Registered Number SC036300

DONALDSON PROPERTIES LIMITED

Abbreviated Accounts

30 November 2012

DONALDSON PROPERTIES LIMITED Registered Number SC036300

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 14,984 15,078
Investments 3 1,500,000 1,500,000
1,514,984 1,515,078
Current assets
Debtors 203,558 191,424
Cash at bank and in hand 162,372 139,763
365,930 331,187
Creditors: amounts falling due within one year (19,756) (29,522)
Net current assets (liabilities) 346,174 301,665
Total assets less current liabilities 1,861,158 1,816,743
Total net assets (liabilities) 1,861,158 1,816,743
Capital and reserves
Called up share capital 4 34 34
Revaluation reserve 696,198 696,198
Other reserves 3 3
Profit and loss account 1,164,923 1,120,508
Shareholders' funds 1,861,158 1,816,743
  • For the year ending 30 November 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 August 2013

And signed on their behalf by:
Ranald Stewart, Director

DONALDSON PROPERTIES LIMITED Registered Number SC036300

Notes to the Abbreviated Accounts for the period ended 30 November 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 15% reducing balance

Other accounting policies
Investment properties policy

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

2 Tangible fixed assets
£
Cost
At 1 December 2011 68,288
Additions 2,168
Disposals -
Revaluations -
Transfers -
At 30 November 2012 70,456
Depreciation
At 1 December 2011 53,210
Charge for the year 2,262
On disposals -
At 30 November 2012 55,472
Net book values
At 30 November 2012 14,984
At 30 November 2011 15,078

3Fixed assets Investments
Valuation as at 1 December 2011 and 30 November 2012 £1,500,000.

The valuation for 2012 was made by the directors on an open market value for existing use basis.

The original cost of the investments as at 30 November 2012 was £803,802 and the revaluation reserve amount was £696,198

4 Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
672 Ordinary shares of £0.05 each 34 34

5Transactions with directors

Name of director receiving advance or credit: R D Stewart
Description of the transaction: Loan
Balance at 1 December 2011: £ 79,960
Advances or credits made: £ 3,880
Advances or credits repaid: -
Balance at 30 November 2012: £ 83,840
Name of director receiving advance or credit: Mrs D Stewart
Description of the transaction: Loan
Balance at 1 December 2011: £ 79,959
Advances or credits made: £ 3,881
Advances or credits repaid: -
Balance at 30 November 2012: £ 83,840


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