| R S Real Estate Limited |
| Registered number: |
04434480 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,289,573 |
|
|
2,291,333 |
|
| Current assets |
| Cash at bank and in hand |
|
|
45,562 |
|
|
21,311 |
|
| Creditors: amounts falling due within one year |
|
|
(17,490) |
|
|
(5,154) |
|
| Net current assets |
|
|
|
28,072 |
|
|
16,157 |
|
| Total assets less current liabilities |
|
|
|
2,317,645 |
|
|
2,307,490 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(1,955,247) |
|
|
(1,989,000) |
|
|
|
| Net assets |
|
|
|
362,398 |
|
|
318,490 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Revaluation reserve |
|
|
|
300,000 |
|
|
300,000 |
| Profit and loss account |
|
|
|
62,397 |
|
|
18,489 |
|
| Shareholder's funds |
|
|
|
362,398 |
|
|
318,490 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Lukhvinder Singh |
| Director |
| Approved by the board on 14 July 2016 |
|
| R S Real Estate Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 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 April 2008). |
|
|
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. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
2,293,667 |
|
At 31 May 2016 |
2,293,667 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
2,334 |
|
Charge for the year |
1,760 |
|
At 31 May 2016 |
4,094 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
2,289,573 |
|
At 31 May 2015 |
2,291,333 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares Class 1 |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
