Rodger Morrison Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC158530 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Rodger Morrison Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Morrison

Mrs I Morrison

REGISTERED OFFICE:

30a Newton Road

St Fergus

Peterhead

Aberdeenshire

AB42 3DD

REGISTERED NUMBER:

SC158530 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

SOLICITORS:

Gray & Gray

8-10 Queen Street

Peterhead

Aberdeenshire

AB42 1TS

FIXED ASSETS

Tangible assets

4

21,363

21,363

Investments

5

29,193

29,193

Investment property

6

331,210

607,036

381,766

657,592

CURRENT ASSETS

Debtors

7

158,670

110,911

CREDITORS

Amounts falling due within one year

8

326,832

527,124

NET CURRENT LIABILITIES

(168,162

)

(416,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

213,604

241,379

CAPITAL AND RESERVES

Called up share capital

296,298

296,298

Retained earnings

(82,694

)

(54,919

)

SHAREHOLDERS' FUNDS

213,604

241,379

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2020 and were signed on its behalf by:

R G Morrison - Director

1.	STATUTORY INFORMATION

Rodger Morrison Holdings 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.

Tangible fixed assets

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

Leasehold property

-

not provided

Furniture rental property

-

15% on cost

Fixtures and fittings

-

15% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Debtors and creditors receivable / payable within one year

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 other administrative costs.

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.

Investment properties

Investment properties are not depreciated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

Fixtures

Leasehold

rental

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 November 2018

and 31 October 2019

21,363

10,217

13,520

45,100

DEPRECIATION

At 1 November 2018

and 31 October 2019

-

10,217

13,520

23,737

NET BOOK VALUE

At 31 October 2019

21,363

-

-

21,363

At 31 October 2018

21,363

-

-

21,363

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2018

and 31 October 2019

29,193

NET BOOK VALUE

At 31 October 2019

29,193

At 31 October 2018

29,193

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2018

607,036

Disposals

(275,826

)

At 31 October 2019

331,210

NET BOOK VALUE

At 31 October 2019

331,210

At 31 October 2018

607,036

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Other debtors

158,670

110,911

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

294,635

269,978

Trade creditors

4,839

5,559

Other creditors

27,358

251,587

326,832

527,124

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.19

31.10.18

£

£

Bank overdrafts

30,635

5,978

Bank loans

264,000

264,000

294,635

269,978

Bank borrowings are secured by means of a standard security over the company's heritable property investments.

10.	RELATED PARTY DISCLOSURES

During the year the company made advances to and received repayments from a number of related companies. They are as follows:

Changeforge Ltd is a company owned 100% by Rodger Morrison. During they year a further loan of £48,459 has been advanced to this company. The balance at the 31st October 2019 was £191,526 (2018 - £143,067)

Cock & Bull Country Inns Ltd is a company owned 100% by Changeforge Ltd. Loans have been advanced to this company. The balance at 31st October 2019 was £18,989 (2018 - £18,989).

Fulmor One Ltd is a company owned 50% by Rodger Morrison. Loans have been received from this company. The balance at the 31st October 2019 was £100,000 (2018 - £100,000)

Fulmor Ltd is a company owned 50% by Rodger Morrison. Loans have been advanced to this company. The balance at the 31st October 2019 was £137,480 (2018 - £137,480)

Davidson Properties Ltd is a 100% subsidiary of Rodger Morrison Holdings Limited. Loans have been received from this company. The balance at 31st October 2019 was £91,128 (2018 - £91,128)

Roger Morrison Catering Ltd is a company owned 99% by Rodger Morrison. Loans have been advanced to this company. The balance at the 31st October 2019 was £943 (2018 - £943)