Residential Freeholds Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05413818 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

RESIDENTIAL FREEHOLDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

L C Freilich

SECRETARY:

Mrs Sterna Freilich

REGISTERED OFFICE:

5 Sentinel Square

Hendon

London

NW4 2EL

REGISTERED NUMBER:

05413818 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

FIXED ASSETS

Tangible assets

2

-

2,200

Investments

3

12,083

-

Investment property

4

781,540

770,887

793,623

773,087

CURRENT ASSETS

Debtors

36,069

353,009

Cash at bank

654

200

36,723

353,209

CREDITORS

Amounts falling due within one year

5

(144,813

)

(427,510

)

NET CURRENT LIABILITIES

(108,090

)

(74,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

685,533

698,786

CREDITORS

Amounts falling due after more than one year

5

(155,177

)

(169,296

)

NET ASSETS

530,356

529,490

CAPITAL AND RESERVES

Called up share capital

6

1

1

Revaluation reserve

451,098

451,098

Profit and loss account

79,257

78,391

SHAREHOLDERS' FUNDS

530,356

529,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 May 2014 and were signed by:

L C Freilich - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents invoiced ground rents on investment properties and insurance commissions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

No depreciation is provided in respect of these properties in accordance with the FRSSE. This is a departure

from the requirements of the Companies Act 2006 that depreciation is charged to systematically write off the cost

of assets over their useful economic lives. These properties are held primarily for investment and any trading

income derived from them is incidental. As such, the director considers depreciation of these properties to be

inappropriate. The policy adopted is considered necessary for the financial statements to give a true and fair

view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

8,800

DEPRECIATION

At 1 January 2013

6,600

Charge for year

2,200

At 31 December 2013

8,800

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

2,200

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

12,083

At 31 December 2013

12,083

NET BOOK VALUE

At 31 December 2013

12,083

The company's investments at the balance sheet date in the share capital of companies include the following:

Robshaws South West Limited

Nature of business: Trading in real estate

%

Class of shares:

holding

Ordinary

100.00

31.5.13

£

Aggregate capital and reserves

1

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2013

770,887

Additions

10,653

At 31 December 2013

781,540

NET BOOK VALUE

At 31 December 2013

781,540

At 31 December 2012

770,887

5.

CREDITORS

Creditors include an amount of £ 166,594 (2012 - £ 174,304 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable by instalments

110,875

146,231

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Residential Freeholds Limited for the year ended 31 December 2013 which comprise the Profit

and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses 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 (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Residential Freeholds Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of Residential Freeholds

Limited and state those matters that we have agreed to state to the director of Residential Freeholds Limited in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do

not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Residential Freeholds Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Residential Freeholds Limited. You consider that Residential Freeholds 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 financial statements of Residential Freeholds

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 financial

statements.

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

15 May 2014