Ghuilbin Properties Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC455083 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

GHUILBIN PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mr G A M Munro

Mr C B Munro

SECRETARY:

Mrs J J Wallace

REGISTERED OFFICE:

Ghuilbin House

123 Grampian Road

Aviemore

Inverness-shire

PH22 1RH

REGISTERED NUMBER:

SC455083 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

65 High Street

Grantown on Spey

Moray

PH26 3EG

CURRENT ASSETS

Debtors

31,328

13,802

Cash at bank and in hand

2,596

41,437

33,924

55,239

CREDITORS

Amounts falling due within one year

19,710

21,577

NET CURRENT ASSETS

14,214

33,662

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,214

33,662

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

14,114

33,562

SHAREHOLDERS' FUNDS

14,214

33,662

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 April 2016 and were signed on its behalf by:

Mr G A M Munro - Director

Mr C B Munro - 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 net invoiced sales of construction services, excluding Value Added Tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

3.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, Mr G A M Munro and Mr C B Munro, by virtue of their 100%

equal ownership of the issued Ordinary Share Capital.

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 three)

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 Ghuilbin Properties Ltd for the year ended 31 July 2015 which comprise the Profit and Loss

Account, the Balance Sheet, 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 Ghuilbin Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 11 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Ghuilbin Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Ghuilbin Properties 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 Ghuilbin Properties 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 loss of Ghuilbin Properties Ltd. You consider that Ghuilbin Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ghuilbin Properties 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.

MacKenzie Kerr Limited

65 High Street

Grantown on Spey

Moray

PH26 3EG

27 April 2016