Complementary Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC136112 (Scotland)

Abbreviated Accounts For The Year Ended 30 June 2016

for

Complementary Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R L McKerrow

SECRETARY:

R L McKerrow

REGISTERED OFFICE:

Centre for Complementary Therapies

Maslin House

Kinmylies Way

Inverness

IV3 8TP

REGISTERED NUMBER:

SC136112 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

2

75,276

79,075

CURRENT ASSETS

Cash at bank and in hand

2,719

3,658

CREDITORS

Amounts falling due within one year

3

13,900

14,912

NET CURRENT LIABILITIES

(11,181

)

(11,254

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

64,095

67,821

CREDITORS

Amounts falling due after more than one
year

3

19,211

26,967

NET ASSETS

44,884

40,854

CAPITAL AND RESERVES

Called up share capital

4

3,000

Capital redemption reserve

2,000

Profit and loss account

39,884

35,854

SHAREHOLDERS' FUNDS

44,884

40,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 29 March 2017 and were signed by:

R L McKerrow - 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 from the supply of services represents the value of services provided under contracts to the extent that

there is a right to consideration and is recorded at the value of the consideration due.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

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 where transactions or events that result in an obligation to pay more tax in the future, or a right to pay

less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the

Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of

gains or losses in tax assessments in periods different from those in which they are recognised in the financial

statements. Deferred tax assets are recognised to the extent they are recoverable and where future taxable profits

are anticipated.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

154,366

DEPRECIATION

At 1 July 2015

75,291

Charge for year

3,799

At 30 June 2016

79,090

NET BOOK VALUE

At 30 June 2016

75,276

At 30 June 2015

79,075

3.

CREDITORS

Creditors include an amount of £ 28,355 (2015 - £ 36,111 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3,000

Ordinary shares

£1

3,000