REGISTERED NUMBER: SC260180 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2017

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

6,145

7,906

Investment property

5

5,329,248

5,512,441

5,335,393

5,520,347

CURRENT ASSETS

Debtors

6

33,452

29,927

Cash at bank

56,103

106,708

89,555

136,635

CREDITORS

Amounts falling due within one year

7

191,628

143,981

NET CURRENT LIABILITIES

(102,073

)

(7,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,233,320

5,513,001

CREDITORS

Amounts falling due after more than one year

8

(2,282,937

)

(2,501,653

)

PROVISIONS FOR LIABILITIES

(404,747

)

(441,157

)

NET ASSETS

2,545,636

2,570,191

CAPITAL AND RESERVES

Called up share capital

2

2

Fair Value Reserve

10

1,509,096

1,569,827

Retained earnings

1,036,538

1,000,362

SHAREHOLDERS' FUNDS

2,545,636

2,570,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16 April 2018 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Debtors and creditors receivable /payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative costs.

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 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

2,669

45,222

13,452

61,343

Additions

97

-

-

97

At 31 December 2017

2,766

45,222

13,452

61,440

DEPRECIATION

At 1 January 2017

1,962

38,888

12,587

53,437

Charge for year

161

1,267

430

1,858

At 31 December 2017

2,123

40,155

13,017

55,295

NET BOOK VALUE

At 31 December 2017

643

5,067

435

6,145

At 31 December 2016

707

6,334

865

7,906

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at

the end of each accounting period.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

5,512,441

Additions

190,617

Disposals

(373,810

)

At 31 December 2017

5,329,248

NET BOOK VALUE

At 31 December 2017

5,329,248

At 31 December 2016

5,512,441

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.

The investment properties were valued at fair value on 31 December 2017 by the company directors. Gains are

recognised in the statement of income and retained earnings. Deferred taxation is provided on these gains at the

rate expected to apply when the properties are sold.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

3,200

-

Other debtors

30,252

29,927

33,452

29,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts (see note 9)

80,993

73,875

Trade creditors

3,561

3,568

Taxation and social security

10,750

13,667

Other creditors

96,324

52,871

191,628

143,981

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans (see note 9)

2,282,937

2,501,653

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

942,146

934,521

9.

LOANS

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

10.

RESERVES

Fair

Value

Reserve

£

At 1 January 2017

1,569,827

Disposal of Property

(60,731

)

At 31 December 2017

1,509,096