Abbreviated Company Accounts - THE REDCAR BROOK COMPANY LIMITED

THE REDCAR BROOK COMPANY LIMITED - Company Information

Registered Number 04904115

THE REDCAR BROOK COMPANY LIMITED

Abbreviated Accounts

28 September 2016

THE REDCAR BROOK COMPANY LIMITED Registered Number 04904115

Abbreviated Balance Sheet as at 28 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	17,952	19,612
Investments	3	205,000	205,000
		222,952	224,612
Current assets
Stocks		2,513,109	927,103
Debtors		40,439	51,910
Cash at bank and in hand		-	86,330
		2,553,548	1,065,343
Creditors: amounts falling due within one year	4	(628,269)	(138,249)
Net current assets (liabilities)		1,925,279	927,094
Total assets less current liabilities		2,148,231	1,151,706
Creditors: amounts falling due after more than one year	4	(2,092,196)	(1,108,094)
Total net assets (liabilities)		56,035	43,612
Capital and reserves
Called up share capital		100	100
Revaluation reserve		13,747	13,786
Profit and loss account		42,188	29,726
Shareholders' funds		56,035	43,612

For the year ending 28 September 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 18 October 2017

And signed on their behalf by:
Mr S R N Russell, Director

THE REDCAR BROOK COMPANY LIMITED Registered Number 04904115

Notes to the Abbreviated Accounts for the period ended 28 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:
Land & Buildings - Straight Line 25 Years
Plant & Machinery - 20% Straight Line
Fixtures & Fittings - 10-25% Straight Line

Valuation information and policy
Investment Properties
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective January 2015). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.
No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.

Investments
Fixed investments are stated at cost less provision for permanent diminution in value.

Stock & Work in Progress
Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
Going Concern
These accounts have been prepared on a going concern basis as one of the largest creditors is the managing director and shareholder. The director is comfortable with the loans remaining outstanding for the next twelve months.

2Intangible fixed assets

	£
Cost
At 29 September 2015	56,540
Additions	1,447
Disposals	-
Revaluations	-
Transfers	-
At 28 September 2016	57,987
Amortisation
At 29 September 2015	36,928
Charge for the year	3,107
On disposals	-
At 28 September 2016	40,035
Net book values
At 28 September 2016	17,952
At 28 September 2015	19,612

3Fixed assets Investments
Fixed asset investments comprise of residential properties. Current valuation as advised by the directors amounts to £205,000

4Creditors

	2016 £	2015 £
Secured Debts	1,886,574	498,560