Abbreviated Company Accounts - ROSCOM PROPERTY DEVELOPMENTS LTD

Abbreviated Company Accounts - ROSCOM PROPERTY DEVELOPMENTS LTD

ROSCOM PROPERTY DEVELOPMENTS LTD - Company Information

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Registered Number 04430351

ROSCOM PROPERTY DEVELOPMENTS LTD

Abbreviated Accounts

30 June 2016

ROSCOM PROPERTY DEVELOPMENTS LTD Registered Number 04430351

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,579 3,146
2,579 3,146
Current assets
Stocks 969,107 969,107
Debtors 33,300 16,276
Cash at bank and in hand 19,112 57,200
1,021,519 1,042,583
Creditors: amounts falling due within one year (64,462) (73,254)
Net current assets (liabilities) 957,057 969,329
Total assets less current liabilities 959,636 972,475
Creditors: amounts falling due after more than one year (762,790) (771,724)
Total net assets (liabilities) 196,846 200,751
Capital and reserves
Called up share capital 100 100
Profit and loss account 196,746 200,651
Shareholders' funds 196,846 200,751
  • For the year ending 30 June 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 14 March 2017

And signed on their behalf by:
Anthony Martin Frawley, Director

ROSCOM PROPERTY DEVELOPMENTS LTD Registered Number 04430351

Notes to the Abbreviated Accounts for the period ended 30 June 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers.

Tangible assets depreciation policy
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
Office equipment 18% reducing balance basis
Motor vehicle 18% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 July 2015 3,836
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 3,836
Depreciation
At 1 July 2015 690
Charge for the year 567
On disposals -
At 30 June 2016 1,257
Net book values
At 30 June 2016 2,579
At 30 June 2015 3,146