Deans Property Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC420746 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Deans Property Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

S D Deans

S A Deans

REGISTERED OFFICE:

The Bakery

10 Greenlees Road

Cambuslang

GLASGOW

Strathclyde

G72 8JH

REGISTERED NUMBER:

SC420746 (Scotland)

ACCOUNTANTS:

IDS + Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

FIXED ASSETS

Tangible assets

2

204,224

28,195

CURRENT ASSETS

Debtors

9,877

100

Cash at bank

-

25

9,877

125

CREDITORS

Amounts falling due within one year

3

130,344

29,034

NET CURRENT LIABILITIES

(120,467

)

(28,909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,757

(714

)

CREDITORS

Amounts falling due after more than one year

3

88,344

-

NET LIABILITIES

(4,587

)

(714

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(4,687

)

(814

)

SHAREHOLDERS' FUNDS

(4,587

)

(714

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 December 2014 and were signed on its behalf by:

S D Deans - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has a net deficit on the balance sheet at 31st March 2014. The financial statements have been

prepared on a going concern basis which assumes that the company will continue in operational existence in the

foreseeable future.The directors consider this to be the appropriate basis to use based on their knowledge of the

businesses and as the company is meeting its debts as they fall due.

The validity of this assumption depends upon the directors and associated company, Deans Civil Engineering Ltd

owned by Steven Deans, continuing their support by providing adequate working capital to the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

28,195

Additions

176,029

At 31 March 2014

204,224

NET BOOK VALUE

At 31 March 2014

204,224

At 31 March 2013

28,195

3.

CREDITORS

Creditors include an amount of £ 98,335 for which security has been given.

They also include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

48,381

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Deans Property Limited for the year ended 31 March 2014 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other

professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Deans Property Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deans

Property Limited and state those matters that we have agreed to state to the Board of Directors of Deans Property

Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of

Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our

work or for this report.

It is your duty to ensure that Deans Property Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Deans Property

Limited. You consider that Deans Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deans Property Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

IDS + Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

9 December 2014