Remo Properties Limited - Period Ending 2016-03-31

Registration number: 06190939

Remo Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

LJ Hanbury Ltd
Chartered Certified Accountants
143 Tamworth Road
Long Eaton
Nottingham
NG10 1BY

Remo Properties Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Remo Properties Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Remo Properties Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Remo Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Remo Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remo Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Remo Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Remo Properties Limited. You consider that Remo Properties 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 accounts of Remo Properties 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 accounts.

......................................

LJ Hanbury Ltd
Chartered Certified Accountants
143 Tamworth Road
Long Eaton
Nottingham
NG10 1BY

3 August 2016

Page 1

Remo Properties Limited
(Registration number: 06190939)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					249,970			249,970
Current assets
Debtors					20,200			20,200
Cash at bank and in hand					23,483			10,387
					43,683			30,587
Creditors: Amounts falling due within one year					(208,399)			(217,930)
Net current liabilities					(164,716)			(187,343)
Net assets					85,254			62,627
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					85,251			62,624
Balance sheet suspense					1			1
Shareholders' funds					85,254			62,627

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the director on 2 August 2016

.........................................
Mr Michael Charles Reece
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Remo Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is calculated in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Plant and Machinery	25% reducing Balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		251,112			251,112
At 31 March 2016		251,112			251,112
Depreciation
At 1 April 2015		1,142			1,142
At 31 March 2016		1,142			1,142
Net book value
At 31 March 2016		249,970			249,970
At 31 March 2015		249,970			249,970

Page 3

Remo Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Share Capital of £1 each		2			2			2			2

Page 4