Abbreviated Company Accounts - LESLIE ROGERS INVESTMENTS LIMITED

LESLIE ROGERS INVESTMENTS LIMITED - Company Information

00715881 LESLIE ROGERS INVESTMENTS LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 00715881 2015-10-01 2016-09-30 00715881 2016-09-30 00715881 2015-09-30 00715881 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 00715881 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 00715881

LESLIE ROGERS INVESTMENTS LIMITED

Abbreviated Accounts

30 September 2016

LESLIE ROGERS INVESTMENTS LIMITED Registered Number 00715881

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,002,269	4,862,832
Investments	3	2	2
		7,002,271	4,862,834
Current assets
Debtors		16,844	30,158
Cash at bank and in hand		124,780	76,627
		141,624	106,785
Creditors: amounts falling due within one year	4	(163,907)	(166,143)
Net current assets (liabilities)		(22,283)	(59,358)
Total assets less current liabilities		6,979,988	4,803,476
Creditors: amounts falling due after more than one year	4	(1,271,102)	(1,359,101)
Provisions for liabilities		(807,522)	0
Total net assets (liabilities)		4,901,364	3,444,375
Capital and reserves
Called up share capital	5	100	100
Revaluation reserve		4,820,273	2,680,080
Profit and loss account		80,991	764,195
Shareholders' funds		4,901,364	3,444,375

For the year ending 30 September 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 14 November 2016

And signed on their behalf by:
O W Haines, Director
M M Thomas, Director

LESLIE ROGERS INVESTMENTS LIMITED Registered Number 00715881

Notes to the Abbreviated Accounts for the period ended 30 September 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 the total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Not depreciated
Fixtures, fittings and equipment - 25% reducing-balance

Other accounting policies
Investment properties
The accounts are compliant with SSAP 19 which states that investment properties are not subject to periodic depreciation charges except for properties held on lease, which shall be depreciated at least over the period when the lease term is 20 years or less.

This is however a departure from Companies Act 2006 which states that fixed assets should be depreciated over their useful economic life.

FRSSE 2008 states that Investment Properties should be included in the Balance Sheet at their market value and the carrying value shall be displayed prominently either on the face of the Balance Sheet or in the notes.

Financial commitments
At 30.09.16 the company had annual commitments under non-cancellable operating leases as follows:
Expiry between one and five years:
2016 £16,500 (2015 £16,500)

2Tangible fixed assets

	£
Cost
At 1 October 2015	4,959,635
Additions	2,140,193
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	7,099,828
Depreciation
At 1 October 2015	96,803
Charge for the year	756
On disposals	-
At 30 September 2016	97,559
Net book values
At 30 September 2016	7,002,269
At 30 September 2015	4,862,832

3Fixed assets Investments
Fixed asset investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

At 30.09.16 £2 (2015 - £2)

4Creditors

	2016 £	2015 £
Secured Debts	419,365	475,417
Instalment debts due after 5 years	1,021,283	1,121,365

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100