AAA Estates (Edinburgh) Limited - Accounts to registrar (filleted)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

AAA Estates (Edinburgh) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J T Renton

Mrs A V Renton

REGISTERED OFFICE:

1 Ravelrig Wynd

Balerno, Edinburgh

Midlothian

EH14 7FB

REGISTERED NUMBER:

SC311489 (Scotland)

ACCOUNTANTS:

Ian Macfarlane & Co.

Chartered Accountants

2 Melville Street

Falkirk

FK1 1HZ

FIXED ASSETS

Tangible assets

3

426,110

CURRENT ASSETS

Debtors

4

153,080

165,099

Cash at bank

692

33

153,772

165,132

CREDITORS

Amounts falling due within one year

5

487,602

484,324

NET CURRENT LIABILITIES

(333,830

)

(319,192

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

92,280

106,918

CAPITAL AND RESERVES

Called up share capital

12

Revaluation reserve

6

62,011

Retained earnings

30,257

44,895

SHAREHOLDERS' FUNDS

92,280

106,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 30 October 2017 and were signed on its behalf by:

J T Renton - Director

1.	STATUTORY INFORMATION

AAA Estates (Edinburgh) 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 as modified by the revaluation of certain assets.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

The directors have chosen not to depreciate heritable property and believe this decision will have no material

effect on the accounts.

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.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 May 2016

and 30 April 2017

429,298

DEPRECIATION

At 1 May 2016

and 30 April 2017

3,188

NET BOOK VALUE

At 30 April 2017

426,110

At 30 April 2016

426,110

Cost or valuation at 30 April 2017 is represented by:

Land and

buildings

£

Valuation in 2013

59,298

Cost

370,000

429,298

If Freehold property had not been revalued it would have been included at the following historical cost:

30.4.17

30.4.16

£

Cost

370,000

Aggregate depreciation

3,188

Freehold property was valued on an open market basis basis on 1 April 2013 by the directors .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

Other debtors

153,080

165,099

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

Amounts owed to participating interests

483,396

480,697

Taxation and social security

3,199

2,619

Other creditors

1,007

1,008

487,602

484,324

6.

RESERVES

Revaluation

reserve

£

At 1 May 2016

and 30 April 2017

62,011

7.	RELATED PARTY DISCLOSURES

The company was under the control of it's two directors during the year, Mr J Renton and Mrs A Renton. The

ultimate controlling parties are it's shareholders, L Sutherland, P Maloney and S Smith.

AAA Coaches Ltd, a company owned and controlled by Mr J Renton and Mrs A Renton was owed £483,396

(2016 - £480,697) at the year end.

A Johnston Properties Ltd, a company under the same control was due the company £153,078 (2016 -

£153,948) at the year end.