RENCRAFT_LIMITED - Accounts

RENHOLDINGS CHAUCER LIMITED - Company Information

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Company Registration No. 01517547 (England and Wales)

RENCRAFT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

RENCRAFT LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RENCRAFT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,178,759

1,183,308

Investments

109

1,178,868

1,183,417

Current assets

Stocks

19,429

14,746

Debtors

76,913

85,868

Cash at bank and in hand

242,681

298,302

339,023

398,916

Creditors: amounts falling due within one year

(270,283)

(325,873)

Net current assets

68,740

73,043

Total assets less current liabilities

1,247,608

1,256,460

Provisions for liabilities

(2,026)

(2,719)

1,245,582

1,253,741

Capital and reserves

Called up share capital

100

Revaluation reserve

668,134

Profit and loss account

577,348

585,507

Shareholders' funds

1,245,582

1,253,741

RENCRAFT LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 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 year 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 22 December 2015

N Pile

Director

Company Registration No. 01517547

RENCRAFT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

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 amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

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

Freehold land and buildings

10 years straight line

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

No depreciation is provided on the freehold land and buildings, which is an investment property and is included in the accounts at the open market valuation of the company's directors. This is in compliance with the FRSSE but is a departure from the Companies Act 2006 and is considered necessary to give a true and fair view of the company's financial position.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

RENCRAFT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2014

1,244,546

109

1,244,655

Additions

1,579

Disposals

(1,173)

At 31 March 2015

1,244,952

109

1,245,061

Depreciation

At 1 April 2014

61,238

On disposals

(987)

Charge for the year

5,942

At 31 March 2015

66,193

Net book value

At 31 March 2015

1,178,759

109

1,178,868

At 31 March 2014

1,183,308

109

1,183,417

This comprises unquoted shares in Chaucer Business Park Limited, which is the management company for the Business Park on which the company's investment property is situated.

Share capital

2015

2014

Allotted, called up and fully paid

60 Ordinary 'A' shares of £1 each

40 Ordinary 'B' shares of £1 each

100

Ultimate parent company

The ultimate controlling party is Mr NJC Pile by virtue of his ownership of 98% of the issued A ordinary share capital of the company.