Shandon Holdings Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC275736 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

SHANDON HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S R Cleary

B Ogunyemi

SECRETARY:

S R Cleary

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC275736 (Scotland)

FIXED ASSETS

Investment property

2

3,220,000

3,220,000

CURRENT ASSETS

Debtors

3,279

-

Cash in hand

245

720

3,524

720

CREDITORS

Amounts falling due within one year

3

36,221

30,376

NET CURRENT LIABILITIES

(32,697

)

(29,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,187,303

3,190,344

CREDITORS

Amounts falling due after more than one year

3

2,463,976

2,463,976

NET ASSETS

723,327

726,368

CAPITAL AND RESERVES

Called up share capital

4

301

301

Revaluation reserve

999,838

999,838

Profit and loss account

(276,812

)

(273,771

)

SHAREHOLDERS' FUNDS

723,327

726,368

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 29 December 2015 and were signed on its behalf by:

S R Cleary - 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 goods, 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.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

3,220,000

NET BOOK VALUE

At 31 March 2015

3,220,000

At 31 March 2014

3,220,000

3.

CREDITORS

Creditors include an amount of £ 2,466,174 (2014 - £ 2,466,176 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

2,463,976

2,463,976

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

301

Ordinary

£1

301

301