Scotprop Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: SC247681 (Scotland)

SCOTPROP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Ms J Rees

Mr M J S Cockburn

REGISTERED OFFICE:

The Shieling

Eshiels

Peebles

Scottish Borders

EH45 8NA

REGISTERED NUMBER:

SC247681 (Scotland)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Barclays Bank Plc

Worcester 2

Leicester

Leicestershire

LE87 2BB

CURRENT ASSETS

Debtors: amounts falling due after more than one year

3

-

71,372

Cash at bank

1,219

857

1,219

72,229

CREDITORS

Amounts falling due within one year

4

2,289

14,769

NET CURRENT (LIABILITIES)/ASSETS

(1,070

)

57,460

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,070

)

57,460

CREDITORS

Amounts falling due after more than one year

5

67,000

127,070

NET LIABILITIES

(68,070

)

(69,610

)

CAPITAL AND RESERVES

Called up share capital

6

50

50

Capital redemption reserve

45

45

Retained earnings

(68,165

)

(69,705

)

SHAREHOLDERS' FUNDS

(68,070

)

(69,610

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6th September 2016 and were signed on its behalf by:

Mr M J S Cockburn - Director

1.	STATUTORY INFORMATION

Scotprop Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2015

2014

£

£

Amounts owed by participating interests

-

71,372

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Trade creditors

480

480

Amounts owed to participating interests

-

13,857

Taxation and social security

391

-

Other creditors

1,418

432

2,289

14,769

Included within other creditors is a director's current account totalling £987 (2014 - £nil).

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2015

2014

£

£

Amounts owed to participating interests

67,000

127,070

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50

Ordinary

£1

50

50

7.	RELATED PARTY DISCLOSURES

Saxon Partnership

A partnership in which directors have an interest:

2015

2014

£

£

Amount due to related party at the balance sheet date

-

987

Favourites Racing Limited

A company in which the directors have an interest:

2015

2014

£

£

Amount due to related party at the balance sheet date

-

12,760

Propertypark Limited

A company in which the directors have an interest:

2015

2014

£

£

Amount due from related party at the balance sheet date

-

71,372

Ideapark Limited

A company in which the directors have an interest:

2015

2014

£

£

Amount due to related party at the balance sheet date

67,000

117,854

Intellect Business Services Limited

A company in which the directors have an interest:

2015

2014

£

£

Amount due to related party at the balance sheet date

-

110

Number One Park Limited

A company in which the directors have an interest:

2015

2014

£

£

Amount due to related party at the balance sheet date

-

9,216

8.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Scotprop Limited for the year ended 31st December 2015 which comprise the Income statement,

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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Scotprop 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 Scotprop Limited and state those matters that we have agreed to state to the Board of Directors of Scotprop Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Scotprop 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 Scotprop Limited. You consider that Scotprop 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 Scotprop 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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

6th September 2016