Abbreviated Company Accounts - RCBG RESIDENTIAL (UK) LIMITED

RCBG RESIDENTIAL (UK) LIMITED - Company Information

07772197 RCBG RESIDENTIAL (UK) LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07772197 2015-03-01 2016-02-29 07772197 2016-02-29 07772197 2015-02-28 07772197 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07772197 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07772197

RCBG RESIDENTIAL (UK) LIMITED

Abbreviated Accounts

29 February 2016

RCBG RESIDENTIAL (UK) LIMITED Registered Number 07772197

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	219	219
		219	219
Current assets
Debtors	3	10,315,813	9,422,788
Cash at bank and in hand		24,481	32,935
		10,340,294	9,455,723
Creditors: amounts falling due within one year		(7,802,341)	(7,802,990)
Net current assets (liabilities)		2,537,953	1,652,733
Total assets less current liabilities		2,538,172	1,652,952
Total net assets (liabilities)		2,538,172	1,652,952
Capital and reserves
Called up share capital	4	4	3
Share premium account		2,218,247	1,718,248
Profit and loss account		319,921	(65,299)
Shareholders' funds		2,538,172	1,652,952

For the year ending 29 February 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 6 October 2016

And signed on their behalf by:
John Naughton, Director

RCBG RESIDENTIAL (UK) LIMITED Registered Number 07772197

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Income includes amounts receivable in respect of interest from intercompany loans and is measured at the applicable rate per the Priority Loan Agreement dated 27th November 2014 and 14th July 2015.

Tangible assets depreciation policy
None

Intangible assets amortisation policy
None

Valuation information and policy
None

Other accounting policies
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Corporation tax is charged at 20%.

2Fixed assets Investments
Investment in MRB Residential Partners LLP

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	0	1,552,647

Due 22/11/2016

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
400 Ordinary shares of £0.01 each (300 shares for 2015)	4	3

During the year a further 100 ordinary shares were issued for £500,000