SCOTT_PAUL_INVESTMENTS_LI - Accounts

SCOTT PAUL INVESTMENTS LIMITED - Company Information

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Company Registration No. 06527009 (England and Wales)

SCOTT PAUL INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

SCOTT PAUL INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SCOTT PAUL INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

169,187

Current assets

Debtors

Cash at bank and in hand

11,766

7,844

11,816

7,892

Creditors: amounts falling due within one year

(112,037)

(103,813)

Net current liabilities

(100,221)

(95,921)

Total assets less current liabilities

68,966

73,266

Creditors: amounts falling due after more than one year

(53,986)

(62,249)

14,980

11,017

Capital and reserves

Called up share capital

Profit and loss account

14,972

11,009

Shareholders' funds

14,980

11,017

SCOTT PAUL INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 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 31 October 2016

Mr A A Scott-Paul

Mr A C Scott-Paul

Director

Mrs C Scott-Paul

Miss L J Scott-Paul

Director

Mr D Scott-Paul

Director

Company Registration No. 06527009

SCOTT PAUL INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents gross rental income from investment properties. All rents are accounted for when receivable.

1.3

Investment Properties

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.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

169,187

At 31 March 2015

169,187

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £8,091 (2015 - £7,740).

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

19,731

31,288

The aggregate amount of creditors for which security has been given amounted to £53,986 (2015 - £62,249).

SCOTT PAUL INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

8 Ordinary shares of £1 each