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Unaudited Financial Statements |
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for the Year Ended 30 September 2017 |
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for |
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Birchgrove Properties (Glasgow) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2017 |
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for |
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Birchgrove Properties (Glasgow) Limited |
Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Birchgrove Properties (Glasgow) Limited |
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Company Information |
for the Year Ended 30 September 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountants |
Titanium 1 |
King's Inch Place |
Renfrew |
PA4 8WF |
Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Balance Sheet |
30 September 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Other reserves |
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Fair value reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Balance Sheet - continued |
30 September 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
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1. | STATUTORY INFORMATION |
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Birchgrove Properties (Glasgow) Limited is a
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Scotland. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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Monetary amounts in these financial statements are rounded to the nearest £. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has transitioned to FRS 102 from previously extant UK GAAP as at 01 October 2016. |
The reported financial position and financial performance for the previous period are not affected by |
the transition to FRS 102. |
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Turnover |
Turnover represents amounts receivable by the company from rents of properties. |
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Tangible fixed assets and depreciation |
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Fixtures and fittings | - |
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Investment property |
Investment properties are held at fair value. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1 October 2016 |
and 30 September 2017 |
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DEPRECIATION |
At 1 October 2016 |
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Charge for year |
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At 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 October 2016 |
and 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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Birchgrove Properties (Glasgow) Limited (Registered number: SC112987) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Other creditors |
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Accrued expenses |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 90,002 | 90,002 |
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A Ordinary | £1 | 2 | 2 |
90,004 | 90,004 |
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9. | FIRST YEAR ADOPTION |
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For all periods up to and including the year ended 30 September 2016, the Company prepared its |
financial statements in accordance with previously extant United Kingdom generally accepted |
accounting practice (UK GAAP). These financial statements, for the year ended 30 September 2017 |
are the first year the Company has prepared in accordance with FRS102. The significant accounting |
policies in meeting those requirements are described in relevant notes. |
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In preparing these financial statements, the Company started from an opening balance sheet at the |
Company's date of transition to FRS 102, and made those changes in accounting policies and other |
restatements required for the first-time adoption of FRS102. There has been no material impact to the |
Company's financial position, results or cashflows as a result of restating its financial statements. |