Abbreviated Company Accounts - RUTLAND FACILITIES GROUP LIMITED

RUTLAND FACILITIES GROUP LIMITED - Company Information

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Registered Number 07539316

RUTLAND FACILITIES GROUP LIMITED

Abbreviated Accounts

31 March 2016

RUTLAND FACILITIES GROUP LIMITED Registered Number 07539316

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,280,000	1,280,000
Investments	3	868	868
		1,280,868	1,280,868
Current assets
Debtors	4	655,909	657,936
Cash at bank and in hand		957,175	838,763
		1,613,084	1,496,699
Creditors: amounts falling due within one year		(1,974,409)	(1,961,031)
Net current assets (liabilities)		(361,325)	(464,332)
Total assets less current liabilities		919,543	816,536
Total net assets (liabilities)		919,543	816,536
Capital and reserves
Called up share capital	5	867	867
Revaluation reserve		405,964	405,964
Profit and loss account		512,712	409,705
Shareholders' funds		919,543	816,536

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 30 December 2016

And signed on their behalf by:
R J Dockar, Director

RUTLAND FACILITIES GROUP LIMITED Registered Number 07539316

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,280,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,280,000
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	1,280,000
At 31 March 2015	1,280,000

Investment property is shown at valuation. Cost £874,036 (2015: £874,036).

3Fixed assets Investments
Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name
Rutland Facilities Ltd - 100%
Marine Parade Properties Limited - 100%
Share Scheme Services Limited - 100%

The aggregate of the share capital and reserves as at 31 March 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name - Aggregate of share capital and reserves - Profit/(loss)
Rutland Facilities Ltd - £486,744 - £46,723
Marine Parade Properties Limited- £(237,008) - £5,300
Share Scheme Services Limited - £8,668 - Nil

4Debtors

Debtors include £652,202 (2015 - £652,202) falling due after more than one year.

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

	2016 £	2015 £
333 B Ordinary shares of £1 each	333	333
40 C Ordinary shares of £1 each	40	40
41 D Ordinary shares of £1 each	41	41
20 E Ordinary shares of £1 each	20	20
100 F Ordinary shares of £1 each	100	100

333 A Ordinary shares of £1 each: £333 (2015: £333)