Trymbank Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC330873 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Trymbank Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss S Lang

SECRETARY:

C Traynor

REGISTERED OFFICE:

218 St Vincent Street

Glasgow

G2 5SG

REGISTERED NUMBER:

SC330873 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Tangible assets

2

-

Investment property

3

290,000

CURRENT ASSETS

Debtors

9,516

509

Cash at bank

7,343

2,424

16,859

2,933

CREDITORS

Amounts falling due within one year

500,778

476,195

NET CURRENT LIABILITIES

(483,919

)

(473,262

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(193,919

)

(183,262

)

CREDITORS

Amounts falling due after more than one
year

128,000

69,250

NET LIABILITIES

(321,919

)

(252,512

)

CAPITAL AND RESERVES

Called up share capital

4

138

Revaluation reserve

(124,266

)

(124,266

)

Profit and loss account

(197,791

)

(128,384

)

SHAREHOLDERS' FUNDS

(321,919

)

(252,512

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 August 2017 and were signed by:

Miss S Lang - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in operation for the foreseeable future. The validity of the assumption

depends on the continued support of its associated companies who are the principal creditors. The

director is satisfied at time of approval of the financial statements, that this support will continue for

the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Investment property

The company's investment property is shown at market value in the financial statements with any

surplus over the cost being transferred to a revaluation reserve; where revaluation is less than cost and

is considered to be permanent in nature, the shortfall is firstly adjusted out of the revaluation reserve

and the excess amount charged to the profit and loss account. Where the fall in value is considered to

be temporary, any adjustment is taken to the 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

576

DEPRECIATION

At 1 December 2015

and 30 November 2016

576

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2015

and 30 November 2016

290,000

NET BOOK VALUE

At 30 November 2016

290,000

At 30 November 2015

290,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

74

Ordinary

£1

74

32

B ordinary

£1

32

C ordinary

£1

32

138

5.	RELATED PARTY DISCLOSURES

During the year Management Charges of £0 (2015 £56,265) were payable to Ensco 325 Ltd. £23,963

(2015 £0) were payable to BE Capital Ltd.

At the year end the company owed £101 (2015-£101) to the director, Sally Lang.

At the year end the company owed £307,099 (2015-£330,136) to BE Capital Ltd, £100,474

(2015-£54,974) to Ensco 325 Ltd, and £9,646 (2015- £23,046) to B.E Commercial Ltd. All of these

are related companies.

Also the company are owed £9,000 (2015 £0) from Scope Real Estate Ltd at the year end.

These loans are interest free with no fixed repayment terms.