Scallop Plant Management Limited - Period Ending 2016-12-31

Registration number: SC492786

Scallop Plant Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

Scallop Plant Management Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Financial Statements	8

Scallop Plant Management Limited

Company Information

Directors

Mrs Sarah Braid Mr Allan MacLean Mr Calum Maclachlainn Mr Shaun Andrew Braid

Registered office

8A Baliscate Ind Est Tobermory Isle of Mull Argyll PA75 6QA

Accountants

Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Page 1

Scallop Plant Management Limited

Directors' Report for the Year Ended 31 December 2016

The directors present their report and the financial statements for the year ended 31 December 2016.

Directors of the company

The directors who held office during the year were as follows:

Mrs Sarah Braid

Mr Allan MacLean

Mr Calum Maclachlainn

Mr Shaun Andrew Braid

Principal activity

The principal activity of the company is scallop plant management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 5 September 2017 and signed on its behalf by:

.........................................
Mr Calum Maclachlainn
Director

Page 2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Scallop Plant Management Limited
for the Year 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 Scallop Plant Management Limited for the year ended 31 December 2016 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Scallop Plant Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Scallop Plant Management Limited and state those matters that we have agreed to state to the Board of Directors of Scallop Plant Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scallop Plant Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scallop Plant Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Scallop Plant Management Limited. You consider that Scallop Plant Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Scallop Plant Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

5 September 2017

Page 3

Scallop Plant Management Limited

Profit and Loss Account for the Year Ended 31 December 2016

	Note	Total 31 December 2016 £	Total 31 December 2015 £
Turnover		-	-
Operating profit/(loss)		-	-
Profit/(loss) before tax		-	-
Profit/(loss) for the financial year		-	-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The notes on page 8 form an integral part of these financial statements.

Page 4

Scallop Plant Management Limited

Statement of Comprehensive Income for the Year Ended 31 December 2016

	Note	2016 £	2015 £
Profit/(loss) for the year		-	-
Total comprehensive income for the year		-	-

The notes on page 8 form an integral part of these financial statements.

Page 5

Scallop Plant Management Limited

(Registration number: SC492786)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Current assets
Cash at bank and in hand		100	100
Capital and reserves
Called up share capital		100	100
Total equity		100	100

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 September 2017 and signed on its behalf by:
 

.........................................

Mr Calum Maclachlainn

Director

The notes on page 8 form an integral part of these financial statements.

Page 6

Scallop Plant Management Limited

Statement of Changes in Equity for the Year Ended 31 December 2016

	Share capital £	Total £
At 1 January 2016	100	100
At 31 December 2016	100	100

	Share capital £	Total £
New share capital subscribed	100	100
At 31 December 2015	100	100

The notes on page 8 form an integral part of these financial statements.

Page 7

Scallop Plant Management Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 8

Scallop Plant Management Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

	Year ended 31 December 2016  £	4 December 2014 to 31 December 2015  £
Turnover (analysed below)	-	-
Operating profit/(loss)	-	-
Profit/(loss) before tax	-	-

This page does not form part of the statutory financial statements.

Page 9

Scallop Plant Management Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

2016 £

2015 £

This page does not form part of the statutory financial statements.

Page 10