Balfour Development Company Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC165990 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Balfour Development Company Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Lidderdale

R A Lidderdale

R Lidderdale

SECRETARY:

A J Lidderdale

REGISTERED OFFICE:

Ness Farm

Shapinsay

Orkney

KW17 2EB

REGISTERED NUMBER:

SC165990 (Scotland)

ACCOUNTANTS:

Orcadia

Chartered Accountants

1 - 3 East Road

Kirkwall

Orkney

KW15 1HZ

BANKERS:

Bank of Scotland

56 Albert Street

Kirkwall

Orkney

KW15 1HJ

FIXED ASSETS

38,083

Tangible assets

4

32,296

CURRENT ASSETS

13,580

Stocks

13,580

226

Debtors

95

13,806

13,675

CREDITORS

295,727

Amounts falling due within one year

303,952

(281,921

)

NET CURRENT LIABILITIES

(290,277

)

(243,838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(257,981

)

CAPITAL AND RESERVES

100

Called up share capital

100

(243,938

)

Retained earnings

(258,081

)

(243,838

)

SHAREHOLDERS' FUNDS

(257,981

)

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 June 2018 and were signed on its behalf by:

A J Lidderdale - Director

1.	STATUTORY INFORMATION

Balfour Development Company Ltd 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 represents income receivable from property rentals.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

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

and slow moving items.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

177,493

DEPRECIATION

At 1 April 2017

139,410

Charge for year

5,787

At 31 March 2018

145,197

NET BOOK VALUE

At 31 March 2018

32,296

At 31 March 2017

38,083

5.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

14,680

29,897