Abbreviated Company Accounts - REACHVIEW PROPERTIES LIMITED

REACHVIEW PROPERTIES LIMITED - Company Information

04026167 REACHVIEW PROPERTIES LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 04026167 2014-11-01 2015-10-31 04026167 2015-10-31 04026167 2014-10-31 04026167 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 04026167 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 04026167

REACHVIEW PROPERTIES LIMITED

Abbreviated Accounts

31 October 2015

REACHVIEW PROPERTIES LIMITED Registered Number 04026167

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,412,404	1,412,404
		1,412,404	1,412,404
Current assets
Debtors		181,873	182,186
Cash at bank and in hand		3,272	750
		185,145	182,936
Creditors: amounts falling due within one year		(728,378)	(722,394)
Net current assets (liabilities)		(543,233)	(539,458)
Total assets less current liabilities		869,171	872,946
Creditors: amounts falling due after more than one year		(474,280)	(499,102)
Total net assets (liabilities)		394,891	373,844
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		292,426	292,426
Profit and loss account		102,464	81,417
Shareholders' funds		394,891	373,844

For the year ending 31 October 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 24 February 2016

And signed on their behalf by:
SHULOM FELDMAN, Director

REACHVIEW PROPERTIES LIMITED Registered Number 04026167

Notes to the Abbreviated Accounts for the period ended 31 October 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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 November 2014	1,412,404
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	1,412,404
Depreciation
At 1 November 2014	-
Charge for the year	-
On disposals	-
At 31 October 2015	-
Net book values
At 31 October 2015	1,412,404
At 31 October 2014	1,412,404

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1