Cathie Scott Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC442248 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

CATHIE SCOTT PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs C Scott

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC442248 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

5,968

3,528

CURRENT ASSETS

Debtors

903

1,200

Cash at bank

4,786

6,203

5,689

7,403

CREDITORS

Amounts falling due within one year

6,595

9,092

NET CURRENT LIABILITIES

(906

)

(1,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,062

1,839

PROVISIONS FOR LIABILITIES

1,194

-

NET ASSETS

3,868

1,839

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

3,867

1,838

SHAREHOLDERS' FUNDS

3,868

1,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 November 2015 and were signed by:

Mrs C Scott - 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 invoiced sales of services.

Tangible fixed assets

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

Plant and machinery

-

20% on a reducing balance basis

Fixtures and fittings

-

20% on a reducing balance basis

Computer equipment

-

20% on a reducing balance basis

Deferred tax

The tax expense represents the sum of the corporation tax and deferred tax charge for the year.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is

calculated using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is measured on differences between the carrying amounts of assets and liabilities in the accounts

and the corresponding tax bases, as used in the computation of taxable profit. Deferred tax liabilities are

generally recognised for all temporary timing differences that have originated but not reversed by the balance

sheet date and are not recognised as permanent differences. Deferred tax assets are recognised to the extent that

it is probable that taxable profits will be available in the future. Deferred tax is calculated at the average tax

rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on

tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is

charged or credited in the profit and loss account, except when it relates to items charged or credited directly to

equity, in which case the deferred tax is also dealt with in equity.'

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

4,410

Additions

3,932

At 28 February 2015

8,342

DEPRECIATION

At 1 March 2014

882

Charge for year

1,492

At 28 February 2015

2,374

NET BOOK VALUE

At 28 February 2015

5,968

At 28 February 2014

3,528

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1