Birnam Securities (Glasgow) Limited - Accounts to registrar (filleted) - small 18.2
Birnam Securities (Glasgow) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Birnam Securities (Glasgow) Limited |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| 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 |
| Birnam Securities (Glasgow) Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Sandyford Place |
| Glasgow |
| G3 7NG |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Balance Sheet - continued |
| 31 March 2019 |
| 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 its behalf by: |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Birnam Securities (Glasgow) Limited is a |
| 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 |
| Turnover |
| Turnover represents rental income and charges. |
| Tangible fixed assets |
| Depreciation is provided at the following rates in order to write off each asset over its estimated |
| useful life. |
| Computer equipment - 15% reducing balance |
| Heritable property - not provided |
| No depreciation is provided on investment properties. In the opinion of the directors the current |
| market value of the properties is consistent with the figure in the financial accounts and will continue |
| to be at similar levels. As such any depreciation charge would be immaterial. |
| Financial instruments |
| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable |
| or payable within one year, are recorded at transaction price. Any losses arising from impairment are |
| recognised in the profit and loss account in administrative expenses. |
| 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. |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Heritable | Computer |
| property | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2018 |
| and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| Cost or valuation at 31 March 2019 is represented by: |
| Heritable | Computer |
| property | equipment | Totals |
| £ | £ | £ |
| Valuation in 2017 | 420,000 | - | 420,000 |
| Cost | - | 4,621 | 4,621 |
| 420,000 | 4,621 | 424,621 |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If investment properties had not been revalued they would have been included at the following |
| historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 115,697 | 115,697 |
| The market values of the investment properties have been arrived at on the basis of a valuation carried |
| out on 31 March 2017 by the directors of the company.The valuation was arrived at by reference to |
| market evidence of transaction prices for similar properties in their location and takes into account the |
| state of the rental market in the areas where the properties are situated. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2018 |
| Charge to Income Statement during year |
| Balance at 31 March 2019 |
| Birnam Securities (Glasgow) Limited (Registered number: SC054366) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 8. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2018 | 322,708 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2019 | 324,122 |
| 9. | ULTIMATE CONTROLLING PARTY |