Abbreviated Company Accounts - REAL ESTATE FINANCE PARTNERS LIMITED

Abbreviated Company Accounts - REAL ESTATE FINANCE PARTNERS LIMITED


Registered Number 06747107

REAL ESTATE FINANCE PARTNERS LIMITED

Abbreviated Accounts

31 March 2015

REAL ESTATE FINANCE PARTNERS LIMITED Registered Number 06747107

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,050 337
1,050 337
Current assets
Debtors - 12,262
Cash at bank and in hand 89,285 76,225
89,285 88,487
Creditors: amounts falling due within one year (15,032) (11,006)
Net current assets (liabilities) 74,253 77,481
Total assets less current liabilities 75,303 77,818
Total net assets (liabilities) 75,303 77,818
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 75,203 77,718
Shareholders' funds 75,303 77,818
  • 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 directors acknowledge their 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 Board on 15 June 2015

And signed on their behalf by:
T Welsh, Director

REAL ESTATE FINANCE PARTNERS LIMITED Registered Number 06747107

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

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

Fixtures, Fitting & equipment 25% reducing balance

Other accounting policies
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.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 April 2014 450
Additions 1,063
Disposals -
Revaluations -
Transfers -
At 31 March 2015 1,513
Depreciation
At 1 April 2014 113
Charge for the year 350
On disposals -
At 31 March 2015 463
Net book values
At 31 March 2015 1,050
At 31 March 2014 337
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100