RENT_RELIABLE_LIMITED - Accounts

RENT RELIABLE LIMITED - Company Information

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Company Registration No. 08877391 (England and Wales)

RENT RELIABLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2015

RENT RELIABLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RENT RELIABLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

10,183

Current assets

Debtors

9,660

Cash at bank and in hand

58,967

68,627

Creditors: amounts falling due within one year

(26,222)

Net current assets

42,405

Total assets less current liabilities

52,588

Creditors: amounts falling due after more than one year

(50,000)

2,588

Capital and reserves

Called up share capital

4,000

Profit and loss account

(1,412)

Shareholders' funds

2,588

For the financial Period ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 June 2015

Ms A V Skilakos

Mr B B Seebohm

Director

Company Registration No. 08877391

RENT RELIABLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rent receivable .rent receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

3 years straight line

Fixtures, fittings & equipment

3 years straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 5 February 2014

Additions

11,443

At 28 February 2015

11,443

Depreciation

At 5 February 2014

Charge for the period

1,260

At 28 February 2015

1,260

Net book value

At 28 February 2015

10,183

RENT RELIABLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 28 FEBRUARY 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

4,000 Ordinary of £1 each

4,000

During the period 4000 ordinary £1 shares were issued at par and fully paid up.

Related party relationships and transactions

Directors' loan

During the period, the directors made a joint loan to the company of £15,000. The loan is interest free and unsecured. At 28 February 2015 the balance was £7,081.