Abbreviated Company Accounts - RSG PROPERTY (BRISTOL) LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on the going concern basis, notwithstanding the
company's net current liabilities of £915,594 and net liabilities of £83,435, which the directors
believe to be appropriate for the following reasons. The company is dependent for its working
capital on funds provided by it's director K W Dawe. K W Dawe has indicated that for at least
12 months from the date of approval of these financial statements, he will continue to make
available such funds as are needed by the company and will not recall the Directors loan
owed by the company to him. The directors consider that this should enable the company to
continue in operational existence for the foreseeable future by meeting its liabilities as they fall
due for payment. As with any company placing reliance on a director for financial support,
there can be no certainty that this support will continue, although, at the date of approval of
these financial statements, the directors have no reason to believe that it will not do so.

Turnover policy
Turnover represents amounts receivable for rent and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost less estimated residual value
of each asset over its expected useful life, as follows:

Land and buildings Freehold 10 years
Plant and machinery 15% - 33% on cost

No depreciation is provided in respect of freehold land.