Abbreviated Company Accounts - RUSSELL COURT LIMITED

Abbreviated Company Accounts - RUSSELL COURT LIMITED

RUSSELL COURT LIMITED - Company Information

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Registered Number 02287130

RUSSELL COURT LIMITED

Abbreviated Accounts

30 April 2016

RUSSELL COURT LIMITED Registered Number 02287130

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 2,578,102 2,580,705
2,578,102 2,580,705
Current assets
Stocks 3,701 3,701
Debtors 128,848 164,984
Investments 10,549 17,832
Cash at bank and in hand 278,939 370,748
422,037 557,265
Creditors: amounts falling due within one year 3 (278,625) (353,944)
Net current assets (liabilities) 143,412 203,321
Total assets less current liabilities 2,721,514 2,784,026
Creditors: amounts falling due after more than one year 3 (1,441,507) (1,539,672)
Total net assets (liabilities) 1,280,007 1,244,354
Capital and reserves
Called up share capital 4 10,000 10,000
Profit and loss account 1,270,007 1,234,354
Shareholders' funds 1,280,007 1,244,354
  • For the year ending 30 April 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 26 January 2017

And signed on their behalf by:
Andrew West, Director

RUSSELL COURT LIMITED Registered Number 02287130

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance
Freehold land and buildings are not depreciated. This represents a departure from the provisions of the Companies Act 2006. The company has a policy and practice of regular maintenance and repair, the charges for which are recognised in the profit and loss account as incurred. The company believes that such a policy ensures that the estimated residual value of its property at the balance sheet date is maintained at a level not materially different from the carrying amount
of the asset. As such, no depreciation charge is made on the grounds that any such charge would be immaterial.

2Tangible fixed assets
£
Cost
At 1 May 2015 2,899,524
Additions 29,542
Disposals (447)
Revaluations -
Transfers -
At 30 April 2016 2,928,619
Depreciation
At 1 May 2015 318,819
Charge for the year 32,013
On disposals (315)
At 30 April 2016 350,517
Net book values
At 30 April 2016 2,578,102
At 30 April 2015 2,580,705
3Creditors
2016
£		 2015
£
Secured Debts 1,539,724 1,633,889
Instalment debts due after 5 years 960,639 1,064,804
Non-instalment debts due after 5 years 0 0
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 A Ordinary shares of £1 each 2 2
9,888 B Ordinary shares of £1 each 9,888 9,888