Clairmont Enterprises Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC173386 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Clairmont Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Inkster

Mrs J Inkster

SECRETARY:

M Inkster

REGISTERED OFFICE:

159 Commercial Street

Lerwick

Shetland

ZE1 0EX

REGISTERED NUMBER:

SC173386 (Scotland)

ACCOUNTANTS:

Kelly Accounting Limited

Chartered Accountants

42 Comrie Street

Crieff

Perthshire

PH7 4AX

FIXED ASSETS

Tangible assets

2

569,988

588,317

CURRENT ASSETS

Debtors

1,185

1,085

Cash at bank

44,166

15,862

45,351

16,947

CREDITORS

Amounts falling due within one year

260,337

302,888

NET CURRENT LIABILITIES

(214,986

)

(285,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

355,002

302,376

CREDITORS

Amounts falling due after more than one year

-

(1,248

)

PROVISIONS FOR LIABILITIES

-

(961

)

NET ASSETS

355,002

300,167

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

355,000

300,165

SHAREHOLDERS' FUNDS

355,002

300,167

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:

M Inkster - 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 rental income received and is recognised at the commencement of the rental

period. All turnover is derived from property management within the United Kingdom.

Tangible fixed assets

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

Land and buildings

-

at variable rates on reducing balance

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

Investment properties

The directors have chosen not to apply the provisions of of the Financial Reporting Standard for

Smaller Entities (effective 2005) in respect of investment properties. This requires interests in land

and buildings held for their investment potential to be included in the balance sheet at open market

value.

Land and buildings are held in accordance with the accounting policy for Tangible fixed assets.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

726,027

Additions

1,615

Disposals

(6,369

)

At 31 March 2015

721,273

DEPRECIATION

At 1 April 2014

137,710

Charge for year

13,575

At 31 March 2015

151,285

NET BOOK VALUE

At 31 March 2015

569,988

At 31 March 2014

588,317

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary "A"

£1

1

1

1

Ordinary "B"

£1

1

1

2

2