REGISTERED NUMBER: SC240876 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Aaron Glen Guest House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L D Davidson

Ms L J Williamson

SECRETARY:

L D Davidson

REGISTERED OFFICE:

7 Nivensknowe Road

Loanhead

EH20 9AU

REGISTERED NUMBER:

SC240876 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

2nd Floor

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

13,144

13,522

CURRENT ASSETS

Stocks

50

50

Cash at bank

1,905

9,738

1,955

9,788

CREDITORS

Amounts falling due within one year

5

5,891

18,562

NET CURRENT LIABILITIES

(3,936

)

(8,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,208

4,748

PROVISIONS FOR LIABILITIES

2,275

2,400

NET ASSETS

6,933

2,348

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

2,233

2,233

Retained earnings

4,600

15

SHAREHOLDERS' FUNDS

6,933

2,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 23 March 2018 and were signed on its behalf by:

L D Davidson - Director

1.	STATUTORY INFORMATION

Aaron Glen Guest House 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 represents net income from operating activities, excluding value added tax.

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

-

15% 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 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

57,658

Additions

1,942

At 30 June 2017

59,600

DEPRECIATION

At 1 July 2016

44,136

Charge for year

2,320

At 30 June 2017

46,456

NET BOOK VALUE

At 30 June 2017

13,144

At 30 June 2016

13,522

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Taxation and social security

4,327

5,084

Other creditors

1,564

13,478

5,891

18,562

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,500 (2016 - £12,500) were paid to the directors .