Regional Property Solutions Limited - Abbreviated accounts 16.1

Regional Property Solutions Limited - Abbreviated accounts 16.1


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Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Regional Property Solutions Limited

Regional Property Solutions Limited (Registered number: 03685188)






Contents of the Abbreviated Accounts
for the year ended 31st March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 7

Regional Property Solutions Limited

Company Information
for the year ended 31st March 2016







DIRECTORS: Mr C H H Murray
Mrs H Murray
Mr D Lee





SECRETARY: Mrs H Murray





REGISTERED OFFICE: Grovsenor House
22, Grafton Street
Altrincham
Cheshire
WA14 1DU





REGISTERED NUMBER: 03685188 (England and Wales)





ACCOUNTANTS: Allen Mills Howard & Co.
Chartered Accountants
56 Manchester Road
Altrincham, Cheshire.
WA14 4PJ

Regional Property Solutions Limited (Registered number: 03685188)

Abbreviated Balance Sheet
31st March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 4,435 3,895
Investments 4 4 3
4,439 3,898

CURRENT ASSETS
Debtors 57,947 46,081
Cash at bank 44,495 43,897
102,442 89,978
CREDITORS
Amounts falling due within one year 55,145 72,399
NET CURRENT ASSETS 47,297 17,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,736

21,477

PROVISIONS FOR LIABILITIES 528 205
NET ASSETS 51,208 21,272

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 51,108 21,172
SHAREHOLDERS' FUNDS 51,208 21,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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.

Regional Property Solutions Limited (Registered number: 03685188)

Abbreviated Balance Sheet - continued
31st March 2016


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 7th July 2016 and were signed on its behalf by:





Mr C H H Murray - Director


Regional Property Solutions Limited (Registered number: 03685188)

Notes to the Abbreviated Accounts
for the year ended 31st March 2016

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance
Computer equipment - 33.33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015
and 31st March 2016 120,000
AMORTISATION
At 1st April 2015
and 31st March 2016 120,000
NET BOOK VALUE

At 31st March 2016 -
At 31st March 2015 -

Regional Property Solutions Limited (Registered number: 03685188)

Notes to the Abbreviated Accounts - continued
for the year ended 31st March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015 28,271
Additions 3,196
Disposals (5,438 )
At 31st March 2016 26,029
DEPRECIATION
At 1st April 2015 24,376
Charge for year 2,638
Eliminated on disposal (5,420 )
At 31st March 2016 21,594
NET BOOK VALUE
At 31st March 2016 4,435
At 31st March 2015 3,895

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st April 2015 3
Additions 1
At 31st March 2016 4
NET BOOK VALUE
At 31st March 2016 4
At 31st March 2015 3

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Regional Property Consultants Limited
Country of incorporation: England
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 50.00
2016 2015
£    £   
Aggregate capital and reserves 2 2

Regional Property Solutions Limited (Registered number: 03685188)

Notes to the Abbreviated Accounts - continued
for the year ended 31st March 2016

4. FIXED ASSET INVESTMENTS - continued

Regional Property Surveyors Limited
Country of incorporation: England
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 50.00
2016 2015
£    £   
Aggregate capital and reserves 2 2

Steelacre Property Management Limited
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 50.00
2016 2015
£    £   
Aggregate capital and reserves 2 2

Regional Property Consultancy Limited
Country of incorporation: England
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 50.00
2016 2015
£    £   
Aggregate capital and reserves 2 2

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2016 and
31st March 2015:

2016 2015
£    £   
Mr C H H Murray and Mrs H Murray
Balance outstanding at start of year 1,459 2,490
Amounts advanced 410 2,769
Amounts repaid - (3,800 )
Balance outstanding at end of year 1,869 1,459

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Regional Property Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Regional Property Solutions Limited for the year ended 31st March 2016 which comprise the
Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Regional Property Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regional Property Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Regional Property Solutions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Regional Property Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regional Property Solutions Limited. You consider that Regional Property Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Regional Property Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Allen Mills Howard & Co.
Chartered Accountants
56 Manchester Road
Altrincham, Cheshire.
WA14 4PJ


8th July 2016