REGAD PROPERTIES LIMITED - Abbreviated accounts

REGAD PROPERTIES LIMITED - Company Information

Registered number

03750061

REGAD PROPERTIES LIMITED

Abbreviated Accounts

30 September 2014

REGAD PROPERTIES LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of REGAD PROPERTIES LIMITED for the year ended 30 September 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of REGAD PROPERTIES LIMITED for the year ended 30 September 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Key Business Consultants
Chartered Accountants
110-112 Kings Road
London
SW3 4TY

20 February 2015

REGAD PROPERTIES LIMITED
Registered number:		03750061
Abbreviated Balance Sheet
as at 30 September 2014

Notes			2014			2013
£				£
Current assets
Debtors		31,379			8,401
Cash at bank and in hand		410			392
		31,789			8,793


Net current assets			31,789			8,793

Net assets			31,789			8,793

Capital and reserves
Called up share capital	2		80,000			80,000
Revaluation reserve			(156,896)			(156,896)
Profit and loss account			108,685			85,689

Shareholders' funds			31,789			8,793

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr G Green
Director
Approved by the board on 20 February 2015

REGAD PROPERTIES LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 September 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Investment property is shown at market value and are not depreciated in order to give a true and fair value of the property.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		80,000		80,000		80,000