Read Property Associates Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04309170 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Read Property Associates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K Read

Mrs T M Read

SECRETARY:

Mrs T M Read

REGISTERED OFFICE:

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

REGISTERED NUMBER:

04309170 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

2

2,704

1,277

CURRENT ASSETS

Debtors

2,100

20,806

Cash at bank

67,092

9,110

69,192

29,916

CREDITORS

Amounts falling due within one year

(33,500

)

(26,358

)

NET CURRENT ASSETS

35,692

3,558

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,396

4,835

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

38,394

4,833

SHAREHOLDERS' FUNDS

38,396

4,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 April 2016 and were signed on its behalf by:

K Read - Director

Mrs T M Read - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

21,697

Additions

2,755

Disposals

(5,355

)

At 31 December 2015

19,097

DEPRECIATION

At 1 January 2015

20,420

Charge for year

1,328

Eliminated on disposal

(5,355

)

At 31 December 2015

16,393

NET BOOK VALUE

At 31 December 2015

2,704

At 31 December 2014

1,277

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1

2