Balmoor Holdings Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC323946 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016

FOR

BALMOOR HOLDINGS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr J M Donaldson

REGISTERED OFFICE:

Balmoor House

Peterhead

Aberdeenshire

AB42 3BN

REGISTERED NUMBER:

SC323946 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

37 Broad Street

Peterhead

Aberdeenshire

AB42 1JB

FIXED ASSETS

Intangible assets

2

1,600,000

3,000,000

Investments

3

738,894

597,713

2,338,894

3,597,713

CREDITORS

Amounts falling due within one year

1,005,810

2,424,714

NET CURRENT LIABILITIES

(1,005,810

)

(2,424,714

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,333,084

1,172,999

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,333,082

1,172,997

SHAREHOLDERS' FUNDS

1,333,084

1,172,999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 27th March 2017 and were signed by:

Dr J M Donaldson - 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 services, excluding value added tax.

Goodwill

Goodwill has been created from the profits generated by the company's investment in trading dental practices.

The directors believe that these profits shall continue to be generated and have therefore decided not to amortise

the goodwill.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

3,000,000

Disposals

(1,400,000

)

At 30th June 2016

1,600,000

NET BOOK VALUE

At 30th June 2016

1,600,000

At 30th June 2015

3,000,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st July 2015

597,713

Additions

141,181

At 30th June 2016

738,894

NET BOOK VALUE

At 30th June 2016

738,894

At 30th June 2015

597,713

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2