REGISTERED NUMBER: SC397137 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

Struan Baptie Property Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S S R Baptie

SECRETARY:

A M R Baptie

REGISTERED OFFICE:

78-84 Bell Street

Dundee

Scotland

ANGUS

DD1 1HN

REGISTERED NUMBER:

SC397137 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

Chapelshade House

78-84 Bell Street

Dundee

DD1 1RQ

FIXED ASSETS

Intangible assets

4

36

1,192

Tangible assets

5

66,677

59,890

66,713

61,082

CURRENT ASSETS

Debtors

6

221,526

42,771

Cash at bank

150,896

144,849

372,422

187,620

CREDITORS

Amounts falling due within one year

7

226,613

106,270

NET CURRENT ASSETS

145,809

81,350

TOTAL ASSETS LESS CURRENT LIABILITIES

212,522

142,432

PROVISIONS FOR LIABILITIES

8

4,524

6,133

NET ASSETS

207,998

136,299

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

207,898

136,199

SHAREHOLDERS' FUNDS

207,998

136,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 8 October 2018 and were signed by:

S S R Baptie - Director

1.	STATUTORY INFORMATION

Struan Baptie Property Management 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.

The company's forecast and projections, taking account of reasonable changes in trading performance, indicate

that the company plans to operate within cash generated. The Board of Directors confirms that, after making

appropriate enquiries, it has reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis

in preparing these Financial Statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

5% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2017

and 28 February 2018

3,500

AMORTISATION

At 1 March 2017

2,308

Charge for year

1,156

At 28 February 2018

3,464

NET BOOK VALUE

At 28 February 2018

36

At 28 February 2017

1,192

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

Plant and

property

leasehold

property

machinery

£

£

£

£

COST

At 1 March 2017

11,749

-

30,247

18,695

Additions

2,610

13,874

-

65

At 28 February 2018

14,359

13,874

30,247

18,760

DEPRECIATION

At 1 March 2017

-

-

14,282

8,378

Charge for year

-

694

3,024

2,589

At 28 February 2018

-

694

17,306

10,967

NET BOOK VALUE

At 28 February 2018

14,359

13,180

12,941

7,793

At 28 February 2017

11,749

-

15,965

10,317

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2017

9,686

23,283

17,045

110,705

Additions

2,513

-

1,784

20,846

At 28 February 2018

12,199

23,283

18,829

131,551

DEPRECIATION

At 1 March 2017

4,723

10,375

13,057

50,815

Charge for year

1,478

3,224

3,050

14,059

At 28 February 2018

6,201

13,599

16,107

64,874

NET BOOK VALUE

At 28 February 2018

5,998

9,684

2,722

66,677

At 28 February 2017

4,963

12,908

3,988

59,890

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

51,483

-

Earlish Services Limited

-

18,030

Wages control

80

516

WMB Properties Limited

14,580

20,685

Glencarse Ltd

473

-

Directors' current accounts

152,694

994

Prepayments and accrued income

2,216

2,546

221,526

42,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

7,707

2,951

Tax

25,144

13,605

Social security and other taxes

1,924

2,093

VAT

16,161

15,528

Other creditors

65,976

70,011

Earlish Services Ltd

107,558

-

Accrued expenses

2,143

2,082

226,613

106,270

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

4,524

6,133

Deferred

tax

£

Balance at 1 March 2017

6,133

Credit to Income Statement during year

(1,609

)

Balance at 28 February 2018

4,524

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 March 2017

136,199

Profit for the year

98,199

Dividends

(26,500

)

At 28 February 2018

207,898

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and

28 February 2017:

2018

2017

£

£

S S R Baptie

Balance outstanding at start of year

994

(2,339

)

Amounts advanced

161,218

39,258

Amounts repaid

(9,518

)

(35,925

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

152,694

994

The directors loan was repaid in full after the year end.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S S R Baptie.