Blanefield Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC033678 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Blanefield Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H Gordon

A Bernard

M Gordon

SECRETARY:

H Gordon

REGISTERED OFFICE:

21 Hunter Street

East Kilbride

Glasgow

G74 4LZ

REGISTERED NUMBER:

SC033678 (Scotland)

ACCOUNTANTS:

Craig Cleland Limited

Chartered Accountants

21 Hunter Street

East Kilbride

Glasgow

G74 4LZ

FIXED ASSETS

Tangible assets

2

1,115,000

Investments

3

16,637

16,374

1,131,637

1,131,374

CURRENT ASSETS

Debtors

3,190

500,695

Cash at bank

70,107

40,658

73,297

541,353

CREDITORS

Amounts falling due within one year

45,917

50,119

NET CURRENT ASSETS

27,380

491,234

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,159,017

1,622,608

CAPITAL AND RESERVES

Called up share capital

4

7,064

10,000

Property investment reserve

1,089,775

Capital redemption reserve

2,936

-

Listed investment reserve

(2,863

)

3,156

Profit and loss account

62,105

519,677

SHAREHOLDERS' FUNDS

1,159,017

1,622,608

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 17 June 2016 and were signed on its behalf by:

A Bernard - 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 January 2015).

Tangible fixed assets

In accordance with SSAP 19, no depreciation is provided in connection with investment properties. This departure from the

requirements of the Companies Act 1985, for all properties to be depreciated, is, in the opinion of the directors, necessary

for the financial statements to give a true and fair view in accordance with applicable accounting standards, as investment

properties are included in the balance sheet at their open market value. Depreciation is only one amongst many factors

reflected in the annual valuation of the properties and accordingly the amount of depreciation which might otherwise have

been charged cannot be separately identified or quantified.

FRSSE effective from June 2002 exempts smaller entities from this policy. The directors use SSAP19 as a guideline for

reporting purposes of the investment properties, with the exception of the annual valuations by directors or valuations

carried out every five years by an external valuer.

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 1 October 2014

and 30 September 2015

1,115,000

NET BOOK VALUE

At 30 September 2015

1,115,000

At 30 September 2014

1,115,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 October 2014

16,374

Additions

19,500

Disposals

(13,218

)

Revaluations

(6,019

)

At 30 September 2015

16,637

NET BOOK VALUE

At 30 September 2015

16,637

At 30 September 2014

16,374

Market value of listed investments at 30 September 2015 - £16,637 (2014 - £16,374)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

7,064

Ordinary

£1

7,064

10,000

(2014 - 10,000 )

5.	RELATED PARTY DISCLOSURES

Susan Morris-Manuel

A loan to the value of £500,000 was made to the previous company secretary in the previous year. The loan was interest

free but subject to a benefit in kind charge.The loan was fully repaid on 16 February 2015.

2015

2014

£

Amount due from related party at the balance sheet date

-

500,000

Minard Development Company Limited

A company in which Mrs Gordon and Mrs Bernard are Directors

2015

2014

£

Amount due to related party at the balance sheet date

28,428

28,800