Blanefield Holdings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC033678 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Blanefield Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Bernard

H Gordon

SECRETARY:

S Morris-Manuel

REGISTERED OFFICE:

21 Hunter Street

East Kilbride

Glasgow

G74 4LZ

REGISTERED NUMBER:

SC033678 (Scotland)

ACCOUNTANTS:

Craig Cleland Limited

Chartered Accountants

21 Hunter Street

East Kilbride

Glasgow

G74 4LZ

FIXED ASSETS

Tangible assets

2

1,115,000

26,186

Investments

3

16,374

13,218

1,131,374

39,404

CURRENT ASSETS

Debtors

500,695

6,579

Cash at bank

40,658

487,647

541,353

494,226

CREDITORS

Amounts falling due within one year

50,119

22,913

NET CURRENT ASSETS

491,234

471,313

TOTAL ASSETS LESS CURRENT LIABILITIES

1,622,608

510,717

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Property investment reserve

1,089,775

-

Listed investment reserve

3,156

-

Profit and loss account

519,677

500,717

SHAREHOLDERS' FUNDS

1,622,608

510,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2015 and were signed on its behalf by:

D Bernard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

In accordance with SSAP 19, no depreciation is provided in connection with investment properties. This departure from the

requirements of the Companies Act 1985, for all properties to be depreciated, is, in the opinion of the directors, necessary

for the financial statements to give a true and fair view in accordance with applicable accounting standards, as investment

properties are included in the balance sheet at their open market value. Depreciation is only one amongst many factors

reflected in the annual valuation of the properties and accordingly the amount of depreciation which might otherwise have

been charged cannot be separately identified or quantified.

FRSSE effective from June 2002 exempts smaller entities from this policy. The directors use SSAP19 as a guideline for

reporting purposes of the investment properties, with the exception of the annual valuations by directors or valuations

carried out every five years by an external valuer.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2013

26,186

Disposals

(961

)

Revaluations

1,089,775

At 30 September 2014

1,115,000

NET BOOK VALUE

At 30 September 2014

1,115,000

At 30 September 2013

26,186

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 October 2013

13,218

Revaluations

3,156

At 30 September 2014

16,374

NET BOOK VALUE

At 30 September 2014

16,374

At 30 September 2013

13,218

Market value of listed investments at 30 September 2014 - £16,374 (2013 - £20,097)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,746 (2013 - £23,492) were paid to the directors .

Susan Morris-Manuel

A loan to the value of £500,000 was made to the company secretary in the year. The loan was interest free but subject to a

benefit in kind charge.The loan was fully repaid on 16 February 2015.

2014

2013

£

£

Amount due from related party at the balance sheet date

500,000

-

Minard Development Company Limited

A company in which Mrs Gordon and Mrs Bernard are Directors

2014

2013

£

£

Amount due to related party at the balance sheet date

28,800

-