Clairmont Enterprises Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC173386 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Clairmont Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Inkster

Mrs J Inkster

SECRETARY:

M Inkster

REGISTERED OFFICE:

159 Commercial Street

Lerwick

Shetland

ZE1 0EX

REGISTERED NUMBER:

SC173386 (Scotland)

ACCOUNTANTS:

Kelly Accounting Limited

Chartered Accountants

42 Comrie Street

Crieff

Perthshire

PH7 4AX

FIXED ASSETS

Tangible assets

2

556,921

569,988

CURRENT ASSETS

Debtors

36,120

1,185

Cash at bank

56,045

44,166

92,165

45,351

CREDITORS

Amounts falling due within one year

234,283

260,337

NET CURRENT LIABILITIES

(142,118

)

(214,986

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

414,803

355,002

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

414,801

355,000

SHAREHOLDERS' FUNDS

414,803

355,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 Board of Directors on 29 December 2016 and were signed on
its behalf by:

M Inkster - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rental income received and is recognised at the commencement of the rental

period. All turnover is derived from property management within the United Kingdom.

Tangible fixed assets

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

Land and buildings

-

at variable rates on reducing balance

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

Investment properties

The directors have chosen not to apply the provisions of of the Financial Reporting Standard for

Smaller Entities (effective 2005) in respect of investment properties. This requires interests in land

and buildings held for their investment potential to be included in the balance sheet at open market

value.

Land and buildings are held in accordance with the accounting policy for Tangible fixed assets.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

721,273

Additions

673

At 31 March 2016

721,946

DEPRECIATION

At 1 April 2015

151,285

Charge for year

13,740

At 31 March 2016

165,025

NET BOOK VALUE

At 31 March 2016

556,921

At 31 March 2015

569,988

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary "A"

£1

1

Ordinary "B"

£1

1

2