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REGISTERED NUMBER: SC054571 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

ABERCAIRN OF SCOTLAND LTD.
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABERCAIRN OF SCOTLAND LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTOR: Steven John Anson



REGISTERED OFFICE: 46 Larchfield Avenue
Newton Mearns
Glasgow
G77 5QN



REGISTERED NUMBER: SC054571 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.,
Chartered Accountants
3rd Floor, St George's Buildings
5 St Vincent Place
Glasgow
G1 2DH



BANKERS: Royal Bank of Scotland
398 Victoria Road
Glasgow
G42 8YR
Page 1
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,175 1,428
Investment property 6 147,500 147,500
148,675 148,928

CURRENT ASSETS
Debtors 7 303 5,368
Cash at bank 26,786 25,200
27,089 30,568
CREDITORS
Amounts falling due within one year 8 44,952 42,916
NET CURRENT LIABILITIES (17,863 ) (12,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
130,812
136,580

PROVISIONS FOR LIABILITIES 15,984 17,461
NET ASSETS 114,828 119,119

CAPITAL AND RESERVES
Called up share capital 9 186 186
Share premium 10 2,950 2,950
Revaluation reserve 10 111,683 111,683
Retained earnings 10 9 4,300
SHAREHOLDERS' FUNDS 114,828 119,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

BALANCE SHEET - continued
31 JANUARY 2018


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 24 October 2018 and were signed by:





Steven John Anson - Director


The notes form part of these financial statements

Page 3
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

Abercairn of Scotland Ltd. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of an asset, has been amortised evenly over
its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

2. ACCOUNTING POLICIES - continued

Investment property
Freehold investment properties are shown at open market value. Any surplus or deficit arising from the
director's annual revaluation is transferred to the revaluation reserve, unless a deficit or its reversal on an
investment property is expected to be permanent, in which case it is recognised in the profit and loss account for
the year.

Investment properties are held for their investment potential and not for use by the company and so their current
value is of prime importance. This is a departure from the provision of Schedule 1 to the Companies Act 2006
and is required in order to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2017
and 31 January 2018 25,000
AMORTISATION
At 1 February 2017
and 31 January 2018 25,000
NET BOOK VALUE
At 31 January 2018 -
At 31 January 2017 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
Equipment fittings Totals
£    £    £   
COST
At 1 February 2017
and 31 January 2018 11,401 32,646 44,047
DEPRECIATION
At 1 February 2017 10,626 31,993 42,619
Charge for year 155 98 253
At 31 January 2018 10,781 32,091 42,872
NET BOOK VALUE
At 31 January 2018 620 555 1,175
At 31 January 2017 775 653 1,428

Page 5 continued...
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017
and 31 January 2018 147,500
NET BOOK VALUE
At 31 January 2018 147,500
At 31 January 2017 147,500

Fair value at 31 January 2018 is represented by:

£   
Valuation in 2018 128,997
Cost 18,503
147,500

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 18,503 18,503
Aggregate depreciation (4,441 ) (4,071 )

Investment property was valued on an open market basis on 31 January 2018 by director Steven John Anson .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 303 5,368

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 373 2,568
Current corporation tax 56 1,285
Other creditors - 250
Directors' current accounts 43,434 38,046
Accruals and deferred income 625 300
Value added tax payable 464 467
44,952 42,916

Page 6 continued...
ABERCAIRN OF SCOTLAND LTD. (REGISTERED NUMBER: SC054571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
186 Ordinary £1 186 186

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 February 2017 4,300 2,950 111,683 118,933
Profit for the year 3,459 3,459
Dividends (7,750 ) (7,750 )
At 31 January 2018 9 2,950 111,683 114,642

11. SECURED DEBTS

The bank facilities are secured by standard securities over the company's freehold investment properties at 1145
and 1147 Cathcart Road, Glasgow and by a bond and floating charge over the company's assets.

Page 7