REACHVIEW PROPERTIES LIMITED Small abbreviated accounts

REACHVIEW PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 04026167

REACHVIEW PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

31 October 2016

GERALD KREDITOR & CO.

Chartered Accountants

Hallswelle House

1 Hallswelle Road

London

NW11 0DH

REACHVIEW PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

31 October 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			1,412,404	1,412,404
			---------------	---------------

CURRENT ASSETS

Debtors	182,527		181,873
Cash at bank and in hand	1,512		3,272
	-----------		-----------
	184,039		185,145
CREDITORS: Amounts falling due within one year	767,603		728,378
	-----------		-----------
NET CURRENT LIABILITIES		( 583,564)	( 543,233)
		---------------	---------------
TOTAL ASSETS LESS CURRENT LIABILITIES		828,840	869,171

CREDITORS: Amounts falling due after more than one year	448,924	474,280
	-----------	-----------
	379,916	394,891
	-----------	-----------

CAPITAL AND RESERVES

Called up equity share capital	4	1	1
Revaluation reserve		292,426	292,426
Profit and loss account		87,489	102,464
		-----------	-----------
SHAREHOLDERS' FUNDS		379,916	394,891
		-----------	-----------

For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 1 February 2018 .

S.Feldman

Company Registration Number: 04026167

REACHVIEW PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 OCTOBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed assets

All fixed assets are initially recorded at cost.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST OR VALUATION

At 1 November 2015 and 31 October 2016	1,412,404
	---------------

DEPRECIATION	–
	---------------

NET BOOK VALUE

At 31 October 2016	1,412,404
	---------------

At 31 October 2015	1,412,404
	---------------

3. RELATED PARTY TRANSACTIONS

The company was under the control of Mr S Feldman throughout the current and previous year. Mr S Feldman is the managing director. Included in other debtors are the following transactions with related parties:

	2016	2015
	£	£
Croftbell Properties Limited	22,246	21,746
Brackenfield Limited	1,000	1,000
Hamaford Limited	4,494	4,494
	----------	----------
	27,740	27,240

	2016	2015
	£	£
Croftbell Properties Limited	22,246	21,746
Brackenfield Limited	1,000	1,000
Hamaford Limited	4,494	4,494
	----------	----------
	27,740	27,240

Included in other creditors are the following transactions with related parties:

	2016	2015
	£	£
Bigleague Limited	189,384	189,384
Crestheights Limited	920	920
Assetworld Limited	56,110	56,110
	-----------	-----------
	274,154	273,654

	2016	2015
	£	£
Bigleague Limited	189,384	189,384
Crestheights Limited	920	920
Assetworld Limited	56,110	56,110
	-----------	-----------
	274,154	273,654

4. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
1,000 Ordinary shares of £ 1 each	1,000	1,000
	--------	--------

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	-----	-----	-----	-----