Rolfields Limited - Abbreviated accounts

Registered number

04585153

Rolfields Limited

Abbreviated Accounts

30 November 2015

Rolfields Limited
Registered number:		04585153
Abbreviated Balance Sheet
as at 30 November 2015

Notes			2015			2014
£				£
Fixed assets
Investments	2		927,156			927,156

Current assets
Debtors		185,827			191,327
Cash at bank and in hand		147,326			429
		333,153			191,756

Creditors: amounts falling due within one year		(265,000)			(357,183)

Net current assets/(liabilities)			68,153			(165,427)

Total assets less current liabilities			995,309			761,729

Creditors: amounts falling due after more than one year			(1,042,713)			(838,743)



Net liabilities			(47,404)			(77,014)

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			(47,504)			(77,114)

Shareholders' funds			(47,404)			(77,014)

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 members have 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.



Mr D P Hart
Director
Approved by the board on 24 August 2016

Rolfields Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015

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 January 2015).

	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.

	Going Concern
	The financial statements have been prepared on the going concern basis. This is on the understanding that any losses will be borne by the company's shareholders.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Investments					£

	Cost
	At 1 December 2014					927,156

	At 30 November 2015					927,156

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	Anchorage Investments Co. Limited	Ordinary		100		457,580		38,960

3	Loans					2015		2014
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					838,713		725,565
	Secured bank loans					1,093,713		869,912


4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100