1 November 2016 false No description of principal activity Taxfiler 2018.8.Web SC275175business:PrivateLimitedCompanyLtd2016-11-012017-10-31 SC2751752016-10-31 SC2751752016-11-012017-10-31 SC275175business:AuditExempt-NoAccountantsReport2016-11-012017-10-31 SC275175business:FullAccounts2016-11-012017-10-31 SC2751752017-10-31 SC275175business:Director12016-11-012017-10-31 SC275175business:Director22016-11-012017-10-31 SC275175business:RegisteredOffice2016-11-012017-10-31 SC2751752016-10-31 SC275175core:WithinOneYear2017-10-31 SC275175core:WithinOneYear2016-10-31 SC275175core:ShareCapital2017-10-31 SC275175core:ShareCapital2016-10-31 SC275175core:RevaluationReserve2017-10-31 SC275175core:RevaluationReserve2016-10-31 SC275175core:RetainedEarningsAccumulatedLosses2017-10-31 SC275175core:RetainedEarningsAccumulatedLosses2016-10-31 SC275175business:SmallEntities2016-11-012017-10-31 SC275175countries:Scotland2016-11-012017-10-31 SC275175core:LandBuildings2016-11-012017-10-31 SC275175core:PlantMachinery2016-11-012017-10-31 SC275175core:LandBuildings2016-10-31 SC275175core:PlantMachinery2016-10-31 SC275175core:LandBuildings2017-10-31 SC275175core:PlantMachinery2017-10-31 SC275175business:OrdinaryShareClass12016-11-012017-10-31 SC275175business:OrdinaryShareClass12015-11-012016-10-31 SC2751752015-11-012016-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC275175 (Scotland)
A & A Properties (Scotland) Ltd. Unaudited accounts for the year ended 31 October 2017
A & A Properties (Scotland) Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A & A Properties (Scotland) Ltd. Company Information for the year ended 31 October 2017
Directors
Antonio Vezza Gail Vezza
Company Number
SC275175 (Scotland)
Registered Office
187 TANTALLON ROAD SHAWLANDS GLASGOW G41 3LU
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A & A Properties (Scotland) Ltd. Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
80,000 
114,380 
Current assets
Cash at bank and in hand
36,627 
595 
Creditors: amounts falling due within one year
5
(45,151)
(51,466)
Net current liabilities
(8,524)
(50,871)
Total assets less current liabilities
71,476 
63,509 
Provisions for liabilities
Deferred tax
(2,388)
(2,388)
Net assets
69,088 
61,121 
Capital and reserves
Called up share capital
6
100 
100 
Revaluation reserve
14,802 
14,802 
Profit and loss account
54,186 
46,219 
Shareholders' funds
69,088 
61,121 
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 July 2018.
Antonio Vezza Director Company Registration No. SC275175
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A & A Properties (Scotland) Ltd. Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
A & A Properties (Scotland) Ltd. is a private company, limited by shares, registered in Scotland, registration number SC275175. The registered office is 187 TANTALLON ROAD, SHAWLANDS, GLASGOW, G41 3LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 8 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rental income from investment properties.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2016
107,880 
6,500 
114,380 
Disposals
(27,880)
(6,500)
(34,380)
At 31 October 2017
80,000 
- 
80,000 
Depreciation
At 31 October 2017
- 
- 
- 
Net book value
At 31 October 2017
80,000 
- 
80,000 
At 31 October 2016
107,880 
6,500 
114,380 
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A & A Properties (Scotland) Ltd. Notes to the Accounts for the year ended 31 October 2017
5
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
5,813 
7,755 
Taxes and social security
1,602 
887 
Loans from directors
37,736 
42,824 
45,151 
51,466 
6
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
8
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 November 2015 
31 October 2016 
£ 
£ 
Capital and reserves (as previously stated)
33,451 
35,748 
Write back of Aggregate Depreciation
9,315 
10,571 
Deferred Tax Provision
(2,388)
(2,388)
Revaluation surplus
17,190 
17,190 
Capital and reserves (as restated)
57,568 
61,121 
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