R.T.Palmer (Estates) Limited - Limited company - abbreviated

REGISTERED NUMBER: 01415610 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

R.T.PALMER (ESTATES) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

R T Palmer

SECRETARY:

C J Andrews

REGISTERED OFFICE:

Albion Dockside Building

Hanover Place

Bristol

BS1 6UT

REGISTERED NUMBER:

01415610 (England and Wales)

ACCOUNTANTS:

R S Porter & Co Limited

Albion Dockside Building

Hanover Place

Bristol

BS1 6UT

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 three to six)

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 R.T.Palmer (Estates) Limited for the year ended 31 March 2015 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 R.T.Palmer (Estates) Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.T.Palmer

(Estates) Limited and state those matters that we have agreed to state to the director of R.T.Palmer (Estates) 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 R.T.Palmer (Estates) 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

R.T.Palmer (Estates) Limited. You consider that R.T.Palmer (Estates) 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 R.T.Palmer (Estates)

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.

R S Porter & Co Limited

Albion Dockside Building

Hanover Place

Bristol

BS1 6UT

1 December 2015

FIXED ASSETS

Tangible assets

2

2,244,971

2,867,471

CURRENT ASSETS

Debtors

-

4,596

Cash in hand

968,493

32,615

968,493

37,211

CREDITORS

Amounts falling due within one year

(838,337

)

(617,235

)

NET CURRENT ASSETS/(LIABILITIES)

130,156

(580,024

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,375,127

2,287,447

CREDITORS

Amounts falling due after more than one
year

3

(247,385

)

(272,546

)

NET ASSETS

2,127,742

2,014,901

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

1,354,300

1,326,800

Profit and loss account

773,342

688,001

SHAREHOLDERS' FUNDS

2,127,742

2,014,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 1 December 2015 and were signed by:

R T Palmer - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

2,869,156

Disposals

(737,500

)

Revaluations

115,000

At 31 March 2015

2,246,656

DEPRECIATION

At 1 April 2014

and 31 March 2015

1,685

NET BOOK VALUE

At 31 March 2015

2,244,971

At 31 March 2014

2,867,471

3.

CREDITORS

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

2015

2014

£

Repayable by instalments

124,985

150,146

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

Masterloader Limited

A company of which Mr R T Palmer is a director and shareholder

There were no transactions made during the year.

R T Palmer (Pilning) Limited

A company which Mr R T Palmer is a director and shareholder

A management charge of £18,000 (2014 £18,000) was paid during the year to R T Palmer (Pilning) Limited.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Masterloader Limited.

The ultimate controlling party is R T Palmer.

R.T.Palmer (Estates) Limited - Limited company - abbreviated - 11.0.0

R.T.Palmer (Estates) Limited - Limited company - abbreviated - 11.0.0