REGISTERED NUMBER: SC254338 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

AC&H 180 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D R Corner

Mrs A C Corner

SECRETARY:

Mrs A C Corner

REGISTERED OFFICE:

6 Wellknowe Road

Thorntonhall

Glasgow

G74 5AH

REGISTERED NUMBER:

SC254338 (Scotland)

ACCOUNTANTS:

Consilium Chartered Accountants

169 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

2

30

371

Investments

3

1

-

Investment properties

4

270,000

270,000

270,031

270,371

CURRENT ASSETS

Debtors

1,200

2,010

Cash at bank

4,686

9,393

5,886

11,403

CREDITORS

Amounts falling due within one year

178,776

190,116

NET CURRENT LIABILITIES

(172,890

)

(178,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,141

91,658

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Revaluation reserve

11,656

11,656

Profit and loss account

75,485

70,002

SHAREHOLDERS' FUNDS

97,141

91,658

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 March 2017 and were signed on its behalf by:

D R Corner - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

The Company has adopted the Financial Reporting Standard for Smaller Entities (effective January 2015) and is

consequently exempt from the requirement to include a cash flow statement in the financial statements.

Turnover

The turnover shown in the profit and loss account represents rents receivable from property letting.

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

-

25% straight line

Computer equipment

-

25% straight line

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs

of acquisition.

Investment properties

In accordance with Financial Reporting Standard for Smaller Entities (effective January 2015) depreciation is not provided

on investment properties. Properties are revalued annually and revaluation surpluses are taken to the revaluation reserve.

Deficits on revaluation which are considered to be permanent are charged to the profit and loss account and subsequent

reversals are credited. Temporary deficits on revaluations are charged to the revaluation reserve up to the amount of the

associated revaluation surplus, and any excess deficits are charged to the profit and loss account.

The directors consider that this accounting policy results in the financial statements giving a true and fair view. The effect

of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of

the directors, would be misleading.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to

pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be

suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax

assets and liabilities recognised have not been discounted.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,

according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at

principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the

outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of

its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated

financial instrument.

Fixed asset investments

Investments are stated at cost less provision for any diminution of value, if such reduction is deemed to be of a permanent

nature.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

15,151

DEPRECIATION

At 1 September 2015

14,780

Charge for year

341

At 31 August 2016

15,121

NET BOOK VALUE

At 31 August 2016

30

At 31 August 2015

371

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1

At 31 August 2016

1

NET BOOK VALUE

At 31 August 2016

1

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Bankell Developments Limited

Nature of business: Property development

%

Class of shares:

holding

B shares

100.00

30/4/16

£

Aggregate capital and reserves

(5,100

)

Loss for the year

(2,330

)

4.	INVESTMENT PROPERTIES

Total

£

COST OR VALUATION

At 1 September 2015

and 31 August 2016

270,000

NET BOOK VALUE

At 31 August 2016

270,000

At 31 August 2015

270,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10,000

Ordinary

£1

10,000

10,000