true
McLeish Properties Ltd
SC237009
2016-08-31
1031638
987618
3332180
3226728
112
112
1637040
1575608
663390
663390
3332180
3226728
157134
152567
3489314
3379295
7520
-8506
33917
33997
41437
25491
4354
2750
37083
22741
3481794
3387801
3002032
3000158
479762
387643
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view.
Deferred taxation
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, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is 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 is measured on an undiscounted basis at the 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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
Equipment
Method for Equipment
0.0000
3003370
3001121
2249
1338
963
375
479762
387643
30687
61432
3483132
3388764
32936
61432
1338
963
375
Ordinary 'A'
50
1
50
50
Ordinary 'B'
100
1
100
100
Ordinary 'C'
50
1
50
50
Ordinary 'A'
1
50
50
50
Ordinary 'B'
1
12
12
12
Ordinary 'C'
1
50
50
50
The company was under the control of Mr and Mrs McLeish throughout the current and previous year. Mr and Mrs McLeish are the directors and majority shareholders of the company. At the year end the company owed Mr McLeish £1,791 (last year £2,312).
2017-01-12
Stewart McLeish
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
McLeish Properties Ltd
2015-09-01
2016-08-31
McLeish Properties Ltd
2014-09-01
2015-08-31
McLeish Properties Ltd
2014-08-31
McLeish Properties Ltd
2015-08-31
McLeish Properties Ltd
2015-08-31
McLeish Properties Ltd
2016-08-31
2017-01-16