Accounts filed on 31-03-2018


ACCOUNTS
FOR THE YEAR ENDED 31/03/2018





DIRECTORS
J B Alexander
Mrs C J Alexander



SECRETARY
J B Alexander


REGISTERED OFFICE
10 Sunnyside
Edinburgh
EH7 5RA


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC265119


BALANCE SHEET AT 31/03/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets			245,000		365,000

CURRENT ASSETS
Debtors	3	127,884		50,000
Cash at bank and in hand		-		117,896
		127,884		167,896
CREDITORS: Amounts falling due within one year	4	63,782		240,414
NET CURRENT ASSETS / (LIABILITIES)			64,102		(72,518)
TOTAL ASSETS LESS CURRENT LIABILITIES			309,102		292,482

CAPITAL AND RESERVES

Called up share capital	5		2		2
Revaluation reserve	,		70,065		111,064
Profit and loss account			239,035		181,416
SHAREHOLDERS' FUNDS			309,102		292,482

For the year ending 31/03/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22/11/2018 and signed on their behalf by



.............................
Mrs C J Alexander
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1c. Turnover
Turnover represents the invoiced value of rents receivable.




2. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 01/04/2017	365,000	365,000
Revaluation	(120,000)	(120,000)
At 31/03/2018	245,000	245,000
The original cost of the investment properties was £174,935 (2017: £253,936). No provision for deferred tax has been included on the revaluation of the properties as no tax would arise on the sale of the investment properties at their uplifted valuations due to indexation allowance.




3. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Other debtors	127,884	50,000
	127,884	50,000




4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	2,817	715
Directors current account	17,152	75,437
Trade creditors	42,868	160,317
Other creditors	945	945
Accruals	-	3,000
	63,782	240,414




5. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




6. RELATED PARTY TRANSACTIONS
J B Alexander
Director and shareholder
Included in "Other creditors" is an amount of £17,152 (2017 - £75,437) due to Mr J B Alexander. The loan is interest free with no fixed terms of repayment.