Fraser Bruce Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC314500 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Fraser Bruce Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A F Bruce

E F Bruce

J R Bruce

SECRETARY:

Mrs M E Bruce

REGISTERED OFFICE:

Millhall

Stirling

FK7 7LT

REGISTERED NUMBER:

SC314500 (Scotland)

ACCOUNTANTS:

James Gunn

Chartered Accountants

10 Duckburn Business Park

Dunblane

FK15 0EW

FIXED ASSETS

Investment property

2

276,457

276,457

CURRENT ASSETS

Cash at bank

31,656

17,835

CREDITORS

Amounts falling due within one year

298,562

294,994

NET CURRENT LIABILITIES

(266,906

)

(277,159

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,551

(702

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

8,551

(1,702

)

SHAREHOLDERS' FUNDS

9,551

(702

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 10 August 2015 and were signed on its behalf by:

A F Bruce - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention,modified as appropriate to

include the revaluation of land and buildings,and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

No depreciation is provided in respect of investment properties. This treatment conflicts with The Companies

Act that all properties should be depreciated. The directors consider that, because these properties are not held

for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in

order to give a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 February 2014

and 31 January 2015

276,457

NET BOOK VALUE

At 31 January 2015

276,457

At 31 January 2014

276,457

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/15

31/1/14

value:

£

£

1,000

Ordinary

£1

1,000

1,000