Cour Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC491837 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

COUR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F J Nickerson

G H F S Nickerson

SECRETARY:

Mrs F J Nickerson

REGISTERED OFFICE:

Cour

Carradale

Campbeltown

Argyll

PA28 6LQ

REGISTERED NUMBER:

SC491837 (Scotland)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Tangible assets

4

5,474,362

1,764,976

CURRENT ASSETS

Stocks

22,825

24,445

Debtors

5

96,788

-

Cash at bank

314,715

366,627

434,328

391,072

CREDITORS

Amounts falling due within one year

6

1,811,040

1,730,482

NET CURRENT LIABILITIES

(1,376,712

)

(1,339,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,097,650

425,566

PROVISIONS FOR LIABILITIES

681,150

-

NET ASSETS

3,416,500

425,566

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

7

2,903,850

-

Retained earnings

511,650

424,566

SHAREHOLDERS' FUNDS

3,416,500

425,566

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.

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:

G H F S Nickerson - Director

1.	STATUTORY INFORMATION

Cour 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 as modified by the revaluation of certain assets.

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 estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% 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.

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.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2017

1,741,483

35,634

1,777,117

Additions

129,848

6,756

136,604

Revaluations

3,585,000

-

3,585,000

At 31 March 2018

5,456,331

42,390

5,498,721

DEPRECIATION

At 1 April 2017

5,560

6,581

12,141

Charge for year

7,518

4,700

12,218

At 31 March 2018

13,078

11,281

24,359

NET BOOK VALUE

At 31 March 2018

5,443,253

31,109

5,474,362

At 31 March 2017

1,735,923

29,053

1,764,976

Cost or valuation at 31 March 2018 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

3,585,000

-

3,585,000

Cost

1,871,331

42,390

1,913,721

5,456,331

42,390

5,498,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

96,788

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

2,104

10,017

Taxation and social security

21,708

44,638

Other creditors

1,787,228

1,675,827

1,811,040

1,730,482

7.

RESERVES

Fair

value

reserve

£

Revaluation

2,903,850

At 31 March 2018

2,903,850