SPG 53 Clark Street Ltd - Limited company - abbreviated - 11.9
SPG 53 Clark Street Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
SPG 53 CLARK STREET LTD |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2015 |
SPG 53 CLARK STREET LTD (REGISTERED NUMBER: SC436258) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 | to | 5 |
Chartered Accountants' Report | 6 |
SPG 53 CLARK STREET LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BANKERS: |
SPG 53 CLARK STREET LTD (REGISTERED NUMBER: SC436258) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | 1,749,187 | 1,746,098 |
SHAREHOLDERS' FUNDS |
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. |
SPG 53 CLARK STREET LTD (REGISTERED NUMBER: SC436258) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
The financial statements were approved by the Board of Directors on by: |
SPG 53 CLARK STREET LTD (REGISTERED NUMBER: SC436258) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. Consideration is given |
to the point at which income is recognised. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 March 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for period |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 December 2014 |
3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2015 |
Additions |
Disposals | ( |
) |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 December 2014 |
SPG 53 CLARK STREET LTD (REGISTERED NUMBER: SC436258) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 1 JANUARY 2015 TO 31 MARCH 2015 |
4. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2015 | 2014 |
£ | £ |
Repayable by instalments | 158,894 | 185,440 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
6. | ULTIMATE PARENT COMPANY |
The company is a wholly owned subsidiary of Scottish Property Group Limited, company number SC310553 |
registered in Scotland. |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is the director J L McGlynn by virtue of his majority shareholding in the parent |
company. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SPG 53 CLARK STREET LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
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 SPG 53 Clark Street Ltd for the period ended 31 March 2015 which comprise the Income |
Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement 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 Board of Directors of SPG 53 Clark Street Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SPG 53 Clark Street Ltd and state those matters that we have agreed to state to the Board of Directors of SPG 53 Clark Street Ltd, as a body, 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 Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that SPG 53 Clark Street 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 SPG 53 Clark Street Ltd. You consider that SPG 53 Clark Street Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of SPG 53 Clark Street 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. |
Chartered Accountants |
18 December 2015 |