Barton & Davies (Jean Saloon) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC050536 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BARTON & DAVIES (JEAN SALOON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A L Reid

Mrs M Barton

REGISTERED OFFICE:

97 Lothian Road

Edinburgh

EH3 9AN

REGISTERED NUMBER:

SC050536 (Scotland)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Investments

4

46,825

48,028

Investment property

5

1,270,000

1,270,000

1,316,825

1,318,028

CURRENT ASSETS

Debtors

6

342,086

4,676

Cash at bank

17,566

248,982

359,652

253,658

CREDITORS

Amounts falling due within one year

7

79,784

16,986

NET CURRENT ASSETS

279,868

236,672

TOTAL ASSETS LESS CURRENT LIABILITIES

1,596,693

1,554,700

PROVISIONS FOR LIABILITIES

8

92,511

93,901

NET ASSETS

1,504,182

1,460,799

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Fair value reserve

9

680,773

817,135

Retained earnings

818,409

638,664

SHAREHOLDERS' FUNDS

1,504,182

1,460,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 16 July 2018 and were signed on its behalf by:

I A L Reid - Director

1.	STATUTORY INFORMATION

Barton & Davies (Jean Saloon) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income due in the year.

Investment property

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

fair value is recognised in profit or loss.

Listed investments

Listed investments are held at market value with any movement in their market value each year being taken to the

income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2017

48,028

Revaluations

(1,203

)

At 31 March 2018

46,825

NET BOOK VALUE

At 31 March 2018

46,825

At 31 March 2017

48,028

Cost or valuation at 31 March 2018 is represented by:

Listed

investments

£

Valuation in 2015

(216,887

)

Valuation in 2016

(7,430

)

Valuation in 2017

(1,231

)

Valuation in 2018

(1,202

)

Cost

273,575

46,825

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

1,270,000

NET BOOK VALUE

At 31 March 2018

1,270,000

At 31 March 2017

1,270,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 1990

512,055

Valuation in 2010

493,428

Valuation in 2013

(179,929

)

Cost

444,446

1,270,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.18

31.3.17

£

£

Cost

444,446

444,446

The investment properties were valued on an open market basis on 2 October 2012 by Messrs Ryden, Chartered Surveyors

.

The directors consider the valuation at the balance sheet date not to be materially different from the valuation in

2012.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed by group undertakings

341,914

4,520

Other debtors

172

156

342,086

4,676

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

10,325

8,173

Other creditors

69,459

8,813

79,784

16,986

8.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

92,511

93,901

Deferred

tax

£

Balance at 1 April 2017

93,901

Revaluation gains and losses

(1,390

)

Balance at 31 March 2018

92,511

9.

RESERVES

Fair

value

reserve

£

At 1 April 2017

817,135

Transfers between reserves

(136,362

)

At 31 March 2018

680,773

10.	RELATED PARTY DISCLOSURES

Included in 'Other creditors', is an amount of £17,034 (2017 - £NIL) due to the directors, from the company.

The loan is interest free and has no fixed terms of repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I A L Reid.