Kramer Ward Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC216905 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

KRAMER WARD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M T Edwards

C J Hulskramer

SECRETARY:

M T Edwards

REGISTERED OFFICE:

26 Caiystane Avenue

Edinburgh

Lothian

EH10 6SG

REGISTERED NUMBER:

SC216905 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

The Royal Bank of Scotland plc

Edinburgh West End Office

142 - 144 Princes Street

Edinburgh

EH2 4EQ

SOLICITORS:

Macbeth Currie

8 Manor Place

Edinburgh

Lothian

EH3 7DD

FIXED ASSETS

Investment property

3

106,575

106,575

CURRENT ASSETS

Cash at bank

37,034

28,647

CREDITORS

Amounts falling due within one year

4

71,107

64,429

NET CURRENT LIABILITIES

(34,073

)

(35,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,502

70,793

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

5

60,000

60,000

Retained earnings

11,502

9,793

SHAREHOLDERS' FUNDS

72,502

70,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 14 May 2018 and were signed on its behalf by:

M T Edwards - Director

1.	STATUTORY INFORMATION

Kramer Ward Ltd 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is

recognised in the Income Statement. Fair value gains and losses net of deferred tax are transferred to the Fair Value Reserve.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2016

and 31 August 2017

106,575

NET BOOK VALUE

At 31 August 2017

106,575

At 31 August 2016

106,575

The investment property has been valued by the directors on an open market value.

Fair value at 31 August 2017 is represented by:

£

Valuation in 2007

60,000

Cost

46,575

106,575

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

4

3

Other creditors

71,103

64,426

71,107

64,429

5.

RESERVES

Revaluation

reserve

£

At 1 September 2016

and 31 August 2017

60,000