Residential Portfolio Management Ltd - Abbreviated accounts

Registered number

07996541

Residential Portfolio Management Ltd

Abbreviated Accounts

31 March 2016

Beasley & Co

Chartered Accountants

Abbey House

105 Abbey Street

Nuneaton

Warwickshire

CV11 5BX

Residential Portfolio Management Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Residential Portfolio Management Ltd 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 abbreviated accounts of Residential Portfolio Management Ltd for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Beasley & Co
Chartered Accountants
Abbey House
105 Abbey Street
Nuneaton
Warwickshire
CV11 5BX

21 November 2016

Residential Portfolio Management Ltd
Registered number:		07996541
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		618			824

Current assets
Debtors		62			62
Cash at bank and in hand		166			98
		228			160

Creditors: amounts falling due within one year		(2,591)			(2,449)

Net current liabilities			(2,363)			(2,289)

Total assets less current liabilities			(1,745)			(1,465)


Provisions for liabilities			(165)			(165)


Net liabilities			(1,910)			(1,630)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(2,010)			(1,730)

Shareholders' funds			(1,910)			(1,630)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S J Twomlow
Director
Approved by the board on 21 November 2016

Residential Portfolio Management Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance basis

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					1,099
	At 31 March 2016					1,099

	Depreciation
	At 1 April 2015					275
	Charge for the year					206
	At 31 March 2016					481

	Net book value
	At 31 March 2016					618
	At 31 March 2015					824


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100