Red Peach Property Limited - Abbreviated accounts

Registered number

06046962

Red Peach Property Limited

Abbreviated Accounts

31 January 2016

Red Peach Property Limited
Registered number:		06046962
Abbreviated Balance Sheet
as at 31 January 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		131			164

Current assets
Debtors		8,401			10,956

Creditors: amounts falling due within one year		(9,132)			(10,671)

Net current (liabilities)/assets			(731)			285

Total assets less current liabilities			(600)			449


Provisions for liabilities			(26)			(33)


Net (liabilities)/assets			(626)			416

Capital and reserves
Called up share capital	3		50			50
Profit and loss account			(676)			366

Shareholder's funds			(626)			416

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.



A Funnell
Director
Approved by the board on 28 October 2016

Red Peach Property Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 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 January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures, fittings and equipment	33.3% on cost per annum or 20% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 February 2015					1,482
	At 31 January 2016					1,482

	Depreciation
	At 1 February 2015					1,318
	Charge for the year					33
	At 31 January 2016					1,351

	Net book value
	At 31 January 2016					131
	At 31 January 2015					164


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		50		50		50