R B Air Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER 04750192

R B Air Limited

Unaudited

Abbreviated accounts

30 September 2015

R B Air Limited

Abbreviated balance sheet

30 September 2015

	2015	2014
Note	£	£	£
Fixed assets	2
Tangible assets		854,437	752,904
		---------	---------

Current assets

Debtors	131,240		-
Cash at bank and in hand	32,825		72,788
	---------		--------
	164,065		72,788
Creditors: Amounts falling due within one year	3	93,004		82,317
		---------		--------
Net current assets/(liabilities)		71,061	( 9,529)
		---------	---------
Total assets less current liabilities		925,498	743,375

Creditors: Amounts falling due after more than one year	4		384,118	263,907
		---------	---------
		541,380	479,468
		---------	---------

Capital and reserves

Called up equity share capital	5		100	100
Profit and loss account		541,280	479,368
		---------	---------
Shareholders' funds		541,380	479,468
		---------	---------

For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 23 June 2016 .

Mr J Willock Director

Company Registration Number: 04750192

R B Air Limited

Notes to the abbreviated accounts

Year ended 30 September 2015

1. Accounting policies

(a) Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

(b) Turnover

The turnover shown in the profit and loss account represents the invoice value of rents receivable during the year, exclusive of Value Added Tax.

All fixed assets are initially recorded at cost. Fixed assets held by the company for use in operating leases are recorded as fixed assets and depreciated over their useful lives. Income from operating leases represents the aggregate rentals receivable in respect of the accounting period .

(d) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property-2% straight line

Leasehold Property-2% straight line

No depreciation is provided on freehold land.

(e) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. Fixed assets

	Tangible Assets
	£

Cost

At 1 October 2014	923,358
Additions	120,000
	------------
At 30 September 2015	1,043,358
	------------

Depreciation

At 1 October 2014	170,454
Charge for year	18,467
	---------
At 30 September 2015	188,921
	---------

Net book value

At 30 September 2015	854,437
	---------

At 30 September 2014	752,904
	---------

At the year end the gross value of assets held for use in operating leases was £923,358 (2014 - £923,358). The related accumulated depreciation amounted to £188,921 (2014 - £170,454).

3. Creditors: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	62,713	73,734
	--------	--------

4. Creditors: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	384,118	263,907
	---------	---------

Included within creditors falling due after more than one year is an amount of £133,270 (2014 - £Nil) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.

5. Share capital

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

6. Ultimate parent company

At the year end the company was controlled by R B Air Holdings Limited , a company registered in England and Wales.