Torrance Properties Ltd,Ltd - AccountsLtd - Accounts
Torrance Properties Ltd,Ltd - AccountsLtd - Accounts
Registered Number:SC214021 |
For the year ended 31 December 2016
Scotland
Unaudited Financial Statements
2
For the year ended 31 December 2016
Torrance Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at |
Torrance Properties Ltd
Statement of Financial Position
Registered Number : |
£ |
£ |
2015
2016
Notes |
Fixed assets |
Property, plant and equipment |
2
Current assets |
Trade and other receivables |
3
Cash and cash equivalents |
Trade and other payables: amounts falling due within one |
year |
(69,538 )
(70,643 )
4
(68,742)
(68,657 )
Net current liabilities
Total assets less current liabilities |
Trade and other payables: amounts falling due after more |
than one year |
(204,875 )
(201,875 )
5
Net assets/liabilities
(2,130 )
Capital and reserves |
Called up share capital |
Retained earnings |
(2,132 )
(2,130 )
Shareholders' funds
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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
These financial statements were approved and authorised for issue by the Board on |
The notes form part of these financial statements |
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4
For the year ended 31 December 2016
Torrance Properties Ltd
Notes to the Financial Statements
Statutory Information
Torrance Properties Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC214021. |
Principal place of business: |
60 Cambuslang Road
Farme Cross
Rutherglen
G73 1BQ
Registered address: |
60 Cambuslang Road
Farme Cross
Rutherglen
G73 1BQ
The presentation currency is £ sterling. |
1. Accounting policies |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Land and buildings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
2. Property, plant and equipment |
Land and |
buildings |
£ |
Cost or |
valuation |
At 01 January 2016 |
At 31 December 2016 |
At 31 December 2016 |
Net book value |
At 31 December 2015 |
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5
For the year ended 31 December 2016
Torrance Properties Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2015
2016
£ |
£ |
Other debtors |
The debtors above include the following amounts falling due after more than one year: |
Other debtors |
4. Trade and other payables: amounts falling due within one year |
2015
2016
£ |
£ |
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
Taxation and social security |
Other creditors |
5. Trade and other payables: amounts falling due after more than one year |
2015
2016
£ |
£ |
Other creditors |
6. Directors advances and guarantees |
Repaid
At 01/01/2016 |
At 31/12/2016 |
£ |
£ |
£ |
William Torrance
204,575
204,875
300
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