R & W Investments Limited - Abbreviated accounts 16.1
R & W Investments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| R & W Investments Limited |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 January 2016 |
| R & W Investments Limited (Registered number: SC240247) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| R & W Investments Limited |
| Company Information |
| for the Year Ended 31 January 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| R & W Investments Limited (Registered number: SC240247) |
| Abbreviated Balance Sheet |
| 31 January 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| R & W Investments Limited (Registered number: SC240247) |
| Abbreviated Balance Sheet - continued |
| 31 January 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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 |
| R & W Investments Limited (Registered number: SC240247) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by |
| the revaluation of certain assets and in accordance with the Financial Reporting Standard for |
| Smaller Entities (effective January 2015). |
| Turnover & revenue recognition |
| The turnover shown in the profit and loss account represents rent receivable during the period. |
| Lease premium received included in provisions for liabilities is charged to other income over the |
| period of the lease. |
| Tangible fixed assets |
| Equipment | - |
| Fixtures and fittings | - |
| Investment property |
| Investment properties are shown at their open market value. The surplus or deficit arising from the |
| annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its |
| reversal, on an individual property is expected to be permanent, in which case it is recognised in the |
| profit and loss account for the year. |
| This is in accordance with the FRSSE which, unlike the Companies Act 2006, does not require |
| depreciation of investment properties. Investment properties are held for their investment |
| potential and not for use by the company and so their current value is of prime importance. The |
| departure from the Companies Act is required in order to give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date where transactions or events have occurred at that date that will result in |
| an obligation to pay more, or a right to pay less or to receive more tax, with the following |
| exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) |
| of fixed assets, only to the extent that, at the balance sheet date, there is a binding agreement to |
| dispose of the assets concerned. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more |
| likely than not that there will be suitable taxable profits from which the future reversal of the |
| underlying timing differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
| periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
| enacted at the balance sheet date. |
| R & W Investments Limited (Registered number: SC240247) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| and 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2015 |
| and 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |