Registered Number SC442379
THE LINDORES DISTILLING CO. LTD
Abbreviated Accounts
28 February 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
|
|
Total assets less current liabilities |
( |
|
|
Total net assets (liabilities) |
( |
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
|
|
Shareholders' funds |
( |
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern. The company is undertaking a unique opportunity to create a new Scotch whisky distillery. Funding has been sourced for the project.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Tangible assets depreciation policy
Assets under construction are to be depreciated once brought into use.
Land and Buildings straight line 2%
Other accounting policies
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
£ | |
---|---|
Cost | |
At 1 March 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 28 February 2015 |
|
Depreciation | |
At 1 March 2014 |
|
Charge for the year |
|
On disposals |
|
At 28 February 2015 |
|
Net book values | |
At 28 February 2015 | 25,777 |
At 28 February 2014 | 0 |