Accounts filed on 31-03-2017
Accounts filed on 31-03-2017
Registered number: SC265119 | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
Acrebrae Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
J B Alexander | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC265119 | ||||||||
Acrebrae Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Acrebrae Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | 50,000 | 50,000 | |||||||
Cash at bank and in hand | ||||||||||
167,896 | 161,399 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 240,414 | 237,560 | |||||||
NET CURRENT LIABILITIES | (72,518) | (76,161) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 292,482 | 177,775 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | 2 | 2 | |||||||
Revaluation reserve | , | 111,064 | - | |||||||
Profit and loss account | 181,416 | 177,773 | ||||||||
SHAREHOLDERS' FUNDS | 177,775 | |||||||||
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Acrebrae Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2. TANGIBLE FIXED ASSETS | |||||||||
Investment | |||||||||
Properties | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/04/2016 | 253,936 | 253,936 | |||||||
Revaluation | 111,064 | 111,064 | |||||||
At 31/03/2017 | 365,000 | 365,000 | |||||||
Depreciation | |||||||||
At 31/03/2017 | - | - | |||||||
Net Book Amounts | |||||||||
At 31/03/2017 | |||||||||
At 31/03/2016 | |||||||||
The original cost of the investment properties was £253,936. | |||||||||
No provision for deferred tax has been included on the revaluation of the properties as no tax would arise on the sale of the investment properties at their uplifted valuations due to indexation allowance. | |||||||||
3. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 50,000 | 50,000 | ||||||
50,000 | 50,000 | |||||||
Acrebrae Limited | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 715 | 818 | ||||||
Directors current account | 75,437 | 75,437 | ||||||
Trade creditors | 160,317 | 160,360 | ||||||
Refundable deposits | 945 | 945 | ||||||
Accruals | 3,000 | - | ||||||
240,414 | 237,560 | |||||||
5. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 1 | 1 | ||||
6. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
7. CONTROLLING PARTY | ||||||||
The company is under the control of its director. | ||||||||
8. RELATED PARTY TRANSACTIONS | ||||||||
J B Alexander Director and shareholder | ||||||||
Included in "Other creditors" is an amount of £75,437 (2016 - £75,437) due to Mr J B Alexander. The loan is interest free with no fixed terms of repayment. | ||||||||
Included in "other debtors" is an amount of £50,000 (2016 - £50,000) due from Pinecross Limited. Mr J B Alexander is a director of Pinecross Limited. The loan is interest free with no fixed terms of repayment. | ||||||||