United Properties (Scotland) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC202310 (Scotland)

Abbreviated Accounts for the Year Ended 31 December 2014

for

United Properties (Scotland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Ramzan

REGISTERED OFFICE:

11 Newlands Road

Glasgow

Lanarkshire

G43 2JB

REGISTERED NUMBER:

SC202310 (Scotland)

ACCOUNTANTS:

Khokhar McAdam LTD CA

1 Eagle Street

Craighall Business Park

Glasgow

G4 9XA

FIXED ASSETS

Investment property

2

1,309,864

1,253,766

CURRENT ASSETS

Debtors

3

121,785

119,714

CREDITORS

Amounts falling due within one year

4

262,907

207,197

NET CURRENT LIABILITIES

(141,122

)

(87,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,168,742

1,166,283

CREDITORS

Amounts falling due after more than one year

4

301,483

359,227

NET ASSETS

867,259

807,056

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

220,000

220,000

Profit and loss account

647,159

586,956

SHAREHOLDERS' FUNDS

867,259

807,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 and signed by the director on 14 September 2015 and were signed by:

S Ramzan - Director

1.	ACCOUNTING POLICIES

Basis of accounting

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

revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

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 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.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2014

1,253,766

Additions

56,098

At 31 December 2014

1,309,864

NET BOOK VALUE

At 31 December 2014

1,309,864

At 31 December 2013

1,253,766

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 89,714 (31.12.13 - £ 94,714 )

4.

CREDITORS

Creditors include an amount of £ 380,970 (31.12.13 - £ 429,538 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary shares

£1

100

100