Abbreviated Company Accounts - ROTHBURY INVESTMENTS LIMITED

ROTHBURY INVESTMENTS LIMITED - Company Information

05294630 ROTHBURY INVESTMENTS LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 05294630 2015-12-01 2016-11-30 05294630 2016-11-30 05294630 2015-11-30 05294630 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 05294630 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 05294630

ROTHBURY INVESTMENTS LIMITED

Abbreviated Accounts

30 November 2016

ROTHBURY INVESTMENTS LIMITED Registered Number 05294630

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	190,329	190,401
		190,329	190,401
Current assets
Debtors		-	393
Cash at bank and in hand		4,360	1,167
		4,360	1,560
Creditors: amounts falling due within one year		(2,652)	(1,859)
Net current assets (liabilities)		1,708	(299)
Total assets less current liabilities		192,037	190,102
Creditors: amounts falling due after more than one year		(148,541)	(148,541)
Total net assets (liabilities)		43,496	41,561
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		43,296	41,361
Shareholders' funds		43,496	41,561

For the year ending 30 November 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 August 2017

And signed on their behalf by:
G. A. Murphy, Director

ROTHBURY INVESTMENTS LIMITED Registered Number 05294630

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting

The financial statements have been 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. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors and bankers during this time.

Turnover policy
The turnover shown in the profit and loss account represents amounts of rent received during the year.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% Reducing balance basis

Other accounting policies
Investment properties

Investment properties have been included in the financial statements at cost.

In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties which are classified as investment properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are not held for consumption but for investment and the directors consider that to depreciate them would not give a true and fair view.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets

	£
Cost
At 1 December 2015	192,235
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	192,235
Depreciation
At 1 December 2015	1,834
Charge for the year	72
On disposals	-
At 30 November 2016	1,906
Net book values
At 30 November 2016	190,329
At 30 November 2015	190,401

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200 Ordinary shares of £1 each	200	200

RELATED PARTY TRANSACTIONS

Included in loans amounting to £148,541 (2015: £148,541) are loans from directors as follows:

2016
£

J. Cobb £31,252
Ms S. Kemp £31,593
G. & M. Murphy £37,050
------------------------------
Total £99,895
==============================

These loans are interest free with no fixed repayment date.

No further transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (effective January 2015).

ULTIMATE CONTROLLING PARTIES

The directors consider there is no ultimate controlling party of the company.