R E G Properties Limited - Limited company - abbreviated - 11.9
R E G Properties Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| R E G Properties Limited |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| R E G Properties Limited (Registered number: 07660677) |
| Contents of the Abbreviated Accounts |
| for the year ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 6 |
| R E G Properties Limited |
| Company Information |
| for the year ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| R E G Properties Limited (Registered number: 07660677) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| R E G Properties Limited (Registered number: 07660677) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| 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 behalf by: |
| R E G Properties Limited (Registered number: 07660677) |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2015 |
| 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). |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Investment properties |
| Investment properties are shown at their open market value. The surplus or deficit arising from the |
| annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, |
| on an individual investment property is expected to be permanent, in which case it it recognised in |
| the profit and loss account for the year. |
| This is in accordance with SSAP 19 which, unlike Schedule 4 to the Companies Act 1985, does not |
| require depreciation of investment properties. Investment properties are held for their investment |
| potential and not for use by the company and so their current value is of prime importance. The |
| departure from the provisions of the Act is required in order to give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Going concern basis of accounting |
| The accounts have been prepared on the assumption that the company is able to carry on business as |
| a going concern, which the director considers appropriate having regard to the circumstances |
| outlined in a note to the accounts. |
| R E G Properties Limited (Registered number: 07660677) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 June 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 July 2014 |
| Disposals | ( |
) |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | 1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2015 and |
| 30 June 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The overdrawn directors loan accounts will be repaid within 9 months. |
| R E G Properties Limited (Registered number: 07660677) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 June 2015 |
| 5. | GOING CONCERN |
| The company will continue to receive full support from its directors. As a result the going concern |
| basis of accounting has been adopted. |