Peterhead Snooker Company Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC084186 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMBER 2015

FOR

PETERHEAD SNOOKER COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I G Devenish

Mrs L M Devenish

REGISTERED OFFICE:

Broad House

Broad Street

Peterhead

Aberdeenshire

AB42 1HY

REGISTERED NUMBER:

SC084186 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

37 Broad Street

Peterhead

Aberdeenshire

AB42 1JB

FIXED ASSETS

Tangible assets

2

245,635

256,208

Investments

3

1

Investment property

4

831,756

1,077,392

1,087,965

CURRENT ASSETS

Debtors

340,524

352,586

CREDITORS

Amounts falling due within one year

302,555

283,493

NET CURRENT ASSETS

37,969

69,093

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,115,361

1,157,058

CREDITORS

Amounts falling due after more than one
year

5

468,414

540,356

NET ASSETS

646,947

616,702

CAPITAL AND RESERVES

Called up share capital

6

5,000

Profit and loss account

641,947

611,702

SHAREHOLDERS' FUNDS

646,947

616,702

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 23rd June 2016 and were signed on its behalf by:

I G Devenish - 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 January 2015).

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

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2014

and 30th November 2015

510,209

DEPRECIATION

At 1st December 2014

254,001

Charge for year

10,573

At 30th November 2015

264,574

NET BOOK VALUE

At 30th November 2015

245,635

At 30th November 2014

256,208

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st December 2014

and 30th November 2015

1

NET BOOK VALUE

At 30th November 2015

1

At 30th November 2014

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Milynn Property Co. Ltd

Nature of business: Property Company

%

Class of shares:

holding

Ordinary

100.00

4.	INVESTMENT PROPERTY

Total

£

COST

At 1st December 2014

and 30th November 2015

831,756

NET BOOK VALUE

At 30th November 2015

831,756

At 30th November 2014

831,756

5.

CREDITORS

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

2015

2014

£

Repayable by instalments

468,414

540,356

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

5,000

Ordinary

1

5,000