R & P Villas Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02245356 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

R & P VILLAS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A Anthony

T J Watkins

J Watkins

SECRETARY:

T J Watkins

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

02245356 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

2

151,382

151,536

CURRENT ASSETS

Debtors

394

Cash at bank and in hand

1,022

1,785

1,416

2,179

CREDITORS

Amounts falling due within one year

230

574

NET CURRENT ASSETS

1,186

1,605

TOTAL ASSETS LESS CURRENT
LIABILITIES

152,568

153,141

CREDITORS

Amounts falling due after more than one
year

127,133

NET ASSETS

25,435

26,008

CAPITAL AND RESERVES

Called up share capital

3

12,000

Revaluation reserve

85,393

Profit and loss account

(71,958

)

(71,385

)

SHAREHOLDERS' FUNDS

25,435

26,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its
behalf by:

T J Watkins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

There are no material uncertainties that may cast significant doubt about the company's ability to

continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of the freehold property and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2007).

Turnover

Turnover represents rental income receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Fixtures and fittings

-

10% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

161,416

DEPRECIATION

At 1 July 2015

9,880

Charge for year

154

At 30 June 2016

10,034

NET BOOK VALUE

At 30 June 2016

151,382

At 30 June 2015

151,536

The property was revalued by the directors on the 31 August 2005. The revaluation was based on the

sale value of similar properties on the managed site. The directors do not consider the current value to

be materially different at 30 June 2016.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

12,000

Ordinary

£1

12,000