Redland Developments Limited - Accounts to registrar - small 17.2

Redland Developments Limited - Accounts to registrar - small 17.2

REDLAND DEVELOPMENTS LIMITED - Company Information

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Redland Developments Limited

Financial Statements for the Year Ended 31 December 2016













Redland Developments Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: A P Donnelly
B Donnelly





SECRETARY: B Donnelly





REGISTERED OFFICE: Insole House
Glamorgan Street
Canton
Cardiff
CF5 1QW





REGISTERED NUMBER: 04918544 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Redland Developments Limited


The following reproduces the text of the report prepared for the directors and members in
respect of the company's annual unaudited financial statements. In accordance with the
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Profit and Loss Account and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of Redland Developments Limited for the year ended
31 December 2016 which comprise the Income Statement, Balance Sheet and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Redland Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Redland Developments Limited and state those matters that we have agreed to state to the Board of Directors of Redland Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Redland Developments Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redland Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Redland Developments Limited. You consider that Redland Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Redland Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


30 June 2017

This page does not form part of the statutory financial statements

2
Redland Developments Limited (Registered number: 04918544)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 170,000 148,346

CURRENT ASSETS
Debtors 3 89,096 89,096
Cash at bank 8,257 7,909
97,353 97,005
CREDITORS
Amounts falling due within one year 4 91,103 88,501
NET CURRENT ASSETS 6,250 8,504
TOTAL ASSETS LESS CURRENT
LIABILITIES
176,250
156,850

CREDITORS
Amounts falling due after more than
one year
5
65,441
76,783
NET ASSETS 110,809 80,067

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 21,654 -
Retained earnings 89,055 79,967
SHAREHOLDERS' FUNDS 110,809 80,067

The notes form part of these financial statements

3
Redland Developments Limited (Registered number: 04918544)

Balance Sheet - continued
31 December 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 June 2017 and were
signed on its behalf by:





A P Donnelly - Director


The notes form part of these financial statements

4
Redland Developments Limited (Registered number: 04918544)

Notes to the Financial Statements
for the Year Ended 31 December 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rents.

Investment property
The company's property is held for long term investment. The property is valued at market
value.

2. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016 148,346
Revaluations 21,654
At 31 December 2016 170,000
NET BOOK VALUE
At 31 December 2016 170,000
At 31 December 2015 148,346

Cost or valuation at 31 December 2016 is represented by:

£   
Valuation in 2016 21,654
Cost 148,346
170,000

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 89,096 89,096

5
Redland Developments Limited (Registered number: 04918544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans 11,156 10,938
Trade creditors - 66
Corporation tax 2,359 1,437
Other creditors & accruals 72,593 71,065
Directors' loan accounts 4,995 4,995
91,103 88,501

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2016 2015
£    £   
Bank loans 65,441 76,783

6. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank loans 76,597 87,721

6