R_H_PROPERTY_INVESTMENTS_ - Accounts

R H PROPERTY INVESTMENTS (UK) LIMITED - Company Information

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Company Registration No. 08310332 (England and Wales)

R H PROPERTY INVESTMENTS (UK) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

R H PROPERTY INVESTMENTS (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

R H PROPERTY INVESTMENTS (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

401,005

Current assets

Debtors

13,285

8,271

Cash at bank and in hand

7,889

5,508

21,174

13,779

Creditors: amounts falling due within one year

(196,801)

(187,486)

Net current liabilities

(175,627)

(173,707)

Total assets less current liabilities

225,378

227,298

Creditors: amounts falling due after more than one year

(194,916)

(212,584)

30,462

14,714

Capital and reserves

Called up share capital

Profit and loss account

30,460

14,712

Shareholders' funds

30,462

14,714

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 31 August 2016

H Suthi

Director

Company Registration No. 08310332

R H PROPERTY INVESTMENTS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

401,005

At 30 November 2014

401,005

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Related party relationships and transactions

R H PROPERTY INVESTMENTS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

Related party relationships and transactions

(Continued)

- 3 -

Other transactions

Included within other creditors is an amount of £133,522 (2014: £135,224) due to the directors H Suthi and A Johal by way of an unsecured loan.

Included in debtors is £5,264 due from RH Property Investments Limited and included in creditors is £31,144 due to Riley Hayes & Co, companies of which A Johal and H Suthi both have a beneficial interest.