Abbreviated Company Accounts - RIVERS DEVELOPMENTS LIMITED

RIVERS DEVELOPMENTS LIMITED - Company Information

07274799 RIVERS DEVELOPMENTS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07274799 2014-07-01 2015-06-30 07274799 2015-06-30 07274799 2014-06-30 07274799 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07274799 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:Director3 2014-06-30 iso4217:GBP shares

Registered Number 07274799

RIVERS DEVELOPMENTS LIMITED

Abbreviated Accounts

30 June 2015

RIVERS DEVELOPMENTS LIMITED Registered Number 07274799

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	840	1,680
Investments		-	-
		840	1,680
Current assets
Stocks		365,708	357,625
Debtors		-	-
Investments		-	-
Cash at bank and in hand		86	970
		365,794	358,595
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(454,175)	(437,580)
Net current assets (liabilities)		(88,381)	(78,985)
Total assets less current liabilities		(87,541)	(77,305)
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(87,541)	(77,305)
Capital and reserves
Called up share capital		5	5
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(87,546)	(77,310)
Shareholders' funds		(87,541)	(77,305)

For the year ending 30 June 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 29 March 2016

And signed on their behalf by:
G Rivers, Director

RIVERS DEVELOPMENTS LIMITED Registered Number 07274799

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Motor vehicles - 25% straight line

Other accounting policies
Stock is calculated at the lower of cost and net realisable value.

The company is carrying out a long term project to renovate a property, and expects to generate a significant profit from this, once the work is complete and the property is sold. The directors plan to reinvest this profit in another property. The company has a significant loan from the directors, which is being used to fund the trading activities, and the directors have confirmed that repayment of this loan will not be required until such time as the company is in a position to do so.

2Tangible fixed assets

	£
Cost
At 1 July 2014	4,200
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2015	4,200
Depreciation
At 1 July 2014	2,520
Charge for the year	840
On disposals	-
At 30 June 2015	3,360
Net book values
At 30 June 2015	840
At 30 June 2014	1,680

3Transactions with directors

Name of director receiving advance or credit:	G Rivers and A Rivers
Description of the transaction:	Loan to company
Balance at 1 July 2014:	£ 335,306
Advances or credits made:	£ 11,839
Advances or credits repaid:	-
Balance at 30 June 2015:	£ 347,145

The directors jointly loaned funds to the company during the period. No fixed terms for repayment of this loan have been agreed, and no interest was charged during the period (2014: £16,765 charged at 5%).