Leyden Investments Limited - Accounts to registrar (filleted) - small 18.2
Leyden Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2018 |
| for |
| Leyden Investments Limited |
| Leyden Investments Limited (Registered number: SC049347) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Leyden Investments Limited |
| Company Information |
| for the Year Ended 30 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Tax Advisers |
| Pavilion 1 |
| Finnieston Business Park |
| Minerva Way |
| GLASGOW |
| G3 8AU |
| Leyden Investments Limited (Registered number: SC049347) |
| Balance Sheet |
| 30 June 2018 |
| 30.6.18 | 30.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Leyden Investments Limited (Registered number: SC049347) |
| Balance Sheet - continued |
| 30 June 2018 |
| 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 by: |
| Leyden Investments Limited (Registered number: SC049347) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| Leyden Investments Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Gross rents received and receivable from properties are included in the profit and loss account. Provision is |
| made for any rents due not considered recoverable. |
| Tangible fixed assets |
| Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition. |
| Provision for depreciation is made so as to write off the cost of tangible fixed assets less their residual value on a |
| straight line basis over the expected useful economic life to the entity of the asset concerned or, if held under a |
| finance lease, over the lease term, whichever is the shorter. Depreciation is charged over the following periods: |
| Plant & machinery etc - 25% on cost |
| No depreciation is provided in respect of investment properties. The directors consider that this accounting |
| policy (which represents a departure from the statutory accounting principles) is necessary to provide a true and |
| fair view. |
| 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. |
| Financial instruments |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
| initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective |
| interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair |
| value, net of any transaction costs, and are measured subsequently at amortised cost using the effective interest |
| method. |
| 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. |
| Leyden Investments Limited (Registered number: SC049347) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2017 |
| Additions |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2017 |
| Impairments | (50,000 | ) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Leyden Investments Limited (Registered number: SC049347) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 30 June 2018 is represented by: |
| £ |
| Valuation in 2000 | 678,805 |
| Valuation in 2005 | 200,000 |
| Valuation in 2018 | (50,000 | ) |
| Cost | 601,174 |
| 1,429,979 |
| If investment property had not been revalued they would have been included at the following historical cost: |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Cost | 601,174 | 601,174 |
| Investment properties were valued on a fair value basis on 30 June 2018 by the directors . |
| 6. | DEBTORS |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CURRENT ASSET INVESTMENTS |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Listed investments | 273,230 | 270,081 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| Leyden Investments Limited (Registered number: SC049347) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2017 |
| Investment property |
| revaluation reclassification | (50,000 | ) |
| At 30 June 2018 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2018 and |
| 30 June 2017: |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| The maximum amount due by Mr J Alexander, Mr R Alexander and Mrs K Alexander to the company during the |
| financial year was £99,478 (2017 £85,011), £79,065 (2017 £128,078) and £1,250 ( 2017 £11,250) respectively. |
| The above amounts are interest free and have no fixed repayment date. |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £117,500 (2017 - £106,470) were paid to the directors . |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the directors. |