B & L Properties (Scotland) Limited - Limited company - abbreviated

REGISTERED NUMBER: SC223904 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

B & L PROPERTIES (SCOTLAND) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S H Littlejohn

Mrs C E Cameron

SECRETARY:

Mrs C E Cameron

REGISTERED OFFICE:

Macfarlane Gray House

Castlecraig Business Park

Springbank Road

Stirling

FK7 7WT

REGISTERED NUMBER:

SC223904 (Scotland)

ACCOUNTANTS:

French Duncan LLP

Chartered Accountants

Macfarlane Gray House

Castlecraig Business Park

Springbank Road

Stirling

Stirlingshire

FK7 7WT

FIXED ASSETS

Tangible assets

2

599

893

Investments

3

117,500

Investment property

4

3,464,005

3,582,104

3,582,398

CURRENT ASSETS

Debtors

73,167

73,270

CREDITORS

Amounts falling due within one year

5

(1,173,620

)

(1,107,190

)

NET CURRENT LIABILITIES

(1,100,453

)

(1,033,920

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,481,651

2,548,478

CREDITORS

Amounts falling due after more than one
year

5

(460,493

)

(681,544

)

NET ASSETS

2,021,158

1,866,934

CAPITAL AND RESERVES

Called up share capital

6

2

Revaluation reserve

1,009,428

Profit and loss account

1,011,728

857,504

SHAREHOLDERS' FUNDS

2,021,158

1,866,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 December 2015 and were signed on its behalf
by:

Mr S H Littlejohn - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

Deferred tax

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

sheet date.

Foreign currencies

Non-monetary assets are translated into sterling at the rates of exchange ruling at the transaction date. Monetary

assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at an average rate of exchange

for the year. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

35,738

DEPRECIATION

At 1 April 2014

34,845

Charge for year

294

At 31 March 2015

35,139

NET BOOK VALUE

At 31 March 2015

599

At 31 March 2014

893

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

117,500

NET BOOK VALUE

At 31 March 2015

117,500

At 31 March 2014

117,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Church Street Investments (Inverness) Limited

Nature of business: Develop and sell real estate

%

Class of shares:

holding

Ordinary

50.00

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

3,464,005

NET BOOK VALUE

At 31 March 2015

3,464,005

At 31 March 2014

3,464,005

5.

CREDITORS

Creditors include an amount of £ 816,790 (2014 - £ 1,042,932 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

B & L Properties (Scotland) Limited - Limited company - abbreviated - 11.9

B & L Properties (Scotland) Limited - Limited company - abbreviated - 11.9