Ardoch Property Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC264947 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2019

for

ARDOCH PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P McLaughlin

REGISTERED OFFICE:

Ardoch Farm

Old Glasgow Road

Kilwinning

Ayrshire

KA13 7QJ

REGISTERED NUMBER:

SC264947 (Scotland)

ACCOUNTANTS:

Pecuniae Limited

10 Abercorn Drive

Hamilton

ML3 7EX

CURRENT ASSETS

Stocks

493,427

546,105

Debtors

4

47,770

38,148

Cash at bank

-

1,280

541,197

585,533

CREDITORS

Amounts falling due within one year

5

539,764

422,467

NET CURRENT ASSETS

1,433

163,066

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433

163,066

CREDITORS

Amounts falling due after more than one year

6

-

120,705

NET ASSETS

1,433

42,361

CAPITAL AND RESERVES

Called up share capital

600

600

Fair value reserve

8

-

40,000

Retained earnings

833

1,761

1,433

42,361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 16th December 2019 and were signed by:

P McLaughlin - Director

1.	STATUTORY INFORMATION

Ardoch Property Investments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

47,770

38,148

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

72,004

-

Trade creditors

-

626

Taxation and social security

12,714

-

Other creditors

455,046

421,841

539,764

422,467

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

-

120,705

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

120,705

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

72,004

120,705

The bank loan is secured by a standard security, together with a bond and floating charge over the company's

assets.

8.

RESERVES

Fair

value

reserve

£

At 1st April 2018

40,000

Property revaluation

(40,000

)

At 31st March 2019

-

9.	RELATED PARTY DISCLOSURES