Old Rec Cottages Limited - Period Ending 2015-10-31
Old Rec Cottages Limited - Period Ending 2015-10-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Old Rec Cottages Limited
Contents
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Old Rec Cottages Limited
Company Information
Directors |
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Company secretary |
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Registered office |
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Accountants |
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Old Rec Cottages Limited
(Registration number: 04943148)
Abbreviated Balance Sheet at 31 October 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr A J Morgan FRICS, FAAV
Director
2
Old Rec Cottages Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
Despite net current liabilities of £167,980 (2014: £290,173), the directors believe it appropriate to prepare the accounts on a going concern basis as amounts owed to the directors are subordinated beneath liabilities to other third parties.
Turnover
Depreciation
Depreciation is provided at the following annual rates in order to write off each assets over its' estimated useful life.
Asset class |
Depreciation method and rate |
Plant and machinery etc. |
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Office equipment |
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Investment properties
Deferred tax
Old Rec Cottages Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 November 2014 |
435,483 |
435,483 |
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Disposals |
(111,689) |
(111,689) |
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At 31 October 2015 |
323,794 |
323,794 |
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Depreciation |
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At 1 November 2014 |
3,589 |
3,589 |
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Charge for the year |
1,277 |
1,277 |
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At 31 October 2015 |
4,866 |
4,866 |
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Net book value |
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At 31 October 2015 |
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At 31 October 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
At 31 October 2015 the balance owed to the directors was £171,661.
Control |
The largest single shareholding in the company is 50% and therefore there is no ultimate controlling party.