Bo'ness Developments Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC300419 (Scotland)

Abbreviated Accounts for the Year Ended 30 April 2013

for

Bo'ness Developments Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTOR:

J B Gault

SECRETARY:

J B Gault

REGISTERED OFFICE:

c/o Mitchells Robertson

George House

36 North Hanover Street

Glasgow

Lanarkshire

G1 2AD

REGISTERED NUMBER:

SC300419 (Scotland)

CURRENT ASSETS

Development in progress

2,032,346

2,031,837

Debtors

2

2

2,032,348

2,031,839

CREDITORS

Amounts falling due within one year

2

2,016,107

2,031,736

NET CURRENT ASSETS

16,241

103

TOTAL ASSETS LESS CURRENT LIABILITIES

16,241

103

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

16,239

101

SHAREHOLDERS' FUNDS

16,241

103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2013 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 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 director on 10 December 2013 and were signed by:

J B Gault - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors consider that the going concern basis of preparation is appropriate as the company is meeting its

debts as they fall due and has the support of both the directors and the company's bankers.

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).

Developments in progress

Development work in progress is stated at the lower of cost and net realisable value. Cost is based on the cost of

the land and the costs incurred to date including any demolition, site clearance and site preparation costs together

with related professional fees. During the recession where NRV can be lower than cost, any excess interest is

being charged to the Profit and Loss account.

2.

CREDITORS

Creditors include an amount of £ 1,901,500 (30.4.12 - £ 1,919,500 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.13

30.4.12

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

5.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bo'ness Developments Ltd for the year ended 30 April 2013 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other

professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Bo'ness Developments Ltd in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of Bo'ness Developments Ltd and

state those matters that we have agreed to state to the director of Bo'ness Developments Ltd in this report in accordance

with the requirements of the Institute of Chartered Accountants of Scotland as detailed at

http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bo'ness Developments Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bo'ness

Developments Ltd. You consider that Bo'ness Developments Ltd is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Bo'ness Developments Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

10 December 2013