| CLOAN HATCHERIES LTD |
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| Directors Report |
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| for the Period Ended 31 December 2016 |
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| The directors present their report with the financial statements of the company for the |
| period ended 31 December 2016 |
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| Principal activities |
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| The principal activity of the company in the period under review was |
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| Fish Farming and the rental and subsequent operation of Frandy Fishery. |
| Directors |
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| The director(s) shown below have held office during the whole of the period |
| R W Haldane, MBE |
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| A J W Campbell, OBE |
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| A G R Haldane |
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| P H Rutkowski |
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| P C M Irons |
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| Small Company Provisions |
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| These accounts have been prepared in accordance with the provisions applicable to |
| companies subject to the small companies regime. |
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| This report was approved by the board of directors on |
2017-09-08 |
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| and signed on behalf of the board by |
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| Name |
R W Haldane, MBE |
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| Status |
Director |
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Page 4 |
| CLOAN HATCHERIES LTD |
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| Accountants' Report |
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| for the Period Ended 31 December 2016 |
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| Independent accountants' report |
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| Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 December 2016. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 December 2016 as set out on pages 3 to 13 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the |
| accounts of the company and state those matters that we have agreed to state to the Board of Directors |
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| of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or |
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| assume responsibility to anyone other than the company and its Board of Directors as a body for our |
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| work or for this report. |
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| It is your duty to ensure the company has kept adequate accounting records and to prepare statutory |
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| accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of |
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| the company. You consider the company is exempt from the statutory audit requirement for the |
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| period. |
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| We have not been instructed to carry out an audit of the financial statements. For this reason, we |
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| have not verified the accuracy or completeness of the accounting records or information and |
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| explanations you have given to us and we do not, therefore, express any opinion on the financial |
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| statements. |
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| Accountancy Services (Auchterarder) Ltd |
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| Abbeybank |
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| Abbey Road |
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| Auchterarder |
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| PH3 1DN |
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| Date |
2017-09-22 |
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Page 5 |
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| CLOAN HATCHERIES LTD |
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| Profit and Loss Account |
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| for the Period Ended 31 December 2016 |
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2016 |
2015 |
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Notes |
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| Turnover |
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2 |
610,271 |
484,103 |
| Cost of sales |
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246,803 |
207,362 |
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| Gross Profit/(Loss) |
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363,468 |
276,741 |
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| Administrative expenses |
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333,850 |
317,657 |
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| Operating costs |
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333,850 |
317,657 |
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| Other operating income |
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97,163 |
89,903 |
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| Total other operating income/(loss) |
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97,163 |
89,903 |
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| Operating Profit/(Loss) |
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126,781 |
48,987 |
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| Interest payable and similar |
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(4,292) |
21,508 |
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| Net Finance income/(Loss) |
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4,292 |
(21,508) |
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| Profit/(Loss) on ordinary activities before taxation |
131,073 |
27,479 |
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| Profit/(Loss) for the financial period after taxation |
131,073 |
27,479 |
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| There were no recognised gains or losses other than the profit/(loss) shown attributable to the |
| shareholders for the period ended 31 December 2016 |
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| The notes form part of these financial statements |
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Page 6 |
| CLOAN HATCHERIES LTD |
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| Balance Sheet |
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| for the Period Ended 31 December 2016 |
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| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| The option not to file the profit and loss account has been taken. |
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| For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. |
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| The members have agreed to the preparation of abridged accounts. |
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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| The financial statements were approved by the Board of Directors on |
2017-09-08 |
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| SIGNED ON BEHALF OF THE BOARD BY |
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| Name |
R W Haldane, MBE |
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| The notes form part of these financial statements |
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Page 8 |
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