Newroc Ltd - Abbreviated accounts 16.1
Newroc Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2015 |
| for |
| NEWROC LTD |
| NEWROC LTD (REGISTERED NUMBER: 04970319) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Accountants' Report | 5 |
| NEWROC LTD |
| Company Information |
| for the Year Ended 31st December 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| NEWROC LTD (REGISTERED NUMBER: 04970319) |
| Abbreviated Balance Sheet |
| 31st December 2015 |
| 31/12/15 | 31/12/14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 director on |
| NEWROC LTD (REGISTERED NUMBER: 04970319) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the going concern basis of accounting. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Newroc Ltd as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section 398 |
| of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents the value of work carried out during the year, including amounts not yet invoiced, excluding |
| value added tax. Income is being recognised according to the stage of completion of work done. |
| Stocks |
| Land held for development is valued at the lower of cost and net realisable value. |
| Construction work in progress in respect of housing developments where there is no contract for sale in place is |
| valued at the lower of cost and net realisable value. |
| Deferred tax |
| Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
| certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect |
| of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and |
| liabilities. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st January 2015 |
| and 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| NEWROC LTD (REGISTERED NUMBER: 04970319) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| Capital and reserves include £120,000 (2014: £120,000) in respect of an investment in Randall Orchard |
| Construction Limited, which is a subsidiary company of Randall Orchard (Holdings) Limited. |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | 2,196,923 | 1,977,560 |
| Profit/(loss) for the year | 219,363 | (60,743 | ) |
| Randall Orchard Construction Limited is 100% owned by Randall Orchard (Holdings) Limited. |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/12/15 | 31/12/14 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of |
| Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Newroc Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Newroc Ltd for the year ended 31st December 2015 which comprise the Profit and Loss Account, |
| the Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the director of Newroc Ltd in accordance with the terms of our engagement letter dated 5th March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Newroc Ltd and state those matters that we have agreed to state to the director of Newroc Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Newroc Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newroc Ltd. You consider that Newroc Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Newroc Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 18th May 2016 |