Abbreviated Company Accounts - REGENCY COURT FREEHOLD LIMITED

REGENCY COURT FREEHOLD LIMITED - Company Information

03438192 REGENCY COURT FREEHOLD LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03438192 2015-04-01 2016-03-31 03438192 2016-03-31 03438192 2015-03-31 03438192 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03438192 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03438192

REGENCY COURT FREEHOLD LIMITED

Abbreviated Accounts

31 March 2016

REGENCY COURT FREEHOLD LIMITED Registered Number 03438192

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	10,285	10,285
		10,285	10,285
Current assets
Debtors		75	-
Cash at bank and in hand		56,563	55,114
		56,638	55,114
Creditors: amounts falling due within one year		(55,889)	(54,359)
Net current assets (liabilities)		749	755
Total assets less current liabilities		11,034	11,040
Total net assets (liabilities)		11,034	11,040
Capital and reserves
Called up share capital	3	9	9
Profit and loss account		11,025	11,031
Shareholders' funds		11,034	11,040

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 2 August 2016

And signed on their behalf by:
B King, Director

REGENCY COURT FREEHOLD LIMITED Registered Number 03438192

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents ground rents and fees receivable, and lease premium.

Intangible assets amortisation policy
Revalued investment properties are not depreciated or amortised. Where the valuation indicates a permanent diminution in the value of the property, the permanent diminution is charged to the profit and loss account. All other fluctuations in value are transferred to a revaluation reserve.

This treatment is a departure from the requirement of Company Law to provide depreciation on all fixed assets which have a limited useful life. However, these investment properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. If depreciation were to be provided it would be provided at a rate of 4% straight line per annum on the revalued amount.

2Tangible fixed assets

	£
Cost
At 1 April 2015	10,285
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,285
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	10,285
At 31 March 2015	10,285

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
9 Ordinary shares of £1 each	9	9