REGISTERED NUMBER: SC260180 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

A & J Investments (Scotland) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Gardiner

Mrs J M Gardiner

SECRETARY:

Mrs J M Gardiner

REGISTERED OFFICE:

Ruach

Inverugie

Peterhead

Aberdeenshire

AB42 3DE

REGISTERED NUMBER:

SC260180 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

7,906

17,878

Investment property

5

5,512,441

5,353,659

5,520,347

5,371,537

CURRENT ASSETS

Debtors

6

29,927

50,839

Cash at bank

106,708

197,462

136,635

248,301

CREDITORS

Amounts falling due within one year

7

143,981

135,704

NET CURRENT (LIABILITIES)/ASSETS

(7,346

)

112,597

TOTAL ASSETS LESS CURRENT LIABILITIES

5,513,001

5,484,134

CREDITORS

Amounts falling due after more than one year

8

(2,501,653

)

(2,688,019

)

PROVISIONS FOR LIABILITIES

(441,157

)

(392,457

)

NET ASSETS

2,570,191

2,403,658

CAPITAL AND RESERVES

Called up share capital

10

2

2

Fair Value Reserve

11

1,569,827

1,569,827

Retained earnings

11

1,000,362

833,829

SHAREHOLDERS' FUNDS

2,570,191

2,403,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 June 2017 and were signed on its behalf by:

A Gardiner - Director

1.	STATUTORY INFORMATION

A & J Investments (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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is

provided on these gains at the rate expected to apply when the property is sold.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

2,539

44,922

16,380

12,176

76,017

Additions

130

300

-

1,276

1,706

Disposals

-

-

(16,380

)

-

(16,380

)

At 31 December 2016

2,669

45,222

-

13,452

61,343

DEPRECIATION

At 1 January 2016

1,785

37,305

7,166

11,883

58,139

Charge for year

177

1,583

-

704

2,464

Eliminated on disposal

-

-

(7,166

)

-

(7,166

)

At 31 December 2016

1,962

38,888

-

12,587

53,437

NET BOOK VALUE

At 31 December 2016

707

6,334

-

865

7,906

At 31 December 2015

754

7,617

9,214

293

17,878

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2016

16,380

Disposals

(16,380

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

7,166

Eliminated on disposal

(7,166

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

9,214

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

5,353,659

Additions

282

Disposals

(85,000

)

Revaluations

243,500

At 31 December 2016

5,512,441

NET BOOK VALUE

At 31 December 2016

5,512,441

At 31 December 2015

5,353,659

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 2007

1,674,117

Valuation in 2009

171,168

Valuation in 2010

18,000

Valuation in 2012

99,000

Valuation in 2016

243,500

Cost

3,306,656

5,512,441

The investment properties were valued at fair value.on the 4th October 2016 by J& E Shepherd , Chartered

Surveyors. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate

expected to apply when the property is sold.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

29,927

50,839

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

73,875

58,875

Hire purchase contracts

-

2,345

Trade creditors

3,568

1,408

Taxation and social security

13,667

52,087

Other creditors

52,871

20,989

143,981

135,704

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

2,501,653

2,683,845

Hire purchase contracts

-

2,931

Other creditors

-

1,243

2,501,653

2,688,019

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

934,521

2,448,345

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Bank loans

2,575,528

2,742,720

Bank loans and overdrafts are secured over the company's property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Fair

Retained

Value

earnings

Reserve

Totals

£

£

£

At 1 January 2016

833,829

1,569,827

2,403,656

Profit for the year

243,399

243,399

Dividends

(76,866

)

(76,866

)

At 31 December 2016

1,000,362

1,569,827

2,570,189