|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liberty Child Care Property (Elgin) |
Limited |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liberty Child Care Property (Elgin) |
Limited |
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2017 |
|
|
|
|
|
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Liberty Child Care Property (Elgin) |
Limited |
|
Company Information |
for the Year Ended 30 September 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
|
|
|
BANKERS: |
|
BBAM |
Bridle Road |
Bootle |
Merseyside |
L30 4GB |
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
Balance Sheet |
30 September 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
Balance Sheet - continued |
30 September 2017 |
|
|
|
|
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
behalf by: |
|
|
|
|
|
|
|
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
|
1. | STATUTORY INFORMATION |
|
Liberty Child Care Property (Elgin) Limited is a
|
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 |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 September 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in |
accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 October 2015. |
|
Turnover |
Turnover represents rental income. Rent is recognised in accordance with the lease agreement. |
Where there are lease incentives such as rent free periods the rent relating to these incentives is |
accrued and subsequently released of the full period of the lease agreement. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and |
subsequently measured at their settlement value.s. |
|
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. |
|
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
|
2. | 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. |
|
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. |
|
Hire purchase and leasing commitments |
Rentals applicable to operating leases where substantially all the benefits and risk of ownership |
remain with the leaser are charged against profits on a straight line basis over the period of the |
lease. |
|
3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2016 |
|
Disposals | ( |
) |
At 30 September 2017 |
|
DEPRECIATION |
At 1 October 2016 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 30 September 2017 |
|
NET BOOK VALUE |
At 30 September 2017 |
|
At 30 September 2016 |
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
|
|
Liberty Child Care Property (Elgin) |
Limited (Registered number: SC407180) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
|
Included with in other debtors is accrued income relates to a rent free incentive period, which is |
amortised over the period to the first rent review of May 2018. |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
6. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
7. | GOING CONCERN |
|
The financial statements have been prepared on the going concern principal which assumes that the |
company will continue to trade in the foreseeable future. In order to do so the company will require |
the continued support of its directors. The directors have indicated that they will continue to |
support the company. |
|
8. | FIRST YEAR ADOPTION |
|
In preparing the accounts, the directors have considered whether in applying the accounting |
policies required by FRS 102 a restatement of comparative items was needed. No restatements |
were required. Accordingly, no reconciliation of opening balances or net income / (expenditure) for |
the period has been prepared. |