Caladero Scotland Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC315033 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CALADERO SCOTLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Faulkner

M J R Garrocho

D R Infantes

REGISTERED OFFICE:

19 Wellington Square

Ayr

KA7 1EZ

REGISTERED NUMBER:

SC315033 (Scotland)

AUDITORS:

McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

21,132

29,684

CURRENT ASSETS

Stocks

77,119

27,627

Debtors

5

132,323

163,930

Cash at bank and in hand

440,569

316,458

650,011

508,015

CREDITORS

Amounts falling due within one year

6

684,024

518,159

NET CURRENT LIABILITIES

(34,013

)

(10,144

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,881

)

19,540

CAPITAL AND RESERVES

Called up share capital

639,058

639,058

Retained earnings

(651,939

)

(619,518

)

SHAREHOLDERS' FUNDS

(12,881

)

19,540

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:

R Faulkner - Director

1.	STATUTORY INFORMATION

Caladero Scotland Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Going concern

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

The directors are satisfied that the parent company will continue to provide support for the foreseeable future.

The financial statements have therefore been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Plant and machinery etc

-

10% on cost, over 5 years and over four and five years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company contributes to employee pension schemes. Contributions payable are charged to the profit and loss

account in the period in which they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

283,916

Additions

4,876

At 31 December 2016

288,792

DEPRECIATION

At 1 January 2016

254,232

Charge for year

13,428

At 31 December 2016

267,660

NET BOOK VALUE

At 31 December 2016

21,132

At 31 December 2015

29,684

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

94,203

131,957

Other debtors

38,120

31,973

132,323

163,930

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

226,806

152,339

Amounts owed to group undertakings

435,973

344,305

Taxation and social security

10,464

8,331

Other creditors

10,781

13,184

684,024

518,159

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)

for and on behalf of McLay, McAlister & McGibbon LLP

8.	OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £58,762 (2015 - £26,699).

9.	RELATED PARTY DISCLOSURES

Sales of £2,903,987 (2015: £2,156,567) were made to the parent company Distribuidora Mariscos Rodriguez

SA. A balance of £435,973 (2015: £344,305) was owed to this company at the balance sheet date and is

included in creditors.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Distribuidora Mariscos Rodriguez SA, a company incorporated in

Spain and having its registered office at Calle Barca S/N, 21810 Palos de la Frontera, Huelva, Spain, which owns

100% of the share capital and is the ultimate controlling party.