASSETS

Freehold

Furnishings

Investment

and

Property

Equipment

Totals

£

COST

At 1 April 2018

340,356

18,081

358,437

Additions

9,000

3,528

12,528

At 30 June 2019

349,356

21,609

370,965

DEPRECIATION

At 1 April 2018

-

15,786

Charge for period

-

2,161

At 30 June 2019

-

17,947

NET BOOK VALUE

At 30 June 2019

349,356

3,662

353,018

At 31 March 2018

340,356

2,295

342,651

Investment properties are accounted for in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2015). No depreciation is provided in respect of such properties.

Although the Companies Act 1985 would normally require the systematic annual depreciation of fixed

assets it is believed that this policy of not providing depreciation is necessary in order for the financial

statements to give a true and fair view, since the current value of investment properties and changes in

that current value are of prime importance rather than a calculation of systematic annual depreciation.

Depreciation is only one of the many factors reflected in the annual valuation, and the amount which

might otherwise have been shown cannot be separately identified or quantified.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Sundry debtors

482

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

1,108

2,540

Sundry creditors

1,793

1,333

2,901

3,873

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2019

2018

£

Other creditors

267,850

261,000

Rosscrows Limited - Accounts to registrar (filleted) - small 18.2

Rosscrows Limited - Accounts to registrar (filleted) - small 18.2