SANUS_MOOR_LIMITED - Accounts

SANUS MOOR LIMITED - Company Information

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Company Registration No. SC093032 (Scotland)

SANUS MOOR LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2016

SANUS MOOR LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SANUS MOOR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

213,174

213,232

Current assets

Debtors

32,505

31,067

Cash at bank and in hand

6,001

17,818

38,506

48,885

Creditors: amounts falling due within one year

(13,311)

(12,064)

Net current assets

25,195

36,821

Total assets less current liabilities

238,369

250,053

Capital and reserves

Called up share capital

5,000

Revaluation reserve

108,455

Profit and loss account

124,914

136,598

Shareholders' funds

238,369

250,053

For the financial year ended 30 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 November 2016

Mrs J A Taylor

Director

Company Registration No. SC093032

SANUS MOOR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents rental income receivable on investment properties.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life.

Plant and machinery

- 25% reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. Changes in market value are recognised through the statement of total recognised gains and losses, unless a deficit or its reversal on an individual investment property is expected to be permanent, in which case it is charged or credited to the profit and loss account.

1.4

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax is only recognised on revalued investment properties where at the balance sheet date, the company has entered into a binding agreement to sell the revalued assets and recognised the gains and losses expected to arise on the sale. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.

SANUS MOOR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JANUARY 2016

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 31 January 2015 & at 30 January 2016

213,615

Depreciation

At 31 January 2015

383

Charge for the year

At 30 January 2016

441

Net book value

At 30 January 2016

213,174

At 30 January 2015

213,232

Share capital

2016

2015

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr N A Taylor - Personal expenditure

3.00

12,429

254

380

12,980

Mrs J A Taylor - Personal expenditure

3.00

12,429

254

379

12,980

24,858

508

759

165

25,960

The balances above have no fixed terms of repayment.