Archie Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC474472 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Archie Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M Fulton

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

G84 8BP

REGISTERED NUMBER:

SC474472 (Scotland)

FIXED ASSETS

Tangible assets

4

665

887

Investment property

5

301,500

180,500

302,165

181,387

CURRENT ASSETS

Cash at bank

100

18,066

CREDITORS

Amounts falling due within one year

6

285,215

190,174

NET CURRENT LIABILITIES

(285,115

)

(172,108

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,050

9,279

CAPITAL AND RESERVES

Called up share capital

103

4

Retained earnings

16,947

9,275

SHAREHOLDERS' FUNDS

17,050

9,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 31 December 2018 and were signed by:

Mrs M Fulton - Director

1.	STATUTORY INFORMATION

Archie Investments 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 estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value

is recognised in profit or loss.

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 NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

2,026

DEPRECIATION

At 1 May 2017

1,139

Charge for year

222

At 30 April 2018

1,361

NET BOOK VALUE

At 30 April 2018

665

At 30 April 2017

887

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

180,500

Additions

121,000

At 30 April 2018

301,500

NET BOOK VALUE

At 30 April 2018

301,500

At 30 April 2017

180,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

90,557

-

Taxation and social security

837

576

Other creditors

193,821

189,598

285,215

190,174

7.	CONTINGENT LIABILITIES

As at 30 April 2018, the company had no contingent liabilities. (2017-nil)

8.	CAPITAL COMMITMENTS

As at 30 April 2018, the company had no capital commitments. (2017-nil)

9.	RELATED PARTY DISCLOSURES