Balfour Development Company Ltd - Accounts to registrar - small 17.1.1

Balfour Development Company Ltd - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: SC165990 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Balfour Development Company Ltd

Balfour Development Company Ltd (Registered number: SC165990)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Balfour Development Company Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTORS: A J Lidderdale
R A Lidderdale
R Lidderdale



SECRETARY: A J Lidderdale



REGISTERED OFFICE: Ness Farm
Shapinsay
Orkney
KW17 2EB



REGISTERED NUMBER: SC165990 (Scotland)



ACCOUNTANTS: Orcadia
Chartered Accountants
1 - 3 East Road
Kirkwall
Orkney
KW15 1HZ



BANKERS: Bank of Scotland
56 Albert Street
Kirkwall
Orkney
KW15 1HJ

Balfour Development Company Ltd (Registered number: SC165990)

Balance Sheet
31 March 2017

2016 2017
£    £    Notes £    £   
FIXED ASSETS
44,071 Tangible assets 4 38,083

CURRENT ASSETS
13,580 Stocks 13,580
106 Debtors 5 226
13,686 13,806
CREDITORS
286,277 Amounts falling due within one year 6 295,727
(272,591 ) NET CURRENT LIABILITIES (281,921 )
(228,520 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(243,838

)

CAPITAL AND RESERVES
100 Called up share capital 100
(228,620 ) Retained earnings (243,938 )
(228,520 ) SHAREHOLDERS' FUNDS (243,838 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

Balfour Development Company Ltd (Registered number: SC165990)

Balance Sheet - continued
31 March 2017


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 30 May 2017 and were signed on its
behalf by:





A J Lidderdale - Director


Balfour Development Company Ltd (Registered number: SC165990)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Balfour Development Company Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents income receivable from property rentals.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 April 2016
and 31 March 2017 177,493 129,760 47,733
DEPRECIATION
At 1 April 2016 133,422 88,893 44,529
Charge for year 5,988 5,194 794
At 31 March 2017 139,410 94,087 45,323
NET BOOK VALUE
At 31 March 2017 38,083 35,673 2,410
At 31 March 2016 44,071 40,867 3,204

Balfour Development Company Ltd (Registered number: SC165990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 226 106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 29,897 19,868
Trade creditors 456 583
Other creditors 265,374 265,826
295,727 286,277

Creditors falling due within one year include net loans of £263,283 from the directors.

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 29,897 19,868