Birchgrove Properties (Glasgow) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC112987 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Birchgrove Properties (Glasgow) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Beresford

Mrs M Beresford

SECRETARY:

J P Beresford

REGISTERED OFFICE:

2 Carment Drive

Shawlands

Glasgow

Lanarkshire

G41 3PP

REGISTERED NUMBER:

SC112987 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Tangible assets

4

1,287

1,608

Investment property

5

675,699

675,699

676,986

677,307

CURRENT ASSETS

Debtors

6

14,632

8,666

Cash at bank

121,841

126,076

136,473

134,742

CREDITORS

Amounts falling due within one year

7

50,483

27,344

NET CURRENT ASSETS

85,990

107,398

TOTAL ASSETS LESS CURRENT LIABILITIES

762,976

784,705

PROVISIONS FOR LIABILITIES

2,596

3,637

NET ASSETS

760,380

781,068

CAPITAL AND RESERVES

Called up share capital

8

90,004

90,004

Other reserves

10,764

10,764

Fair value reserve

146,209

147,147

Retained earnings

513,403

533,153

SHAREHOLDERS' FUNDS

760,380

781,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 3 February 2018 and were signed on its behalf by:

J P Beresford - Director

1.	STATUTORY INFORMATION

Birchgrove Properties (Glasgow) Limited is a private company, limited by shares , registered in

Scotland. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company has transitioned to FRS 102 from previously extant UK GAAP as at 01 October 2016.

The reported financial position and financial performance for the previous period are not affected by

the transition to FRS 102.

Turnover

Turnover represents amounts receivable by the company from rents of properties.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment properties are held at fair value.

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.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2016

and 30 September 2017

21,460

DEPRECIATION

At 1 October 2016

19,852

Charge for year

321

At 30 September 2017

20,173

NET BOOK VALUE

At 30 September 2017

1,287

At 30 September 2016

1,608

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2016

and 30 September 2017

675,699

NET BOOK VALUE

At 30 September 2017

675,699

At 30 September 2016

675,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

14,632

8,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

-

24,862

Other creditors

150

150

Accrued expenses

50,333

2,332

50,483

27,344

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

90,002

Ordinary

£1

90,002

90,002

2

A Ordinary

£1

2

2

90,004

90,004

9.	FIRST YEAR ADOPTION

For all periods up to and including the year ended 30 September 2016, the Company prepared its

financial statements in accordance with previously extant United Kingdom generally accepted

accounting practice (UK GAAP). These financial statements, for the year ended 30 September 2017

are the first year the Company has prepared in accordance with FRS102. The significant accounting

policies in meeting those requirements are described in relevant notes.

In preparing these financial statements, the Company started from an opening balance sheet at the

Company's date of transition to FRS 102, and made those changes in accounting policies and other

restatements required for the first-time adoption of FRS102. There has been no material impact to the

Company's financial position, results or cashflows as a result of restating its financial statements.