Goldwells Property Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC292747 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMBER 2015

FOR

GOLDWELLS PROPERTY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Addison MA Hons,FCCA

Mrs J L Addison

REGISTERED OFFICE:

37 Broad Street

Peterhead

AB42 1JB

REGISTERED NUMBER:

SC292747 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

37 Broad Street

Peterhead

Aberdeenshire

AB42 1JB

FIXED ASSETS

Tangible assets

2

579,463

579,463

CURRENT ASSETS

Debtors

-

6,600

Cash at bank and in hand

22,020

7,000

22,020

13,600

CREDITORS

Amounts falling due within one year

347,719

348,154

NET CURRENT LIABILITIES

(325,699

)

(334,554

)

TOTAL ASSETS LESS CURRENT LIABILITIES

253,764

244,909

CREDITORS

Amounts falling due after more than one year

61,202

64,259

NET ASSETS

192,562

180,650

CAPITAL AND RESERVES

Called up share capital

3

5

5

Revaluation reserve

114,000

114,000

Profit and loss account

78,557

66,645

SHAREHOLDERS' FUNDS

192,562

180,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 4th March 2016 and were signed on its behalf by:

G Addison MA Hons,FCCA - 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.

Land and buildings

-

not provided

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 OR VALUATION

At 1st December 2014

and 30th November 2015

579,463

NET BOOK VALUE

At 30th November 2015

579,463

At 30th November 2014

579,463

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5

Ordinary

1

5

5