| RCH Property Solutions Limited |
| Registered number: |
SC469465 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
498,713 |
|
|
498,713 |
|
| Current assets |
| Debtors |
|
|
2,204 |
|
|
503 |
| Cash at bank and in hand |
|
|
37,827 |
|
|
27,095 |
|
|
|
40,031 |
|
|
27,598 |
|
| Creditors: amounts falling due within one year |
|
|
(290,358) |
|
|
(289,544) |
|
| Net current liabilities |
|
|
|
(250,327) |
|
|
(261,946) |
|
| Total assets less current liabilities |
|
|
|
248,386 |
|
|
236,767 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(200,574) |
|
|
(214,204) |
|
| Net assets |
|
|
|
47,812 |
|
|
22,563 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
47,811 |
|
|
22,562 |
|
| Shareholder's funds |
|
|
|
47,812 |
|
|
22,563 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| R. Hutter |
| Director |
| Approved by the board on 19 May 2016 |
|
| RCH Property Solutions Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land and buildings |
not depreciated |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
498,713 |
|
At 29 February 2016 |
498,713 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 29 February 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
498,713 |
|
At 28 February 2015 |
498,713 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
141,500 |
|
160,000 |
|
Secured bank loans |
213,974 |
|
226,904 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
