| ROCKFACE PROPERTY LIMITED |
| Registered number: |
SC341830 |
| Abbreviated Balance Sheet |
| as at 30 April 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
338,919 |
|
|
200,151 |
|
| Current assets |
| Cash at bank and in hand |
|
|
2,289 |
|
|
5,222 |
|
| Creditors: amounts falling due within one year |
|
|
(6,204) |
|
|
(3,967) |
|
| Net current (liabilities)/assets |
|
|
|
(3,915) |
|
|
1,255 |
|
| Total assets less current liabilities |
|
|
|
335,004 |
|
|
201,406 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(316,466) |
|
|
(187,055) |
|
|
|
| Net assets |
|
|
|
18,538 |
|
|
14,351 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
12 |
|
|
12 |
| Profit and loss account |
|
|
|
18,526 |
|
|
14,339 |
|
| Shareholders' funds |
|
|
|
18,538 |
|
|
14,351 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
| Michael Gillespie |
| Director |
| Approved by the board on 15 May 2016 |
|
| ROCKFACE PROPERTY LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2016 |
|
| 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 April 2008). |
|
|
Turnover |
|
Turnover relates to rental from investment property. |
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
200,151 |
|
Additions |
138,768 |
|
At 30 April 2016 |
338,919 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
338,919 |
|
At 30 April 2015 |
200,151 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
81,000 |
|
81,000 |
|
Secured bank loans |
123,926 |
|
126,222 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by standard securities granted over some of the heritable properties of the company and by a bond and floating charge over the assets of the company. |
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
12 |
|
12 |
|
12 |
|
|
|
|
|
|
|
|
|
