Abbreviated Company Accounts - RED SEA PROPERTIES LIMITED
Abbreviated Company Accounts - RED SEA PROPERTIES LIMITED
Registered Number 06187002
RED SEA PROPERTIES LIMITED
Abbreviated Accounts
31 March 2016
RED SEA PROPERTIES LIMITED Registered Number 06187002
Abbreviated Balance Sheet as at 31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 March 2016 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
And signed on their behalf by:
RED SEA PROPERTIES LIMITED Registered Number 06187002
Notes to the Abbreviated Accounts for the period ended 31 March 2016
1Accounting Policies
Basis of measurement and preparation of accounts
The company was dormant throughout the current year and previous year.
Other accounting policies
The company has net liabilities of £9,748 (2015: £9,748) at the balance sheet date. An equal amount is owed to a company under common control, Power Continuity Limited, who have confirmed that they will not seek repayment of the balance for at least twelve months from the date of approval of these accounts. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.