Lochlane Investments Limited - Accounts to registrar (filleted) - small 18.1

Lochlane Investments Limited - Accounts to registrar (filleted) - small 18.1

LOCHLANE INVESTMENTS LIMITED - Company Information

Print Friendly Version

PTP Accounts Production v18.1.2.31 SC431761 Board of Directors 1.9.16 31.8.17 31.8.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4317612016-08-31SC4317612017-08-31SC4317612016-09-012017-08-31SC4317612015-08-31SC4317612015-09-012016-08-31SC4317612016-08-31SC431761ns15:Scotland2016-09-012017-08-31SC431761ns14:PoundSterling2016-09-012017-08-31SC431761ns10:Director12016-09-012017-08-31SC431761ns10:PrivateLimitedCompanyLtd2016-09-012017-08-31SC431761ns10:SmallEntities2016-09-012017-08-31SC431761ns10:AuditExemptWithAccountantsReport2016-09-012017-08-31SC431761ns10:SmallCompaniesRegimeForDirectorsReport2016-09-012017-08-31SC431761ns10:SmallCompaniesRegimeForAccounts2016-09-012017-08-31SC431761ns10:FullAccounts2016-09-012017-08-31SC431761ns10:Director22016-09-012017-08-31SC431761ns10:RegisteredOffice2016-09-012017-08-31SC431761ns5:CurrentFinancialInstruments2017-08-31SC431761ns5:CurrentFinancialInstruments2016-08-31SC431761ns5:ShareCapital2017-08-31SC431761ns5:ShareCapital2016-08-31SC431761ns5:SharePremium2017-08-31SC431761ns5:SharePremium2016-08-31SC431761ns5:RetainedEarningsAccumulatedLosses2017-08-31SC431761ns5:RetainedEarningsAccumulatedLosses2016-08-31SC431761ns5:CostValuation2017-08-31SC431761ns5:CostValuation2016-08-31SC431761ns5:AdditionsToInvestments2017-08-31


REGISTERED NUMBER: SC431761 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2017

for

Lochlane Investments Limited
Lochlane Investments Limited (Registered number: SC431761)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Lochlane Investments Limited

Company Information
for the Year Ended 31 August 2017







DIRECTORS: S Timoney
Mrs A Reid-Timoney





REGISTERED OFFICE: 16 Hutchison Drive
Bearsden
Glasgow
G61 2LQ





REGISTERED NUMBER: SC431761 (Scotland)





ACCOUNTANTS: Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ
Page 1
Lochlane Investments Limited (Registered number: SC431761)

Balance Sheet
31 August 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Investments 4 31,188,556 29,895,344

CURRENT ASSETS
Debtors 5 12,681,763 9,631,822
Cash at bank 27,463,172 36,158,698
40,144,935 45,790,520
CREDITORS
Amounts falling due within one year 6 1,024,367 5,217,454
NET CURRENT ASSETS 39,120,568 40,573,066
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,309,124
70,468,410

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 58,376,231 58,376,231
Retained earnings 11,922,893 12,082,179
SHAREHOLDERS' FUNDS 70,309,124 70,468,410

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 notes form part of these financial statements

Page 2 continued...
Lochlane Investments Limited (Registered number: SC431761)

Balance Sheet - continued
31 August 2017



The financial statements were approved by the Board of Directors on 23 May 2018 and were signed on its behalf by:





S Timoney - Director


The notes form part of these financial statements

Page 3
Lochlane Investments Limited (Registered number: SC431761)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Lochlane Investments 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Employment trust
The Employment Trust, created by the company on 8 May 2014, was wound up on 21 October 2016. The assets
of the Trust were distributed to employees of the company, with PAYE and National Insurance being accounted
for accordingly.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

Page 4 continued...
Lochlane Investments Limited (Registered number: SC431761)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 September 2016 18,284,198 11,611,146 29,895,344
Additions 1,048,624 244,588 1,293,212
At 31 August 2017 19,332,822 11,855,734 31,188,556
NET BOOK VALUE
At 31 August 2017 19,332,822 11,855,734 31,188,556
At 31 August 2016 18,284,198 11,611,146 29,895,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Other debtors 12,681,763 9,631,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Bank loans and overdrafts 972,731 -
Trade creditors 15,912 42,399
Tax - 2,597,166
Social security and other taxes 2,805 309
Directors' current accounts 27,045 669
Accrued expenses 5,874 2,576,911
1,024,367 5,217,454

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Timoney.

8. FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements in accordance with the provisions of
Section 1A "Small Entities" of FRS 102 issued by the Financial Reporting Council. The last financial statements
under previous UK GAAP were for the year ended 31 August 2016 and the date of transition to FRS 102 was
therefore 1 September 2016.

No changes were required to the financial statements for the year ended 31 August 2016 previously reported
under UK GAAP.

Page 5
Lochlane Investments Limited

Report of the Accountants to the Directors of
Lochlane Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2017 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ


23 May 2018

This page does not form part of the statutory financial statements

Page 6