Abbreviated Company Accounts - RESOLUTION REAL ESTATE LIMITED

RESOLUTION REAL ESTATE LIMITED - Company Information

09147914 RESOLUTION REAL ESTATE LIMITED 2015-07-31 false 2014-07-25 2015-07-31 true 09147914 2014-07-25 2015-07-31 09147914 2015-07-31 09147914 uk-gaap-cd-bus:Director1 2014-07-25 2015-07-31 09147914 uk-gaap-cd-bus:Director2 2014-07-25 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-25 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 09147914

RESOLUTION REAL ESTATE LIMITED

Abbreviated Accounts

31 July 2015

RESOLUTION REAL ESTATE LIMITED Registered Number 09147914

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015
		£
Called up share capital not paid		1
Fixed assets
Tangible assets	2	1,730,592
		1,730,592
Current assets
Debtors		182,339
		182,339
Creditors: amounts falling due within one year		(183,791)
Net current assets (liabilities)		(1,452)
Total assets less current liabilities		1,729,141
Total net assets (liabilities)		1,729,141
Capital and reserves
Called up share capital	3	1
Revaluation reserve		2,187,300
Profit and loss account		(458,160)
Shareholders' funds		1,729,141

For the year ending 31 July 2015 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 directors acknowledge their 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 Board on 25 August 2016

And signed on their behalf by:
WILLEM MARTHINUS DE BEER, Director

RESOLUTION REAL ESTATE LIMITED Registered Number 09147914

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the amounts invoiced, excluding value added tax, in respect of the sale of goods and related services to customers. All of the turnover is derived from UK operations.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over its useful economic life of that asset, as follows:
Fixtures, fittings and equipment 5 years, straight line
Plant and machinery 7 years, straight line
Electronics 3 years, straight line

Valuation information and policy
Fixed Assets acquired by lease assignment were revalued using the revaluation model in order to carry the assets at their fair value at the revaluation date less subsequent accumulated depreciation impairment. It has been applied to all assets in the entire category. Revaluation will occur each year to ensure the amount does not differ materially from that which would be determined using fair value at the reporting date.

Other accounting policies
Accruals
The company has prepared the financial statements on the accruals basis of accounting
Going concern
The directors have prepared the accounts on the going concern basis as the company has sufficient funds to meet its obligations and when they fall due
Operating leases
Rentals payable under operating leases are charged on a straight line basis over the term of the lease

2Tangible fixed assets

	£
Cost
Additions	-
Disposals	-
Revaluations	2,187,300
Transfers	-
At 31 July 2015	2,187,300
Depreciation
Charge for the year	456,708
On disposals	-
At 31 July 2015	456,708
Net book values
At 31 July 2015	1,730,592

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1 Ordinary share of £1 each	1