Academy Developments (Crieff) Limited SC142253 false true 2014-01-01 2014-12-31 2014-12-31 SC142253 2014-01-01 2014-12-31 SC142253 2014-12-31 SC142253 uk-bus:OrdinaryShareClass1 2014-12-31 SC142253 uk-bus:Director1 2014-01-01 2014-12-31 SC142253 uk-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 SC142253 2013-12-31 SC142253 2013-12-31 SC142253 uk-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP xbrli:shares

Registration number: SC142253

Academy Developments (Crieff) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

 

Academy Developments (Crieff) Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Academy Developments (Crieff) Limited
(Registration number: SC142253)
Abbreviated Balance Sheet at 31 December 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

-

   

124,292

 

Current assets

 

             

Cash at bank and in hand

 

   

71,214

   

174

 

Creditors: Amounts falling due within one year

 

   

(2,262)

   

(20,750)

 

Net current assets/(liabilities)

 

   

68,952

   

(20,576)

 

Total assets less current liabilities

 

   

68,952

   

103,716

 

Creditors: Amounts falling due after more than one year

 

   

-

   

(29,250)

 

Net assets

 

   

68,952

   

74,466

 

Capital and reserves

 

             

Called up share capital

 

3

   

1,500

   

1,500

 

Share premium account

 

   

12,348

   

12,348

 

Profit and loss account

 

   

55,104

   

60,618

 

Shareholders' funds

 

   

68,952

   

74,466

 

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 10 September 2015 and signed on its behalf by:

.........................................
Dr W N Duff
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Academy Developments (Crieff) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amounnt which might otherwise have been shown cannot be seperately identified or quanitified.



Deferred tax

Defered tax is recognised in respect of all timing differences that have originated but not revesed at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Academy Developments (Crieff) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2014

 

124,292

   

124,292

 

Disposals

 

(124,292)

   

(124,292)

 

At 31 December 2014

 

-

   

-

 

Depreciation

           

At 31 December 2014

 

-

   

-

 

Net book value

           

At 31 December 2014

 

-

   

-

 

At 31 December 2013

 

124,292

   

124,292

 

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1,500

   

1,500

   

1,500

   

1,500