Ian Gordon Catering Limited - Accounts to registrar (filleted) - small 17.3
Ian Gordon Catering Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Ian Gordon Catering Limited |
Unaudited Financial Statements |
for the Year Ended 31 July 2017 |
Ian Gordon Catering Limited (Registered number: SC253286) |
Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ian Gordon Catering Limited |
Company Information |
for the Year Ended 31 July 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AS |
BANKERS: |
Edinburgh West End Office |
142-144 Princes Street |
Edinburgh |
EH2 4EQ |
Ian Gordon Catering Limited (Registered number: SC253286) |
Balance Sheet |
31 July 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Ian Gordon Catering Limited (Registered number: SC253286) |
Balance Sheet - continued |
31 July 2017 |
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 on its behalf by: |
Ian Gordon Catering Limited (Registered number: SC253286) |
Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
1. | STATUTORY INFORMATION |
Ian Gordon Catering Limited is a |
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 |
Turnover and revenue recognition |
Turnover represents income from property rental. Revenue is recognised in accordance with the |
terms of the lease agreement. |
Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the |
annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its |
reversal, on an individual investment property is expected to be permanent, in which case it is |
recognised in the profit and loss account for the year. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and |
subsequently measured at their settlement value. |
All loans with related parties are all repayable on demand. |
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. |
Ian Gordon Catering Limited (Registered number: SC253286) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
DEPRECIATION |
At 1 August 2016 |
and 31 July 2017 |
NET BOOK VALUE |
At 31 July 2017 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2016 |
Revaluations | 12,750 |
At 31 July 2017 |
NET BOOK VALUE |
At 31 July 2017 |
At 31 July 2016 |
Fair value at 31 July 2017 is represented by: |
£ |
Valuation in 2015 | 28,870 |
Valuation in 2017 | 12,750 |
Cost | 226,130 |
267,750 |
The investment properties were valued on an open market basis by the director, who is not a |
professional valuer on 31 July 2017. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
Ian Gordon Catering Limited (Registered number: SC253286) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 years |
by instalments | 33,212 | 41,249 |
33,212 | 41,249 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
The bank loans are secured by a floating charge and standard security over the assets of the |
company. |
9. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 August 2016 |
Property revaluation |
At 31 July 2017 |