RAINFORD_HALL_ESTATE_LIMI - Accounts

RAINFORD HALL ESTATE LIMITED - Company Information

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Company Registration No. 02668229 (England and Wales)

RAINFORD HALL ESTATE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

RAINFORD HALL ESTATE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RAINFORD HALL ESTATE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,294,195

2,293,736

Current assets

Debtors

17,811

92,288

Cash at bank and in hand

25,975

59,651

43,786

151,939

Creditors: amounts falling due within one year

(70,073)

(36,738)

Net current liabilities/(assets)

(26,287)

115,201

Total assets less current liabilities

2,267,908

2,408,937

Capital and reserves

Called up share capital

100

Other reserves

1,605,967

Profit and loss account

661,841

802,870

Shareholders' funds

2,267,908

2,408,937

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 December 2016

Lady A K Pilkington

Mr J A S Pilkington

Director

Company Registration No. 02668229

RAINFORD HALL ESTATE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents the total invoice value of rents receivable during the year.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

None

Plant and machinery

20% straight line

Fixtures, fittings & equipment

20% straight line

Other assets

None

No depreciation is provided in respect of freehold investment property as required by the Financial Reporting Standard for Smaller Entities (effective April 2008) This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated and is considered necessary to ensure the financial statements give a true and fair view.

Commercial woodlands are represented at their cumulative cost of their development.

Fixed assets

Tangible assets

Cost

At 1 April 2015

2,398,682

Additions

574

At 31 March 2016

2,399,256

Depreciation

At 1 April 2015

104,946

Charge for the year

115

At 31 March 2016

105,061

Net book value

At 31 March 2016

2,294,195

At 31 March 2015

2,293,736

RAINFORD HALL ESTATE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr S B Pilkington -

22,500

Mr D C Pilkington -

22,500

Mr J A S Pilkington -

22,500

67,500