Scotprop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC247681 (Scotland)

SCOTPROP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr M J S Cockburn

Ms J Rees

SECRETARY:

Harrison Clark (Secretarial) Ltd

REGISTERED OFFICE:

The Shieling

Eshiels

Peebles

Scottish Borders

EH45 8NA

REGISTERED NUMBER:

SC247681 (Scotland)

BANKERS:

Barclays Bank Plc

54 High Street

Worcester

Worcestershire

WR1 2QQ

CURRENT ASSETS

Cash at bank

821

821

CREDITORS

Amounts falling due within one year

4

431

1,898

NET CURRENT ASSETS/(LIABILITIES)

390

(1,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

390

(1,077

)

CREDITORS

Amounts falling due after more than one year

5

67,987

67,000

NET LIABILITIES

(67,597

)

(68,077

)

CAPITAL AND RESERVES

Called up share capital

6

50

50

Capital redemption reserve

45

45

Retained earnings

(67,692

)

(68,172

)

SHAREHOLDERS' FUNDS

(67,597

)

(68,077

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 27th September 2018 and were signed on its behalf by:

Mr M J S Cockburn - Director

1.	STATUTORY INFORMATION

Scotprop 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate adjustments would have to be made to reduce assets to recoverable amounts, to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

480

Other creditors

431

1,418

431

1,898

Included within other creditors is a director's current account totalling £nil (2016: £987)

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

987

-

Amounts owed to related parties

67,000

67,000

67,987

67,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

Ordinary

£1

50

50

7.	RELATED PARTY DISCLOSURES

Ideapark Limited

A company in which the directors have an interest:

2017

2016

£

£

Amount due to related party at the balance sheet date

67,000

67,000

Number One Park Limited

Ultimate parent company:

2017

2016

£

£

Amount due to related party at the balance sheet date

987

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J S Cockburn and Ms J Rees.