A & J Investments (Scotland) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC260180 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2018

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

21,379

6,145

Investment property

5

5,178,463

5,329,248

5,199,842

5,335,393

CURRENT ASSETS

Debtors

6

33,705

33,452

Cash at bank

40,952

56,103

74,657

89,555

CREDITORS

Amounts falling due within one year

7

1,478,507

191,628

NET CURRENT LIABILITIES

(1,403,850

)

(102,073

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,795,992

5,233,320

CREDITORS

Amounts falling due after more than one
year

8

(838,269

)

(2,282,937

)

PROVISIONS FOR LIABILITIES

(235,327

)

(404,747

)

NET ASSETS

2,722,396

2,545,636

CAPITAL AND RESERVES

Called up share capital

2

Fair Value Reserve

10

1,509,096

Retained earnings

1,213,298

1,036,538

SHAREHOLDERS' FUNDS

2,722,396

2,545,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 29 March 2019 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2018

2,766

45,222

-

13,452

61,440

Additions

1,887

-

20,000

429

22,316

At 31 December 2018

4,653

45,222

20,000

13,881

83,756

DEPRECIATION

At 1 January 2018

2,123

40,155

-

13,017

55,295

Charge for year

506

1,013

5,000

563

7,082

At 31 December 2018

2,629

41,168

5,000

13,580

62,377

NET BOOK VALUE

At 31 December 2018

2,024

4,054

15,000

301

21,379

At 31 December 2017

643

5,067

-

435

6,145

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 2018

5,329,248

Additions

86,786

Disposals

(237,571

)

At 31 December 2018

5,178,463

NET BOOK VALUE

At 31 December 2018

5,178,463

At 31 December 2017

5,329,248

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 2018 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

31.12.18

31.12.17

£

Trade debtors

-

3,200

Other debtors

33,705

30,252

33,705

33,452

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Bank loans and overdrafts (see note 9)

1,382,008

80,993

Hire purchase contracts

5,333

-

Trade creditors

-

3,561

Taxation and social security

7,517

10,750

Other creditors

83,649

96,324

1,478,507

191,628

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.18

31.12.17

£

Bank loans (see note 9)

828,936

2,282,937

Hire purchase contracts

9,333

-

838,269

2,282,937

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

143,420

942,146

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 2018

and 31 December 2018

1,509,096