Redland Developments Limited - Accounts to registrar - small 16.1.1

Redland Developments Limited - Accounts to registrar - small 16.1.1

REDLAND DEVELOPMENTS LIMITED - Company Information

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Redland Developments Limited

Financial Statements for the Year Ended 31 December 2015













Redland Developments Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: A P Donnelly
B Donnelly





SECRETARY: B Donnelly





REGISTERED OFFICE: Insole House
Glamorgan Street
Canton
Cardiff
CF5 1QW





REGISTERED NUMBER: 04918544 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Redland Developments Limited


The following reproduces the text of the report prepared for the directors and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss
Account and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Redland Developments Limited for the year ended 31 December 2015
which comprise the Income statement, 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 Redland Developments 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 Redland Developments Limited and state those matters that we have agreed to state to the Board of Directors of Redland Developments 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 Redland Developments 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 Redland Developments Limited. You consider that Redland Developments 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 Redland Developments 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.






BPU Limited
Chartered Accountants


5 August 2016

This page does not form part of the statutory financial statements

2
Redland Developments Limited (Registered number: 04918544)

Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 148,346 148,346

CURRENT ASSETS
Debtors: amounts falling due within one
year
3
89,096
89,096
Cash at bank 7,909 -
97,005 89,096
CREDITORS
Amounts falling due within one year 4 88,501 80,247
NET CURRENT ASSETS 8,504 8,849
TOTAL ASSETS LESS CURRENT
LIABILITIES
156,850
157,195

CREDITORS
Amounts falling due after more than one
year
5
76,783
82,271
NET ASSETS 80,067 74,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,967 74,824
SHAREHOLDERS' FUNDS 80,067 74,924

The notes form part of these financial statements

3
Redland Developments Limited (Registered number: 04918544)

Balance Sheet - continued
31 December 2015


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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.


The financial statements were approved by the Board of Directors on 2 August 2016 and were signed on its
behalf by:





A P Donnelly - Director


The notes form part of these financial statements

4
Redland Developments Limited (Registered number: 04918544)

Notes to the Financial Statements
for the Year Ended 31 December 2015


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, on the basis of the
confirmed continued support of the directors and creditors, who consider the company retains
sufficient working capital to continue trading for the foreseeable future.

Turnover
Turnover represents net invoiced rents.

Investment property
The company's property is held for long term investment. The property is valued at cost, which is
contrary to FRS 102. No depreciation is provided, which is contrary to Companies Act 2006.

2. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2015
and 31 December 2015 148,346
NET BOOK VALUE
At 31 December 2015 148,346
At 31 December 2014 148,346

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2015 2014
£    £   
Other debtors 89,096 89,096

5
Redland Developments Limited (Registered number: 04918544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2015


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2015 2014
£    £   
Bank loans 10,938 10,950
Trade creditors 66 65
Corporation tax 1,437 1,300
Other creditors & accruals 71,065 62,937
Directors' loan accounts 4,995 4,995
88,501 80,247

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2015 2014
£    £   
Bank loans 76,783 82,271

6. SECURED DEBTS

The following secured debts are included within creditors:

2015 2014
£    £   
Bank loans 87,721 93,209

6