REGISTERED NUMBER: SC298943 (Scotland)

A & M Mcmillan Limited

Financial Statements For The Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D McMillan

Mrs M M McMillan

SECRETARY:

Mrs M M McMillan

REGISTERED OFFICE:

Robertson House

Shore Street

Inverness

Scotland

IV1 1NF

REGISTERED NUMBER:

SC298943 (Scotland)

ACCOUNTANTS:

The Long Partnership

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

BANKERS:

The Royal Bank of Scotland

Beauly Branch

High Street

Beauly

IV4 7BT

FIXED ASSETS

Investment property

3

211,769

-

CURRENT ASSETS

Stocks

-

211,769

Cash at bank

1,299

2,496

1,299

214,265

CREDITORS

Amounts falling due within one year

4

126,514

120,356

NET CURRENT (LIABILITIES)/ASSETS

(125,215

)

93,909

TOTAL ASSETS LESS CURRENT LIABILITIES

86,554

93,909

CREDITORS

Amounts falling due after more than one year

5

66,020

72,078

NET ASSETS

20,534

21,831

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

20,532

21,829

SHAREHOLDERS' FUNDS

20,534

21,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 12 December 2018 and were signed on its behalf by:

A D McMillan - Director

1.	STATUTORY INFORMATION

A & M Mcmillan 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

211,769

NET BOOK VALUE

At 31 March 2018

211,769

At 31 March 2017

211,769

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

6,029

5,749

Other creditors

120,485

114,607

126,514

120,356

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

66,020

72,078

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

41,904

46,112

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

72,049

77,827

The bank loan is secured by a bond and floating charge over the assets of the company and standard security

over the building plots owned.

7.	RELATED PARTY DISCLOSURES

The company is controlled jointly by Mr & Mrs McMillan.