RISHWOOD_HOMES_LIMITED - Accounts

RISHWOOD HOMES LIMITED - Company Information

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Company Registration No. 06740776 (England and Wales)

RISHWOOD HOMES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

RISHWOOD HOMES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RISHWOOD HOMES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

116,797

102,670

Current assets

Debtors

37,991

47,883

Cash at bank and in hand

30,434

21,837

68,425

69,720

Creditors: amounts falling due within one year

(42,813)

(36,156)

Net current assets

25,612

33,564

Total assets less current liabilities

142,409

136,234

Creditors: amounts falling due after more than one year

(8,382)

Provisions for liabilities

(3,298)

(482)

130,729

135,752

Capital and reserves

Called up share capital

100

Profit and loss account

130,629

135,652

Shareholders' funds

130,729

135,752

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 May 2016

M A Wikinson

Director

Company Registration No. 06740776

RISHWOOD HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The directors are not aware of any material uncertainties affecting the company, and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result, the directors have continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Turnover represents amounts receivable in respect of rental income and property maintenance.

1.3

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

Over the term of the lease

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

10% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

125,475

Additions

24,719

Disposals

(2,300)

At 31 March 2016

147,894

Depreciation

At 1 May 2015

22,805

On disposals

(1,340)

Charge for the period

9,632

At 31 March 2016

31,097

Net book value

At 31 March 2016

116,797

At 30 April 2015

102,670

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,869 (2015 - £0).

RISHWOOD HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £8,382 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

98 "A" Ordinary Shares of £1 each

2 "B" Ordinary Shares of £1 each

100

Related party relationships and transactions

Advances and credits granted to directors

Advances and credits granted to directors during the period are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

M A Wikinson - Current Account

20,108

12,971

20,108

12,971

M J Wilkinson - Current Account

15,469

13,924

15,469

13,924

35,577

26,895

35,577

26,895

The maximum amount outstanding during the period was M A Wilkinson £23,725 ( 2015 - £64,547) and M J Wilkinson £19,219 (2015 - £15,469).