Abbreviated Company Accounts - RIAN PROPERTIES LIMITED

RIAN PROPERTIES LIMITED - Company Information

00657310 RIAN PROPERTIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00657310 2015-04-01 2016-03-31 00657310 2016-03-31 00657310 2015-03-31 00657310 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00657310 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 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 00657310

RIAN PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

RIAN PROPERTIES LIMITED Registered Number 00657310

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,895,916	3,390,000
		4,895,916	3,390,000
Current assets
Debtors		262,139	1,379,454
Cash at bank and in hand		25,933	12,100
		288,072	1,391,554
Creditors: amounts falling due within one year		(121,738)	(185,806)
Net current assets (liabilities)		166,334	1,205,748
Total assets less current liabilities		5,062,250	4,595,748
Creditors: amounts falling due after more than one year		(482,039)	(150,000)
Total net assets (liabilities)		4,580,211	4,445,748
Capital and reserves
Called up share capital	3	7,142	7,142
Share premium account		15,858	15,858
Revaluation reserve		3,457,330	3,287,330
Profit and loss account		1,099,881	1,135,418
Shareholders' funds		4,580,211	4,445,748

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 20 December 2016

And signed on their behalf by:
JOHN HARRIS, Director

RIAN PROPERTIES LIMITED Registered Number 00657310

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises rental income receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold Land and buildings
No depreciation is charged as Freehold Land and buildings are carried at Market Value.

Computer Equipment
33.33% Straight Line

2Tangible fixed assets

	£
Cost
At 1 April 2015	3,390,000
Additions	1,336,399
Disposals	-
Revaluations	170,000
Transfers	-
At 31 March 2016	4,896,399
Depreciation
At 1 April 2015	0
Charge for the year	483
On disposals	-
At 31 March 2016	483
Net book values
At 31 March 2016	4,895,916
At 31 March 2015	3,390,000

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

	2016 £	2015 £
7,142 Ordinary shares of £1 each	7,142	7,142

4Transactions with directors

Name of director receiving advance or credit:	Mr Jason Gee
Description of the transaction:	Secured Loan
Balance at 1 April 2015:	£ 1,117,058
Advances or credits made:	£ 8,047
Advances or credits repaid:	£ 1,125,105
Balance at 31 March 2016:	£ 0

The loan was fully repaid during the year.