George Raeburn (Minerals) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC098000 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

GEORGE RAEBURN (MINERALS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Raeburn

D G Raeburn

SECRETARY:

J M Raeburn

REGISTERED OFFICE:

East Avenue

Priestfield Industrial Estate

Blantyre

Glasgow

G72 0JB

REGISTERED NUMBER:

SC098000 (Scotland)

SENIOR STATUTORY AUDITOR:

Douglas Paton BSc CA

AUDITORS:

Bannerman Johnstone Maclay

Chartered Accountants

and Statutory Auditor

213 St Vincent Street

Glasgow

G2 5QY

BANKERS:

Bank of Scotland

PO Box 18

41 Princes Mall

East Kilbride

G74 1LA

FIXED ASSETS

Tangible assets

4

-

285,121

CURRENT ASSETS

Debtors

5

1,409,405

1,406,424

Cash at bank

468,578

3,903

1,877,983

1,410,327

CREDITORS

Amounts falling due within one year

6

138,170

136,395

NET CURRENT ASSETS

1,739,813

1,273,932

TOTAL ASSETS LESS CURRENT LIABILITIES

1,739,813

1,559,053

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

1,639,813

1,459,053

SHAREHOLDERS' FUNDS

1,739,813

1,559,053

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 Board of Directors on 14 December 2018 and were signed on its behalf by:

J M Raeburn - Director

1.	STATUTORY INFORMATION

George Raeburn (Minerals) 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.

Tangible fixed assets

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

Plant and machinery etc

15% on cost and 20% on cost

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining

useful life by equal annual instalments. Where buildings are maintained to such a standard that their residual

value is not less than their cost or valuation, no depreciation is charged as it is not material.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2017

285,121

Additions

5,000

Disposals

(290,121

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

285,121

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

2,968

2,968

Amounts owed by related undertakings

221,349

218,368

224,317

221,336

2018

2017

£

£

Amounts falling due after more than one year:

Other debtors

1,185,088

1,185,088

Aggregate amounts

1,409,405

1,406,424

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,501

3,090

Amounts owed to related undertakings

124,381

124,381

Tax

294

-

Social security and other taxes

-

(347

)

VAT

2,679

2,695

Other creditors

9,315

6,576

138,170

136,395

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Paton BSc CA (Senior Statutory Auditor)

for and on behalf of Bannerman Johnstone Maclay