Ardoch Property Investments Limited - Accounts to registrar (filleted) - small 18.2

Ardoch Property Investments Limited - Accounts to registrar (filleted) - small 18.2

ARDOCH PROPERTY INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: SC264947 (Scotland)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ARDOCH PROPERTY INVESTMENTS LIMITED
ARDOCH PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: SC264947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARDOCH PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: P McLaughlin





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC264947 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA
Page 1
ARDOCH PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: SC264947)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 546,105 546,105
Debtors 3 38,148 38,809
Cash at bank and in hand 1,280 1,702
585,533 586,616
CREDITORS
Amounts falling due within one year 4 422,467 421,363
NET CURRENT ASSETS 163,066 165,253
TOTAL ASSETS LESS CURRENT
LIABILITIES
163,066
165,253

CREDITORS
Amounts falling due after more than
one year
5
120,705
122,911
NET ASSETS 42,361 42,342

CAPITAL AND RESERVES
Called up share capital 600 600
Revaluation reserve 6 40,000 40,000
Retained earnings 1,761 1,742
SHAREHOLDERS' FUNDS 42,361 42,342

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 director acknowledges his 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 director on 8 November 2018 and were signed by:





P McLaughlin - Director


The notes form part of these financial statements

Page 2
ARDOCH PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: SC264947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Ardoch Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 38,148 38,809

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 626 2
Other creditors 421,841 421,361
422,467 421,363

Page 3 continued...
ARDOCH PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: SC264947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 120,705 122,911

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 120,705 122,911

6. RESERVES
Revaluation
reserve
£   
At 1 April 2017
and 31 March 2018 40,000

7. RELATED PARTY DISCLOSURES

As at 31st March 2018 the company owed Mr Peter McLaughlin, Director, £363,940.23 (2017:
£363,940.23). This loan is interest free and has no fixed date for repayment.

Page 4