Changeforge Limited - Accounts to registrar (filleted) - small 18.2
Changeforge Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| Changeforge Limited |
| Changeforge Limited (Registered number: SC143462) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| Changeforge Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| Glebefield House |
| 21 Links Terrace |
| Peterhead |
| Aberdeenshire |
| AB42 2XA |
| Changeforge Limited (Registered number: SC143462) |
| Balance Sheet |
| 31 March 2018 |
| 31.3.18 | 31.3.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Changeforge Limited (Registered number: SC143462) |
| Balance Sheet - continued |
| 31 March 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 director on |
| Changeforge Limited (Registered number: SC143462) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Changeforge Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| 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. |
| Group accounts |
| The company and its subsidiary form a small group. The company has taken advantage of the exemption |
| provided by sec 248 of the Companies Act 1985 not to prepare group accounts. |
| Turnover |
| Turnover represents rental income. |
| Changeforge Limited (Registered number: SC143462) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 4. | FIXED ASSET INVESTMENTS |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other investments not loans | 2 | 5,002 |
| Additional information is as follows: |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2017 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Investments (neither listed nor unlisted) were as follows: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other investment | - | 5,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other debtors |
| Changeforge Limited (Registered number: SC143462) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company made advances to and received repayments from a number of related companies. |
| They are as follows: |
| Davidson Properties Ltd is a company owned 100% by Rodger Morrison Holdings Ltd, which in turn is owned |
| 100% by Rodger Morrison. Loans have been received from this company. The balance at the 31st March 2018 |
| was £17,000 (2017 - £17,000) |
| Rodger Morrison Catering Ltd is a company owned 100% by Rodger Morrison and his wife Irene. Loans have |
| been advanced to this company. The balance at the 31st March 2018 was £29,200 (2017 - £29,200) |
| Rodger Morrison Holdings Ltd is a company owned 100% by Rodger Morrison. Loans have been received from |
| this company. The balance at the 31st March 2018 was £143,067 (2017 - £ 134,867) |
| Fulmor One Ltd is a company owned 50% by Rodger Morrison. Loans have been advanced to this company. The |
| balance at the 31st March 2018 was £334,910.66 (2017 - £334,910.66) |
| Cock and Bull Limited is a subsidiary of Changeforge Limited. As at 31st March 2018, Cock and Bull Limited |
| was due £33,574 by Changeforge Limited (2017 - £17,374) . During the year Cock and Bull Limited paid rent of |
| £52,500 to Changeforge Limited (2017 - £52,500) . |
| Changeforge Limited |
| Report of the Accountants to the Director of |
| Changeforge Limited |
| The following reproduces the text of the report prepared for the director 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 Director 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 March 2018 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. |
| Accountants |
| Glebefield House |
| 21 Links Terrace |
| Peterhead |
| Aberdeenshire |
| AB42 2XA |
| Date: ............................................. |