Braidbar Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC402216 (Scotland)

BRAIDBAR PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

W P McCallum

Mrs A W McCallum

REGISTERED OFFICE:

505 Mearns Road

Mearnskirk

Glasgow

G77 6RS

REGISTERED NUMBER:

SC402216 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

FIXED ASSETS

Investment property

2

1,040,000

CURRENT ASSETS

Debtors

2,277

6,047

Cash at bank

257,435

217,188

259,712

223,235

CREDITORS

Amounts falling due within one year

913,671

958,464

NET CURRENT LIABILITIES

(653,959

)

(735,229

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

386,041

304,771

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

386,039

304,769

SHAREHOLDERS' FUNDS

386,041

304,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 11 July 2016 and were signed on its behalf by:

W P McCallum - 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 rental income, excluding value added tax.

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.

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable

expectation that the company has adequate resources to continue in operational existence for the foreseeable

future. They continue to believe the going concern basis of accounting appropriate in preparing the annual

financial statements.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

1,040,000

NET BOOK VALUE

At 31 March 2016

1,040,000

At 31 March 2015

1,040,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

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 Braidbar Properties Limited for the year ended 31 March 2016 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 Braidbar Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Braidbar Properties Limited and state those matters that we have agreed to state to the Board of Directors of Braidbar Properties Limited, 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 Braidbar Properties Limited 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 profit of Braidbar Properties Limited. You consider that Braidbar Properties Limited 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 Braidbar Properties Limited. 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.

Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

11 July 2016