REGISTERED NUMBER: SC219179 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

A. & H. G. Properties Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Gardiner

A Gardiner

REGISTERED OFFICE:

47 - 49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED NUMBER:

SC219179 (Scotland)

ACCOUNTANTS:

Douglas Home & Co Ltd

Chartered Accountants

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Investment property

3

605,000

605,000

CURRENT ASSETS

Debtors

4

12,277

5,431

Cash at bank

7,459

5,626

19,736

11,057

CREDITORS

Amounts falling due within one year

5

128,838

137,985

NET CURRENT LIABILITIES

(109,102

)

(126,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

495,898

478,072

CREDITORS

Amounts falling due after more than one year

6

119,482

130,304

NET ASSETS

376,416

347,768

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

171,025

171,025

Retained earnings

205,291

176,643

376,416

347,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 July 2018 and were signed on its behalf by:

A Gardiner - Director

1.	STATUTORY INFORMATION

A. & H. G. Properties 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 as modified by the revaluation of certain assets.

Turnover

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

value added tax and other sales taxes.

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.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

and 31 October 2017

605,000

NET BOOK VALUE

At 31 October 2017

605,000

At 31 October 2016

605,000

Fair value at 31 October 2017 is represented by:

£

Valuation in 2016

171,025

Cost

433,975

605,000

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

31/10/17

31/10/16

£

£

Cost

439,475

433,975

Investment property was valued on an open market basis on 31 October 2016 by D M Hall .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Trade debtors

10,289

3,443

Prepayments and accrued income

1,988

1,988

12,277

5,431

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/17

31/10/16

£

£

Bank loans and overdrafts

10,923

12,474

Other loans

67,775

27,775

Trade creditors

19

-

Tax

6,901

3,549

Other creditors

-

5,625

Directors' current accounts

35,286

84,287

Accruals and deferred income

7,679

1,325

Accrued expenses

255

2,950

128,838

137,985

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/17

31/10/16

£

£

Bank loans - 1-2 years

10,923

10,923

Bank loans - 2-5 years

32,770

32,770

Bank loans more 5 yr by instal

75,789

86,611

119,482

130,304

31/10/17

31/10/16

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

75,789

86,611

7.

RESERVES

Revaluation

reserve

£

At 1 November 2016

and 31 October 2017

171,025

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2017 and

31 October 2016:

31/10/17

31/10/16

£

£

A Gardiner

Balance outstanding at start of year

(84,286

)

(76,247

)

Amounts advanced

49,000

2,000

Amounts repaid

-

(10,039

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(35,286

)

(84,286

)

9.	FIRST YEAR ADOPTION

The policies applied under the company's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit.