Red Lynch Properties Limited - Limited company - abbreviated - 11.0.0
Red Lynch Properties Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 30 June 2014 |
for |
Red Lynch Properties Limited |
Red Lynch Properties Limited (Registered number: 05115917) |
Contents of the Abbreviated Accounts |
for the year ended 30 June 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Red Lynch Properties Limited |
Company Information |
for the year ended 30 June 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Red Lynch Properties Limited (Registered number: 05115917) |
Abbreviated Balance Sheet |
30 June 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
1,300,630 | 1,286,736 |
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 financial statements were approved by the director on |
Red Lynch Properties Limited (Registered number: 05115917) |
Notes to the Abbreviated Accounts |
for the year ended 30 June 2014 |
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 represents net invoiced sales of goods, excluding value added tax. |
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. |
In accordance with the provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) |
["FRSSE 2008"], no depreciation has been provided in respect of investment properties. This departure from the |
requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the director, |
necessary for the financial statements to give a true and fair view in accordance with applicable accounting |
standards. |
The investment properties have been included in the balance sheet at cost and not open market value. This is |
not in accordance with the requirements of FRSSE 2008. The director considers that the cost of revaluing the |
properties at the year end would be out of proportion to the value of the information obtained. |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 July 2013 |
and 30 June 2014 |
NET BOOK VALUE |
At 30 June 2014 |
At 30 June 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2014 | 2013 |
£ | £ |
Repayable by instalments |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |