Company Registration No. SC141656 (Scotland)
Redding Park Development Company Limited
Unaudited accounts
for the year ended 31 March 2017
Redding Park Development Company Limited
Unaudited accounts
Contents
Redding Park Development Company Limited
Company Information
for the year ended 31 March 2017
Director
Gordon Murray MacPherson
Secretary
Linda Mary Farquharson
Company Number
SC141656 (Scotland)
Registered Office
5 TRAPRAIN TERRACE
HADDINGTON
EAST LOTHIAN
EH41 3QD
Redding Park Development Company Limited
Statement of financial position
as at
31 March 2017
Tangible assets
6,387
7,984
Investments
203,905
203,905
Inventories
3,200,000
3,200,000
Cash at bank and in hand
25,558
-
Creditors: amounts falling due within one year
(3,696,275)
(3,582,965)
Net current liabilities
(439,815)
(254,030)
Total assets less current liabilities
(229,523)
(42,141)
Creditors: amounts falling due after more than one year
(200,000)
(250,000)
Net liabilities
(429,523)
(292,141)
Called up share capital
1,000
1,000
Revaluation reserve
300,000
300,000
Profit and loss account
(730,523)
(593,141)
Shareholders' funds
(429,523)
(292,141)
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 December 2017.
Gordon Murray MacPherson
Director
Company Registration No. SC141656
Redding Park Development Company Limited
Notes to the Accounts
for the year ended 31 March 2017
Redding Park Development Company Limited is a private company, limited by shares, registered in Scotland, registration number SC141656. The registered office is 5 TRAPRAIN TERRACE, HADDINGTON, EAST LOTHIAN, EH41 3QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Redding Park Development Company Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
77,894
51,361
129,255
At 31 March 2017
77,894
51,361
129,255
At 1 April 2016
72,863
48,408
121,271
Charge for the year
1,006
591
1,597
At 31 March 2017
73,869
48,999
122,868
At 31 March 2017
4,025
2,362
6,387
At 31 March 2016
5,031
2,953
7,984
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2016
200,000
3,905
203,905
Valuation at 31 March 2017
200,000
3,905
203,905
Finished goods
3,200,000
3,200,000
Accrued income and prepayments
-
51,601
Other debtors
30,902
73,032
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
2,879,460
3,015,107
Other creditors
7,146
2,787
Loans from directors
809,669
565,071
9
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
200,000
250,000
Redding Park Development Company Limited
Notes to the Accounts
for the year ended 31 March 2017
10
Share capital
2017
2016
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
11
Average number of employees
During the year the average number of employees was 0 (2016: 0).