Company Registration No. SC283509 (Scotland)
A & D PROPERTIES SCOTLAND LTD
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 OCTOBER 2012
A & D PROPERTIES SCOTLAND LTD
CONTENTS
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Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A & D PROPERTIES SCOTLAND LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2012
31 October 2012
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- 1 -
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2012
2011
Notes
£
£
£
£
Fixed assets
Tangible assets
2
95,818
168,113
Current assets
Debtors
52
Cash at bank and in hand
229
454
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.
281
454
Creditors: amounts falling due within one year
(6,770)
(553)
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.
Net current liabilities
(6,489)
(99)
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.
Total assets less current liabilities
89,329
168,014
Creditors: amounts falling due after more than one year
(101,297)
(163,292)
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.
(11,968)
4,722
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.
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(12,068)
4,622
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.
Shareholders' funds
(11,968)
4,722
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A & D PROPERTIES SCOTLAND LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2012
31 October 2012
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For the financial period ended 31 October 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 January 2013
Mr Anthony Marley
Director
Company Registration No. SC283509
A & D PROPERTIES SCOTLAND LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 OCTOBER 2012
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Property Improvements
20% Reducing Balance
Plant and machinery
25% Reducing Balance
Fixtures, fittings & equipment
10% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2011
170,952
Disposals
(75,134)
.
At 31 October 2012
95,818
.
Depreciation
At 1 May 2011
2,838
On disposals
(2,838)
.
At 31 October 2012
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Net book value
At 31 October 2012
95,818
.
At 30 April 2011
168,113
.
A & D PROPERTIES SCOTLAND LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2012
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3
Share capital
2012
2011
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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