R & C Property Services Limited - Limited company - abbreviated - 11.9
R & C Property Services Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 August 2015 |
| for |
| R & C Property Services Limited |
| R & C Property Services Limited (Registered number: 08536491) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 4 |
| R & C Property Services Limited |
| Company Information |
| for the Year Ended 31 August 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| R & C Property Services Limited (Registered number: 08536491) |
| Abbreviated Balance Sheet |
| 31 August 2015 |
| 31.8.15 | 31.8.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| R & C Property Services Limited (Registered number: 08536491) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover relates to rental income from the freehold property owned by the company. |
| Rental income is recognised in the period the rent is due. |
| 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. |
| Investment property is shown at the most recent valuation made by the Directors. In accordance with SSAP 19 |
| no depreciation is provided in respect of freehold investment properties. |
| Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the |
| directors believe that this policy of not providing depreciation is necessary in order for the accounts to give a true |
| and fair view, since the current value of investment properties, and changes in the current value, are of prime |
| importance rather than a calculation of systematic annual depreciation. Depreciation is only one of many factors |
| reflected in annual valuation, and the amount which might otherwise have been shown cannot be separately |
| identified or quantified. |
| Going concern |
| Although the company in its current and previous years of trading has net current liabilities, the directors confirm |
| that the company is a going concern as the directors assure that the amount the company owes them will not be |
| recalled until the company can afford to do so. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| and 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
| value: | £ | £ |
| Ordinary | 1 |
| 4. | ULTIMATE PARENT COMPANY |
| Sun Display Investments Ltd holds 100% of the shares of the company. |
| Mr and Mrs Cranfield hold 100% of the shares of Sun Display Investments Ltd. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| R & C Property Services Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| 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 & C Property Services Limited for the year ended 31 August 2015 which comprise the Profit |
| and Loss Account, the Balance Sheet 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 Board of Directors of R & C Property Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R & C Property Services Limited and state those matters that we have agreed to state to the Board of Directors of R & C Property Services Limited, as a body, 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 Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that R & C Property Services 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 & C Property Services Limited. You consider that R & C Property Services 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 & C Property Services |
| 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. |
| 14 January 2016 |