Reid & Sons (Property) Limited - Accounts to registrar (filleted) - small 18.1
Reid & Sons (Property) Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
REID & SONS (PROPERTY) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
19 AUGUST 2016 TO 31 AUGUST 2017 |
REID & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 10337014) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 AUGUST 2016 TO 31 AUGUST 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
REID & SONS (PROPERTY) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 19 AUGUST 2016 TO 31 AUGUST 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
REID & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 10337014) |
BALANCE SHEET |
31 AUGUST 2017 |
Notes | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved for issue by the Board of Directors on |
REID & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 10337014) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 AUGUST 2016 TO 31 AUGUST 2017 |
1. | STATUTORY INFORMATION |
Reid & Sons (Property) Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the |
nearest pound. |
The significant accounting policies applied in the presentation of these financial statements are set out below. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit and loss. |
Current tax |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is |
calculated using the tax rates and laws that have been enacted or substantively enacted at 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 period 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. |
Non-derivative financial instruments |
Basic financial instruments are recognised at amortised cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
In the opinion of the directors, who have no formal valuation qualifications, the fair value of the property at the year |
end was the same as its cost. |
REID & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 10337014) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 AUGUST 2016 TO 31 AUGUST 2017 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Corporation tax |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans - 2-5 years |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The above loan is secured by a first legal mortgage over the Investment properties. |