Rochair Limited - Accounts to registrar - small 16.1.1
Rochair Limited - Accounts to registrar - small 16.1.1
| ROCHAIR LIMITED |
| Financial Statements |
| for the Year Ended 31 December 2015 |
| ROCHAIR LIMITED (REGISTERED NUMBER: 02346341) |
| Contents of the Financial Statements |
| for the year ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ROCHAIR LIMITED |
| Company Information |
| for the year ended 31 December 2015 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| ROCHAIR LIMITED (REGISTERED NUMBER: 02346341) |
| Balance Sheet |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Investment property | 3 |
| Current assets |
| Debtors | 4 |
| Cash in hand |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
6 |
| Net assets |
| Capital and reserves |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Profit and loss account | 8 | ( |
) | ( |
) |
| Shareholders' funds |
| The director acknowledges his 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 were approved by the director on |
| ROCHAIR LIMITED (REGISTERED NUMBER: 02346341) |
| Notes to the Financial Statements |
| for the year ended 31 December 2015 |
| 1. | Accounting policies |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective January 2015). |
| Tangible fixed assets |
| Equipment | - |
| The part of the annual depreciation charge on revalued assets which relates to the surplus is transferred from |
| the revaluation reserve to the profit and loss account reserve. |
| Investment property |
| Investment properties are included in the balance sheet at their open market value in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This |
| treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in |
| the opinion of the director, necessary in order to give a true and fair view of the financial position of the |
| company. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Investments held as fixed assets are shown at cost less provision for impairment. |
| Going concern |
| The company is dependent on the continued support of the director, who has indicated that it is not his intention |
| to require repayment of the amounts owed to him in the foreseeable future, and will continue to provide further |
| financial support in the future if need be. |
| 2. | Tangible fixed assets |
| Equipment |
| £ |
| Cost |
| At 1 January 2015 |
| and 31 December 2015 |
| Depreciation |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| Net book value |
| At 31 December 2015 |
| At 31 December 2014 |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Equipment - 25% on reducing balance |
| The part of annual depreciation charge on revalued assets which relates to the surplus is transferred from the |
| revaluation reserve to the profit and loss account reserve. |
| ROCHAIR LIMITED (REGISTERED NUMBER: 02346341) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2015 |
| 3. | Investment property |
| Total |
| £ |
| Cost or valuation |
| At 1 January 2015 |
| and 31 December 2015 |
| Net book value |
| At 31 December 2015 |
| At 31 December 2014 |
| Investment properties are included in the balance sheet at their open market value in accordance with the |
| Financial Reporting Standards for Smaller Entities (effective January 2015) and are not depreciated. This |
| treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in |
| the opinion of the director, necessary in order to give a true and fair view of the financial position of the |
| company. |
| Cost or valuation at 31 December 2015 is represented by: |
| £00 |
| Valuation in 2009 | (31,461 | ) |
| Valuation in 2013 | 120,000 |
| Valuation in 2014 | 30,000 |
| Cost | 561,461 |
| 680,000 |
| 4. | Debtors: amounts falling due within one year |
| 2015 | 2014 |
| £ | £ |
| Trade debtors | - | 821 |
| Other debtors | 2,271 | 3,815 |
| 5. | Creditors: amounts falling due within one year |
| 2015 | 2014 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| 6. | Creditors: amounts falling due after more than one year |
| 2015 | 2014 |
| £ | £ |
| Other creditors |
| ROCHAIR LIMITED (REGISTERED NUMBER: 02346341) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2015 |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary Redeemable | £1 |
| 520,100 | 520,100 |
| 8. | Reserves |
| Profit and |
| loss | Revaluation |
| account | reserve | Totals |
| £ | £ | £ |
| At 1 January 2015 | ( |
) | ( |
) |
| Profit for the year |
| At 31 December 2015 | ( |
) | ( |
) |
| 9. | Controlling party |
| The company was controlled by the director throughout the year. |
| 10. | Director's advances, credits and guarantees |
| At the year end £269,698 (2014 - £269,718) was owed to R S Bentley, the director. |
| 11. | Related party disclosures |
| At the year end £24,800 (2014 - £49,800) was owed to MGOC Limited, a company controlled by R S Bentley. |
| At the balance sheet date, the company owed £48,730 (2014 - £45,425) to Lancaster Insurance Services |
| SSAS, of which R S Bentley is a trustee. |