Barrie Keere Properties Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC357821 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

BARRIE KEERE PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Stewart

SECRETARY:

M Stewart

REGISTERED OFFICE:

28 Wemyss Road

Dysart

Kirkcaldy

Fife

KY1 2XZ

REGISTERED NUMBER:

SC357821 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Bank of Scotland

PO BOX 10

Kirkcaldy

KY1 3DH

SOLICITORS:

MacGregor

Solicitors

28 Links Street

Kirkcaldy

Fife

KY1 1QE

FIXED ASSETS

Tangible assets

2

-

1,209

Investment property

3

955,090

911,004

955,090

912,213

CURRENT ASSETS

Debtors

1,844

1,222

Cash at bank

7,518

9,570

9,362

10,792

CREDITORS

Amounts falling due within one year

89,944

116,424

NET CURRENT LIABILITIES

(80,582

)

(105,632

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

874,508

806,581

CREDITORS

Amounts falling due after more than one
year

600,000

NET ASSETS

274,508

206,581

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

196,179

152,093

Profit and loss account

78,229

54,388

SHAREHOLDERS' FUNDS

274,508

206,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 October 2016 and were signed by:

M Stewart - 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).

Turnover

Turnover represents the total of rent receivable by the company for the rental of own property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investment property

No depreciation is provided on the investment property and it is included in the balance sheet at its open market

value. This policy represents a departure from statutory accounting principles, which require depreciation to be

provided on all fixed assets. The director considers that this policy is necessary in order that the accounts give a

true and fair view, because current values are of prime importance rather than the calculation of systematic

annual depreciation.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

7,845

DEPRECIATION

At 1 May 2015

6,636

Charge for year

1,209

At 30 April 2016

7,845

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

1,209

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

911,004

Revaluations

44,086

At 30 April 2016

955,090

NET BOOK VALUE

At 30 April 2016

955,090

At 30 April 2015

911,004

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100