Cathie Scott Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC442248 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

CATHIE SCOTT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Scott

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC442248 (Scotland)

ACCOUNTANTS:

Henderson Loggie

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

4

4,267

5,200

CURRENT ASSETS

Debtors

5

559

781

Cash at bank

3,192

11,326

3,751

12,107

CREDITORS

Amounts falling due within one year

6

6,821

15,797

NET CURRENT LIABILITIES

(3,070

)

(3,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,197

1,510

PROVISIONS FOR LIABILITIES

7

901

1,040

NET ASSETS

296

470

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

295

469

SHAREHOLDERS' FUNDS

296

470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 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 director on 30 November 2017 and were signed by:

Mrs C Scott - Director

1.	STATUTORY INFORMATION

Cathie Scott Properties 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.

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 invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on a reducing balance basis

Fixtures and fittings

-

20% on a reducing balance basis

Computer equipment

-

20% on a reducing balance basis

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2016

415

4,807

3,651

8,873

Additions

-

136

-

136

At 28 February 2017

415

4,943

3,651

9,009

DEPRECIATION

At 1 March 2016

149

2,295

1,229

3,673

Charge for year

54

530

485

1,069

At 28 February 2017

203

2,825

1,714

4,742

NET BOOK VALUE

At 28 February 2017

212

2,118

1,937

4,267

At 29 February 2016

266

2,512

2,422

5,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

559

781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

1,550

644

Other creditors

5,271

15,153

6,821

15,797

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

901

1,040

Deferred

tax

£

Balance at 1 March 2016

1,040

Provided during year

(139

)

Balance at 28 February 2017

901

8.	FIRST YEAR ADOPTION

The financial statements of Cathie Scott Properties Limited for the period ended 28 February 2017 are the first financial

statements prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of

Ireland. The date of transition to FRS 102 was 1 March 2016. The reported financial position and financial performance for

the previous period have not required any adjustments by the transition to FRS 102.