J C Roxburgh (Investments) Limited - Period Ending 2014-03-31

Registration number: SC037420

J C Roxburgh (Investments) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Robert J Hart & Company
  Chartered Accountants
  Riversleigh
  9 Kilwinning Road
  Irvine
  Ayrshire
  KA12 8RR

J C Roxburgh (Investments) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

J C Roxburgh (Investments) Limited
(Registration number: SC037420)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			175,201			172,205
Current assets
Debtors					659			7,206
Cash at bank and in hand					2,296			3,442
					2,955			10,648
Creditors: Amounts falling due within one year					(48,091)			(47,850)
Net current liabilities					(45,136)			(37,202)
Total assets less current liabilities					130,065			135,003
Creditors: Amounts falling due after more than one year					(28,314)			(33,033)
Net assets					101,751			101,970
Capital and reserves
Called up share capital		3			20,000			20,000
Revaluation reserve					3,471			3,471
Profit and loss account					78,280			78,499
Shareholders' funds					101,751			101,970

For the year ending 31 March 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 8 December 2014 and signed on its behalf by:

.........................................
J C Roxburgh
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

J C Roxburgh (Investments) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

Turnover

Turnover represents amounts chargeable in respect of the provision of services to customers.

Fixed asset investments

All fixed assets are initially recorded at cost. The company's freehold properties were previously valued on the basis of open market value for existing use. On adoption of FRS 15, the company has followed the transitional arrangements to retain the book value, but not to adopt a policy of revaluation in the future. These values are retained subject to the requirements to assess for impairment in accordance with FRS 11.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% reducing balance basis
Office equipment	33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		182,371			182,371
Additions		4,829			4,829
At 31 March 2014		187,200			187,200
Depreciation
At 1 April 2013		10,166			10,166
Charge for the year		1,833			1,833
At 31 March 2014		11,999			11,999
Net book value
At 31 March 2014		175,201			175,201
At 31 March 2013		172,205			172,205

Page 2

J C Roxburgh (Investments) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		20,000			20,000			20,000			20,000

4

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 3