Liberty Child Care Property (Elgin) Limi - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC407180 (Scotland)

Liberty Child Care Property (Elgin)

Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E C Robertson

Mrs I Robertson

REGISTERED OFFICE:

51 Mayne Road

Elgin

Morayshire

IV30 1PF

REGISTERED NUMBER:

SC407180 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

EH3 6AT

BANKERS:

Santander

BBAM

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

2

159,342

197,849

CURRENT ASSETS

Debtors

22,963

51,363

Cash at bank

2,562

1,449

25,525

52,812

CREDITORS

Amounts falling due within one year

310,826

312,113

NET CURRENT LIABILITIES

(285,301

)

(259,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(125,959

)

(61,452

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(125,960

)

(61,453

)

SHAREHOLDERS' FUNDS

(125,959

)

(61,452

)

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:

E C Robertson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 rental income. Rent is recognised in accordance with the lease agreement.

Where there are lease incentives such as rent free periods the rent relating to these incentives is

accrued and subsequently released of the full period of the lease agreement.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals applicable to operating leases where substantially all the benefits and risk of ownership

remain with the leaser are charged against profits on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

250,463

Additions

17,949

At 30 September 2014

268,412

DEPRECIATION

At 1 October 2013

52,614

Charge for year

56,456

At 30 September 2014

109,070

NET BOOK VALUE

At 30 September 2014

159,342

At 30 September 2013

197,849

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Liberty Child Care Holdings Limited is regarded by the directors as being the company's ultimate

parent company.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is E C Robertson.

6.	GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the

company will continue to trade in the foreseeable future. In order to do so the company will require

the continued support of its directors. The directors have indicated that they will continue to

support the company.