The Scottish Cashmere Club Limited - Period Ending 2016-06-30

Registration number: SC228008

The Scottish Cashmere Club Limited

Unaudited Abbreviated Accounts

for the Period from 1 January 2015 to 30 June 2016

 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

The Scottish Cashmere Club Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

The Scottish Cashmere Club Limited
(Registration number: SC228008)
at 30 June 2016

		Note			30 June 2016 £			31 December 2014 £
Current assets
Debtors					17			186
Cash at bank and in hand					3,103			5,171
					3,120			5,357
Creditors: Amounts falling due within one year					(715)			(1,104)
Net assets					2,405			4,253
Capital and reserves
Called up share capital		2			53			53
Profit and loss account					2,352			4,200
Shareholders' funds					2,405			4,253

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 August 2016 and signed on its behalf by:

.........................................
W R Charters
Director

.........................................
NAC Bannerman
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

The Scottish Cashmere Club Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2015 to 30 June 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to members.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	30 June 2016						31 December 2014
		No.			£			No.			£
A Ordinary shares of £1 each		12			12			12			12
B Ordinary shares of £1 each		36			36			36			36
Associate shares of £1 each		5			5			5			5
		53			53			53			53

3

Control

The company is controlled by no single member or connected group.

Page 2