RD & JM Coles Property Management Limited - Period Ending 2016-08-31

Registration number: 07528653

RD & JM Coles Property Management Limited

Unaudited Abbreviated Accounts

for the Period from 1 March 2015 to 31 August 2016

 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

RD & JM Coles Property Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

RD & JM Coles Property Management Limited
(Registration number: 07528653)
Abbreviated Balance Sheet at 31 August 2016

		Note			31 August 2016 £			28 February 2015 £
Current assets
Debtors					121,471			90,752
Cash at bank and in hand					11,218			-
					132,689			90,752
Creditors: Amounts falling due within one year					(13,114)			-
Net assets					119,575			90,752
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					119,574			90,751
Shareholders' funds					119,575			90,752

For the year ending 31 August 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 31 May 2017 and signed on its behalf by:

.........................................
Mr RD Coles
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

RD & JM Coles Property Management Limited
Notes to the Abbreviated Accounts for the Period from 1 March 2015 to 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Revenue represents the fair value of the consideration received or receivable for property rental, net of discounts and sales taxes. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 August 2016						28 February 2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

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