J C Roxburgh (Investments) Limited - Period Ending 2016-03-31

Registration number: SC037420

J C Roxburgh (Investments) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Robert J Hart & Company
  Chartered Accountants
  Riversleigh
  9 Kilwinning Road
  Irvine
  Ayrshire
  KA12 8RR

J C Roxburgh (Investments) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

J C Roxburgh (Investments) Limited
(Registration number: SC037420)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			172,889			173,750
Current assets
Cash at bank and in hand					10,976			6,538
Creditors: Amounts falling due within one year					(77,754)			(68,243)
Net current liabilities					(66,778)			(61,705)
Total assets less current liabilities					106,111			112,045
Creditors: Amounts falling due after more than one year					(6,013)			(10,830)
Net assets					100,098			101,215
Capital and reserves
Called up share capital		3			20,000			20,000
Revaluation reserve					3,471			3,471
Profit and loss account					76,627			77,744
Shareholders' funds					100,098			101,215

For the year ending 31 March 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 2 December 2016 and signed on its behalf by:

.........................................
S Roxburgh
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

J C Roxburgh (Investments) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

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, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015)

Turnover

Turnover represents amounts chargeable in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Investment properties	Nil
Plant and equipment	25% reducing balance basis
Office equipment	33% straight line basis

Investment properties

Certain of the company’s properties are held for long term investments. Investment properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company’s investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

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.

Page 2

J C Roxburgh (Investments) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		187,200			187,200
At 31 March 2016		187,200			187,200
Depreciation
At 1 April 2015		13,450			13,450
Charge for the year		861			861
At 31 March 2016		14,311			14,311
Net book value
At 31 March 2016		172,889			172,889
At 31 March 2015		173,750			173,750

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		20,000			20,000			20,000			20,000

4

Control

The company is controlled by the directors.

Page 3