Abbreviated Company Accounts - RICHLEX LTD

06216036 RICHLEX LTD 2016-04-30 false 2015-05-01 2016-04-30 true 06216036 2015-05-01 2016-04-30 06216036 2016-04-30 06216036 2015-04-30 06216036 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 06216036 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 06216036

RICHLEX LTD

Abbreviated Accounts

30 April 2016

RICHLEX LTD Registered Number 06216036

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,204,481	1,205,499
		1,204,481	1,205,499
Current assets
Debtors		66,378	80,609
Cash at bank and in hand		21,701	18,455
		88,079	99,064
Creditors: amounts falling due within one year	3	(1,212,953)	(1,226,159)
Net current assets (liabilities)		(1,124,874)	(1,127,095)
Total assets less current liabilities		79,607	78,404
Creditors: amounts falling due after more than one year	3	(74,036)	(78,210)
Total net assets (liabilities)		5,571	194
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		5,471	94
Shareholders' funds		5,571	194

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 30 January 2017

And signed on their behalf by:
Mrs. M. Feingold, Director

RICHLEX LTD Registered Number 06216036

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 income from property in the United Kingdom.

Tangible assets depreciation policy
No depreciation has been provided in respect of the company's freehold and long leasehold investment properties and improvements, which are shown at cost. This treatment is a departure from the Financial Reporting Standard for Smaller Entities, which requires investment properties to be shown at market value and leasehold properties to be depreciated, but in the opinion of the director, the cost of the company's investment properties approximated to their market value at the balance sheet date.

Related furniture, furnishing and equipment have been depreciated on the reducing balance method, to write off the cost of the assets concerned over their anticipated useful lives.

Other accounting policies
Going concern
The director confirms that, in her opinion, the company will continue as a going concern for a period of 12 months from the approval of these financial statements. Consequently, the financial statements should be drawn up on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 May 2015	1,214,474
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	1,214,474
Depreciation
At 1 May 2015	8,975
Charge for the year	1,018
On disposals	-
At 30 April 2016	9,993
Net book values
At 30 April 2016	1,204,481
At 30 April 2015	1,205,499

In the opinion of the director, the value of the company's freehold and leasehold properties at the balance sheet date approximated to their cost.

3Creditors

	2016 £	2015 £
Secured Debts	77,636	81,810

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100