Glencoe Developments Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC275144 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

GLENCOE DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Kirkham

J E D Kirkham

REGISTERED OFFICE:

87 High Street

FORT WILLIAM

Inverness-shire

PH33 6DG

REGISTERED NUMBER:

SC275144 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

2

105,830

Investments

3

100

105,930

CURRENT ASSETS

Cash at bank

554

-

CREDITORS

Amounts falling due within one year

4

177,018

108,322

NET CURRENT LIABILITIES

(176,464

)

(108,322

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,534

)

(2,392

)

CAPITAL AND RESERVES

Called up share capital

5

10,004

Share premium

20,000

Profit and loss account

(100,538

)

(32,396

)

SHAREHOLDERS' FUNDS

(70,534

)

(2,392

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 June 2017 and were signed on its behalf by:

D J Kirkham - 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.

Tangible fixed assets

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

Land held for development

-

not provided

No depreciation has been charged on the land owned by the company as, in the opinion of the directors, there has

been no diminution in value.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

105,830

NET BOOK VALUE

At 30 September 2016

105,830

At 30 September 2015

105,830

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

100

NET BOOK VALUE

At 30 September 2016

100

At 30 September 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Glencoe Waverley Limited

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 174,330 (2015 - £ 107,294 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,004

Ordinary

£1

10,004