Rodger Morrison Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC158530 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Rodger Morrison Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

R G Morrison

Mrs I Morrison

SECRETARY:

Gray & Gray LLP

REGISTERED OFFICE:

30a Newton Road

St Fergus

Peterhead

Aberdeenshire

AB42 3DD

REGISTERED NUMBER:

SC158530 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

SOLICITORS:

Gray & Gray

8-10 Queen Street

Peterhead

Aberdeenshire

AB42 1TS

FIXED ASSETS

Tangible assets

3

22,735

24,789

Investments

4

29,193

29,193

Investment property

5

607,036

607,036

658,964

661,018

CURRENT ASSETS

Debtors

6

109,175

103,419

CREDITORS

Amounts falling due within one year

7

508,867

245,538

NET CURRENT LIABILITIES

(399,692

)

(142,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

259,272

518,899

CREDITORS

Amounts falling due after more than one year

8

-

249,488

NET ASSETS

259,272

269,411

CAPITAL AND RESERVES

Called up share capital

296,298

296,298

Retained earnings

(37,026

)

(26,887

)

SHAREHOLDERS' FUNDS

259,272

269,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 July 2018 and were signed on its behalf by:

R G Morrison - Director

1.	STATUTORY INFORMATION

Rodger Morrison Holdings 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.

Tangible fixed assets

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

Leasehold property

-

not provided

Furniture rental property

-

15% on cost

Fixtures and fittings

-

15% on 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.

Investment properties

Investment properties are not depreciated.

3.	TANGIBLE FIXED ASSETS

Furniture

Fixtures

Leasehold

rental

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 November 2016

and 31 October 2017

21,363

10,217

13,520

45,100

DEPRECIATION

At 1 November 2016

-

7,312

12,999

20,311

Charge for year

-

1,533

521

2,054

At 31 October 2017

-

8,845

13,520

22,365

NET BOOK VALUE

At 31 October 2017

21,363

1,372

-

22,735

At 31 October 2016

21,363

2,905

521

24,789

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2016

and 31 October 2017

29,193

NET BOOK VALUE

At 31 October 2017

29,193

At 31 October 2016

29,193

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

and 31 October 2017

607,036

NET BOOK VALUE

At 31 October 2017

607,036

At 31 October 2016

607,036

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

109,175

103,419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

270,258

17,660

Other creditors

238,609

227,878

508,867

245,538

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans

-

249,488

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.17

31.10.16

£

£

Bank overdrafts

6,258

2,810

Bank loans

264,000

264,338

270,258

267,148

Bank borrowings are secured by means of a standard security over the company's heritable property investments.

10.	RELATED PARTY DISCLOSURES

During the year the company made advances to and received repayments from a number of related companies.

They are as follows:

Changeforge Ltd is a company owned 100% by Rodger Morrison. During the year loans of £13,100 were

advanced to this company. The balance at the 31st October 2017 was £143,067 (2015 - £129,967)

Cock & Bull Ltd is a company owned 100% by Changeforge Ltd. During the year loans of £17,000 were

advanced by this company. The balance at 31st October 2017 was £18,989 (2016 - £1,099).

Fulmor One Ltd is a company owned 50% by Rodger Morrison. Loans have been received from this company.

The balance at the 31st October 2017 was £100,000 (2016 - £100,000)

Fulmor Ltd is a company owned 50% by Rodger Morrison. Loans have been advanced to this company. The

balance at the 31st October 2017 was £137,479.57 (2016 - £137,479.57)

Davidson Properties Ltd is a 100% subsidiary of Rodger Morrison Holdings Limited. During the year loans of

£1,053 were made by Davidson Properties Limited . The balance at 31st October 2017 was £91,128 (2016 -

£90,075)

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 October 2017 set out on pages nil to nil 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.

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

Date: .............................................