Rutland Manor Limited - Period Ending 2016-03-31

Registration number: 04167143

Rutland Manor Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

SOHALS
16 Binley Road
Gosford Green
Coventry
West Midlands
CV3 1HZ

Rutland Manor Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rutland Manor Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rutland Manor Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Rutland Manor Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rutland Manor Limited and state those matters that we have agreed to state to them.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rutland Manor Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rutland Manor Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rutland Manor Limited. You consider that Rutland Manor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rutland Manor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SOHALS
16 Binley Road
Gosford Green
Coventry
West Midlands
CV3 1HZ

12 December 2016

Page 1

Rutland Manor Limited
(Registration number: 04167143)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					51,536			51,770
Current assets
Stocks					3,950			3,950
Debtors					109,374			1,841,790
Cash at bank and in hand					63,589			115,871
					176,913			1,961,611
Creditors: Amounts falling due within one year					(176,546)			(205,121)
Net current assets					367			1,756,490
Total assets less current liabilities					51,903			1,808,260
Provisions for liabilities					(5,264)			(9,215)
Net assets					46,639			1,799,045
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					46,637			1,799,043
Shareholders' funds					46,639			1,799,045

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 director acknowledges her 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 director on 12 December 2016

.........................................
Ms Angela Bir
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Rutland Manor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	20% sraight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Rutland Manor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		155,956			155,956
Additions		9,239			9,239
At 31 March 2016		165,195			165,195
Depreciation
At 1 April 2015		104,186			104,186
Charge for the year		9,473			9,473
At 31 March 2016		113,659			113,659
Net book value
At 31 March 2016		51,536			51,536
At 31 March 2015		51,770			51,770

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4