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REGISTERED NUMBER: SC162535 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BALNAFETTACH (ESTATES) LIMITED

BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALNAFETTACH (ESTATES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Mr W M Cassells
Mrs S O V Cassells



SECRETARY: Mr W M Cassells



REGISTERED OFFICE: Balnafettach
Cromdale
Moray
PH26 3LW



REGISTERED NUMBER: SC162535 (Scotland)



ACCOUNTANTS: MacKenzie Kerr Limited
65 High Street
Grantown on Spey
Moray
PH26 3EG



BANKERS: The Royal Bank of Scotland
59 High Street
Grantown on Spey
Moray
PH26 3EG

BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 307,709 320,682

CURRENT ASSETS
Stocks 13,659 22,248
Debtors 4 1,462 5,292
Cash at bank and in hand 19,798 4,056
34,919 31,596
CREDITORS
Amounts falling due within one year 5 2,488 1,689
NET CURRENT ASSETS 32,431 29,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,140

350,589

CREDITORS
Amounts falling due after more than one
year

6

(197,967

)

(194,492

)

PROVISIONS FOR LIABILITIES (103,314 ) (103,314 )
NET ASSETS 38,859 52,783

CAPITAL AND RESERVES
Called up share capital 95 95
Retained earnings 38,764 52,688
SHAREHOLDERS' FUNDS 38,859 52,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 16 March 2017 and were signed on its behalf by:




Mr W M Cassells - Director



Mrs S O V Cassells - Director


BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Balnafettach (Estates) Limited is a private company, limited by shares , registered in 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - at varying rates on cost
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 that have been enacted or
substantively enacted by the balance sheet date.

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.

BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2016 360,247 304,532 664,779
Additions - 6,052 6,052
Disposals - (23,398 ) (23,398 )
At 31 December 2016 360,247 287,186 647,433
DEPRECIATION
At 1 January 2016 74,409 269,688 344,097
Charge for year 6,493 9,453 15,946
Eliminated on disposal - (20,319 ) (20,319 )
At 31 December 2016 80,902 258,822 339,724
NET BOOK VALUE
At 31 December 2016 279,345 28,364 307,709
At 31 December 2015 285,838 34,844 320,682

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 1,462 5,292

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Taxation and social security 568 129
Other creditors 1,920 1,560
2,488 1,689

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Other creditors 197,967 194,492

Other creditors include a loan from the directors, Mr & Mrs W M Cassells, amounting to £4,176
(2015: £4,153). This loan is interest free and is repayable when the company has the necessary funds available.

7. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from OXYL8 Limited of £193,791 (2015 : £190,338).
Mr & Mrs W M Cassells are directors of both companies.

BALNAFETTACH (ESTATES) LIMITED (REGISTERED NUMBER: SC162535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, Mr & Mrs W M Cassells, by virtue of their 100% equal
ownership of the issued Ordinary Share Capital.