Redcliffe Developments Limited - Period Ending 2015-06-30

 
 
 
 
 
 
 
  Redcliffe Developments Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 June 2015
 
  Company Registration Number: 01380170

Redcliffe Developments Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Redcliffe Developments Limited
Abbreviated Balance Sheet
30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,238,513			1,239,470
Current assets
Debtors					62			435
Cash at bank and in hand					138,064			215,207
					138,126			215,642
Creditors: Amounts falling due within one year					(35,275)			(51,070)
Net current assets					102,851			164,572
Total assets less current liabilities					1,341,364			1,404,042
Creditors: Amounts falling due after more than one year					(6,200)			(8,800)
Net assets					1,335,164			1,395,242
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					905,360			905,360
Profit and loss account					429,704			489,782
Shareholders' funds					1,335,164			1,395,242

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Redcliffe Developments Limited
Abbreviated Balance Sheet
30 June 2015 ......... continued

For the year ending 30 June 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 1 December 2015 and signed on its behalf by:

Mr G L Johnson
Director

Company Registration Number: 01380170

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

Redcliffe Developments Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 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 represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	20% reducing balance
Motor Vehicles	25% reducing balance

Investment properties

The investment property is carried in the financial statements at its open market value. The directors' views are that an annual professional valuation of the property would not materially affect the value shown in the accounts. In the opinion of the directors, the valuation shown in the accounts is representative of the current open market value of the property.

Fixed asset investments

The investment property was revalued by the directors during the year ended 30 June 1993 at an estimated open market value of £1,150,000, subsequently there were additions in the year ended 30 June 2012 totalling £88,444 with the same balance remaining in this years accounts. In the opinion of the directors, the value shown in the accounts is representative of the current open market value of the property.

Page 3

Redcliffe Developments Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		1,246,925			1,246,925
Disposals		(6,495)			(6,495)
At 30 June 2015		1,240,430			1,240,430
Depreciation
At 1 July 2014		7,455			7,455
Charge for the year		17			17
Eliminated on disposals		(5,555)			(5,555)
At 30 June 2015		1,917			1,917
Net book value
At 30 June 2015		1,238,513			1,238,513
At 30 June 2014		1,239,470			1,239,470

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100

Page 4