Smith Rae Developments Limited - Period Ending 2014-07-31

Registration number: SC327385

Smith Rae Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

Smith Rae Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Smith Rae Developments Limited
(Registration number: SC327385)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					133,376			133,376
Current assets
Debtors					1,000			1,000
Cash at bank and in hand					1,452			2,101
					2,452			3,101
Creditors: Amounts falling due within one year					(13,209)			(12,212)
Net current liabilities					(10,757)			(9,111)
Total assets less current liabilities					122,619			124,265
Creditors: Amounts falling due after more than one year					(103,413)			(110,641)
Net assets					19,206			13,624
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					19,106			13,524
Shareholders' funds					19,206			13,624

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 April 2015 and signed on its behalf by:

.........................................
Ms I Smith
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Smith Rae Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents rent received, including value added tax.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		133,376			133,376
At 31 July 2014		133,376			133,376
Depreciation
At 31 July 2014		-			-
Net book value
At 31 July 2014		133,376			133,376
At 31 July 2013		133,376			133,376

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due after more than one year		103,413			110,641

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 2

Smith Rae Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

5	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mr J Rae ( Husband of director ) During the year, the above operated a loan account with the company . At the balance sheet date the amount due to Mr J Rae was £1,848 ( 2013 - £2,435 ) . There are no repayment terms and no interest is due on the balance.

Ms I Smith ( Director ) During the year, the above operated a loan account with the company . At the balance sheet date the amount due to Ms I Smith was £1,848 ( 2013 - £2,435 ) . There are no repayment terms and no interest is due on the balance.

6

Control

The company is controlled by the directors.

Page 3