Moorbrock Estate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC124137 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30th April 2016

for

Moorbrock Estate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Enggaard

SECRETARY:

S Enggaard

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

REGISTERED NUMBER:

SC124137 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

2

1,272,564

1,229,337

CURRENT ASSETS

Stocks

23,000

24,550

Debtors

52,200

128,023

Cash at bank

88,075

38,999

163,275

191,572

CREDITORS

Amounts falling due within one year

(430,470

)

(382,137

)

NET CURRENT LIABILITIES

(267,195

)

(190,565

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,369

1,038,772

CREDITORS

Amounts falling due after more than one year

(36,701

)

(36,701

)

NET ASSETS

968,668

1,002,071

CAPITAL AND RESERVES

Called up share capital

3

1,698,000

Profit and loss account

(729,332

)

(695,929

)

SHAREHOLDERS' FUNDS

968,668

1,002,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30th January 2017 and were signed by:

S Enggaard - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is not provided for on timing differences that have originated but have not been reversed due to the large

amount of trading losses available for carry forward at the year end.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

1,301,085

Additions

46,857

At 30th April 2016

1,347,942

DEPRECIATION

At 1st May 2015

71,748

Charge for year

3,630

At 30th April 2016

75,378

NET BOOK VALUE

At 30th April 2016

1,272,564

At 30th April 2015

1,229,337

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,698,000

Ordinary shares

£1

1,698,000

4.	ULTIMATE PARENT COMPANY

The ultimate holding company of Moorbrock Estate Limited is S.E. Ejendomme Aalborg A/S, a company incorporated in

Denmark.