C & M Mather Limited - Accounts to registrar (filleted) - small 17.3
C & M Mather Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st March 2017 |
| for |
| C & M Mather Limited |
| C & M Mather Limited (Registered number: SC012172) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| Report of the Accountants | 6 |
| C & M Mather Limited |
| Company Information |
| for the Year Ended 31st March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Dumfries Enterprise Park |
| Heathhall |
| Dumfries |
| DUMFRIESSHIRE |
| DG1 3SJ |
| BANKERS: |
| 68 Whitesands |
| Dumfries |
| Dumfries & Galloway |
| DG1 2PG |
| SOLICITORS: |
| 39 Castle Street |
| Dumfries |
| DG1 1DL |
| C & M Mather Limited (Registered number: SC012172) |
| Balance Sheet |
| 31st March 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 ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| 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. |
| 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 |
| C & M Mather Limited (Registered number: SC012172) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2017 |
| 1. | STATUTORY INFORMATION |
| C & M Mather Limited is a |
| and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises the revenue recognised by the company from rental income during the financial year net of Value Added |
| Taxation. Rental income is accounted for as it falls due irrespective of the date of issue of actual invoices. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment properties are carried at open market values. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in profit or loss. |
| 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. |
| C & M Mather Limited (Registered number: SC012172) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| 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. |
| Trade debtors |
| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of |
| business. |
| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged |
| to customers, including any amounts charged on for third parties. |
| Trade creditors |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from |
| suppliers. |
| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the |
| reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an |
| unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current |
| liabilities. |
| Borrowings |
| Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are |
| subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount |
| due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st April 2016 |
| and 31st March 2017 |
| DEPRECIATION |
| At 1st April 2016 |
| Charge for year |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2016 |
| and 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| C & M Mather Limited (Registered number: SC012172) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2017 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31st March 2017 is represented by: |
| £ |
| Valuation in 2008 | 919,004 |
| Valuation in 2010 | (305,733 | ) |
| Valuation in 2012 | (458,940 | ) |
| Cost | 4,519,529 |
| 4,673,860 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 4,519,529 | 4,519,529 |
| Investment property was valued on an open market basis on 14th September 2012 by Messrs J&E Shepherd, Chartered Surveyors |
| . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st April 2016 |
| and 31st March 2017 |
| C & M Mather Limited |
| Report of the Accountants to the Directors of |
| C & M Mather Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
| Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
| not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2017 set out on pages three to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Dumfries Enterprise Park |
| Heathhall |
| Dumfries |
| DUMFRIESSHIRE |
| DG1 3SJ |