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REGISTERED NUMBER: SC298223 (Scotland)









Unaudited Financial Statements

for the Year Ended 31 May 2018

for

Active Change Limited

Active Change Limited (Registered number: SC298223)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Active Change Limited

Company Information
for the Year Ended 31 May 2018







DIRECTORS: A C Hildebrandt
Mrs V Hildebrandt





SECRETARY: A C Hildebrandt





REGISTERED OFFICE: 3 Barns Park
AYR
Ayrshire
KA7 2AH





REGISTERED NUMBER: SC298223 (Scotland)





ACCOUNTANTS: Campbell Dallas
3 Wellington Square
Ayr
Ayrshire
KA7 1EN

Active Change Limited (Registered number: SC298223)

Balance Sheet
31 May 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153 306
Investment property 5 1,675,000 1,675,000
1,675,153 1,675,306

CURRENT ASSETS
Debtors 6 5,521 21,259
Cash at bank 18,303 1,524
23,824 22,783
CREDITORS
Amounts falling due within one year 7 271,359 266,408
NET CURRENT LIABILITIES (247,535 ) (243,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,427,618

1,431,681

CREDITORS
Amounts falling due after more than one year 8 (729,881 ) (753,685 )

PROVISIONS FOR LIABILITIES 10 (58,638 ) (62,159 )
NET ASSETS 639,099 615,837

CAPITAL AND RESERVES
Called up share capital 11 4 2
Fair value reserve 12 438,540 438,540
Retained earnings 200,555 177,295
SHAREHOLDERS' FUNDS 639,099 615,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

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 9 November 2018 and were signed on its behalf by:





A C Hildebrandt - Director


Active Change Limited (Registered number: SC298223)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Active Change 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

TURNOVER
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of management
consultancy and property rental during the period, exclusive of 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.
Improvements to property - Straight line over 4 years
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

INVESTMENT PROPERTY
Investment property is included at fair value at the balance sheet date. Any surplus on revaluation is recognised in the
income statement. No amortisation or depreciation is provided in respect of freehold investment properties and leasehold
investment properties. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

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.

Deferred taxation is provided on revaluation gains at the rate expected to apply when the property is sold.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Active Change Limited (Registered number: SC298223)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017
and 31 May 2018 12,834
DEPRECIATION
At 1 June 2017 12,528
Charge for year 153
At 31 May 2018 12,681
NET BOOK VALUE
At 31 May 2018 153
At 31 May 2017 306

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2017
and 31 May 2018 1,675,000
NET BOOK VALUE
At 31 May 2018 1,675,000
At 31 May 2017 1,675,000

Fair value at 31 May 2018 is represented by:

£   
Valuation in 2018 438,540
Cost 1,236,460
1,675,000

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 1,236,460 1,236,460

Investment property was valued on an open market basis on 31 May 2018 by A Hildebrandt .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,325 21,255
VAT 3,196 4
5,521 21,259

Active Change Limited (Registered number: SC298223)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 23,804 22,561
Trade creditors - 2,100
Taxation 18,506 24,754
Social security and other taxes 540 489
Other creditors 10,600 10,575
Directors' current accounts 215,464 203,680
Accrued expenses 2,445 2,249
271,359 266,408

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 1-2 years 729,881 23,804
Bank loans - 2-5 years - 729,881
729,881 753,685

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 753,685 776,246

A first, fixed and floating charge is granted to Santander UK plc over all assets of the company.

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 58,638 62,159

Deferred
tax
£   
Balance at 1 June 2017 62,159
Provided during year (3,521 )
Balance at 31 May 2018 58,638

11. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 A £1 2 2
2 B £1 2 -
4 2

2 B shares of £1 each were allotted and fully paid for cash at par during the year.

Active Change Limited (Registered number: SC298223)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

12. RESERVES
Fair
value
reserve
£   
At 1 June 2017
and 31 May 2018 438,540

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2018 and 31 May 2017:

2018 2017
£    £   
A C Hildebrandt and Mrs V Hildebrandt
Balance outstanding at start of year (203,680 ) (203,073 )
Amounts advanced 54,944 46,843
Amounts repaid (66,728 ) (47,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (215,464 ) (203,680 )

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs A C Hildebrandt.