Revell & George Limited - Period Ending 2015-03-31

Registration number: 1975331

Revell & George Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Estate
Congleton
Cheshire
CW12 4TR

Revell & George Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Revell & George Limited
(Registration number: 1975331)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					244			271
Investments					281,212			226,859
					281,456			227,130
Current assets
Cash at bank and in hand					6,156			813
Creditors: Amounts falling due within one year					(71,295)			(66,302)
Net current liabilities					(65,139)			(65,489)
Net assets					216,317			161,641
Capital and reserves
Called up share capital		3			67,450			67,450
Share premium account					3,780			3,780
Capital redemption reserve					33,770			33,770
Revaluation reserve					52,814			(24,608)
Profit and loss account					58,503			81,249
Shareholders' funds					216,317			161,641

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 December 2015 and signed on its behalf by:

.........................................
Mr Peter Gordon
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Revell & George Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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).

Going concern

The accounts have been prepared on a going concern basis.

Turnover

Turnover represents dividends received.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Laptop Computer	10% reducing balance

Fixed asset investments

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Revell & George Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		271			226,859			227,130
Revaluations		-			77,421			77,421
Disposals		-			(23,068)			(23,068)
At 31 March 2015		271			281,212			281,483
Depreciation
Charge for the year		27			-			27
At 31 March 2015		27			-			27
Net book value
At 31 March 2015		244			281,212			281,456
At 31 March 2014		271			226,859			227,130

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		67,450			67,450			67,450			67,450

4

Control

The company is controlled by neither of the shareholders as each owns 50% of the share capital. There is no ultimate control.

Page 3