Reid Property Investments Limited - Period Ending 2015-03-31

Registration number: 08396037

Reid Property Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Reid Property Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Reid Property Investments Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reid Property Investments Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Reid Property Investments Limited , as a body, in accordance with the terms of our engagement letter dated 8 February 2013 . Our work has been undertaken solely to prepare for your approval the accounts of Reid Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reid Property Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Reid Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reid Property Investments Limited. You consider that Reid Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Reid Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

30 April 2015

Page 1

Reid Property Investments Limited
(Registration number: 08396037)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					342,588			342,588
Current assets
Debtors					7,099			805
Cash at bank and in hand					46,508			49,023
					53,607			49,828
Creditors: Amounts falling due within one year					(383,729)			(389,361)
Net current liabilities					(330,122)			(339,533)
Net assets					12,466			3,055
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					12,465			3,054
Shareholders' funds					12,466			3,055

For the year ending 31 March 2015 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 director acknowledges his 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 director on 30 April 2015

.........................................
Mr Keith Wiggins
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Reid Property Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover is derived from rents received

Depreciation

Depreciation is not required to be applied to the properties.

Asset class	Depreciation method and rate
Properties	N/A

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		342,588			342,588
At 31 March 2015		342,588			342,588
Depreciation
At 31 March 2015		-			-
Net book value
At 31 March 2015		342,588			342,588
At 31 March 2014		342,588			342,588

Page 3

Reid Property Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

Page 4