Caledonia Property Co (West High St) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC479865 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Caledonia Property Co (West High St) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Reid

P Goodman

SECRETARY:

M D Reid

REGISTERED OFFICE:

Chapelshade House

78-84 Bell Street

Dundee

DD1 1HN

REGISTERED NUMBER:

SC479865 (Scotland)

FIXED ASSETS

Investment property

2

383,576

276,021

CURRENT ASSETS

Debtors

28,238

14,266

Cash at bank

167

5,906

28,405

20,172

CREDITORS

Amounts falling due within one year

274,319

299,796

NET CURRENT LIABILITIES

(245,914

)

(279,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,662

(3,603

)

CREDITORS

Amounts falling due after more than one year

3

141,583

-

NET LIABILITIES

(3,921

)

(3,603

)

CAPITAL AND RESERVES

Called up share capital

4

50

50

Profit and loss account

(3,971

)

(3,653

)

SHAREHOLDERS' FUNDS

(3,921

)

(3,603

)

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 3 May 2017 and were signed on its behalf by:

M D Reid - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors confirm that, after making appropriate enquiries, they have reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. For this

reason, the company continues to adopt the going concern basis in preparing these financial statements

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).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve.

Deferred tax

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

balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

276,021

Additions

107,555

At 31 March 2016

383,576

NET BOOK VALUE

At 31 March 2016

383,576

At 31 March 2015

276,021

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

£

Repayable otherwise than by instalments

97,562

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary

£1

50

50

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2016 and the period

ended 31 March 2015:

2016

2015

£

£

P Goodman

Balance outstanding at start of year

25

-

Amounts advanced

-

4,025

Amounts repaid

(25

)

(4,000

)

Balance outstanding at end of year

-

25

M D Reid

Balance outstanding at start of year

25

-

Amounts advanced

-

25

Amounts repaid

(25

)

-

Balance outstanding at end of year

-

25