Accounts filed on 31-03-2017


ACCOUNTS
FOR THE YEAR ENDED 31/03/2017





DIRECTORS
J B Alexander



SECRETARY
J B Alexander


REGISTERED OFFICE
10 Sunnyside
Edinburgh
EH7 5RA


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC265124


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		-


BALANCE SHEET AT 31/03/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		850,000		660,431

CURRENT ASSETS
Debtors	3	71,403		70,467
Cash at bank and in hand		3,515		3,515
		74,918		73,982
CREDITORS: Amounts falling due within one year	4	474,618		500,666
NET CURRENT LIABILITIES			(399,700)		(426,684)
TOTAL ASSETS LESS CURRENT LIABILITIES			450,300		233,747

CAPITAL AND RESERVES

Called up share capital	6		2		2
Revaluation reserve	,7		189,568		-
Profit and loss account			260,730		233,745
SHAREHOLDERS' FUNDS			450,300		233,747

For the year ending 31/03/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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 28/12/2017 and signed on their behalf by



.............................
J B Alexander
Director

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 fair 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.
Revaluation surpluses are recognised in the Statement of Comprehensive Income. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.




2. TANGIBLE FIXED ASSETS

	Investment
	Properties	Total
	£	£
Cost
At 01/04/2016	660,431	660,431
Revaluation	189,569	189,569
At 31/03/2017	850,000	850,000
Depreciation
At 31/03/2017	-	-
Net Book Amounts
At 31/03/2017	850,000	850,000
At 31/03/2016	660,431	660,431
The original cost of the investment properties was £660,431.
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. The director has no plans to sell the investment properties in the foreseeable future.




3. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	71,403	70,467
	71,403	70,467




4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	7,521	2,802
Directors current account	417,084	447,851
Other creditors	50,000	50,000
Accruals	13	13
	474,618	500,666




6. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




8. CONTROLLING PARTY
The company is under the contol of its director, J B Alexander.




9. RELATED PARTY TRANSACTIONS
J B Alexander Director and shareholder
Included in "Other creditors" is an amount of £417,084 (2016 - £447,851) due to Mr J B Alexander. The loan is interest free with no fixed terms of repayment.
Included in "Other creditors" is an amount of £50,000 (2016 - £50,000) due to a company of which Mr J B Alexander is a director. The loan is interest free with no fixed terms of repayment.