Doonholm Estate Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC466265 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Doonholm Estate Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P N B Kennedy

N J F D Hamilton

REGISTERED OFFICE:

Doonholm House

AYR

Ayrshire

KA6 6BL

REGISTERED NUMBER:

SC466265 (Scotland)

ACCOUNTANTS:

Sinclair Scott Chartered Accountants

3 Wellington Square

Ayr

Ayrshire

KA7 1EN

FIXED ASSETS

Tangible assets

2

12,526

13,667

CURRENT ASSETS

Debtors

1,680

2,902

Cash at bank

15,300

6,592

16,980

9,494

CREDITORS

Amounts falling due within one year

36,308

29,736

NET CURRENT LIABILITIES

(19,328

)

(20,242

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,802

)

(6,575

)

CAPITAL AND RESERVES

Called up share capital

3

8

Profit and loss account

(6,810

)

(6,583

)

SHAREHOLDERS' FUNDS

(6,802

)

(6,575

)

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 23 December 2016 and were signed on its behalf by:

P N B Kennedy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will continue in

operation for the foreseeable future.

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

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of farming

activities supplied during the period, exclusive of Value Added Tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

15,355

DEPRECIATION

At 1 April 2015

1,688

Charge for year

1,141

At 31 March 2016

2,829

NET BOOK VALUE

At 31 March 2016

12,526

At 31 March 2015

13,667

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

8

Ordinary

1

8

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount owed by the company to director P N B Kennedy totalling £33,488 (2015 -

£28,177). This loan were made on an interest free basis with no fixed date of repayment.