Abbreviated Company Accounts - REALITY INVESTMENTS LIMITED

APPLETONGATE INVESTMENTS LIMITED - Company Information

08261778 REALITY INVESTMENTS LIMITED 2014-01-31 false 2012-10-22 2014-01-31 true 08261778 2012-10-22 2014-01-31 08261778 2014-01-31 08261778 uk-gaap-cd-bus:Director1 2012-10-22 2014-01-31 08261778 uk-gaap-cd-bus:Director2 2012-10-22 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-22 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 08261778

REALITY INVESTMENTS LIMITED

Abbreviated Accounts

31 January 2014

REALITY INVESTMENTS LIMITED Registered Number 08261778

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	17,507
		17,507
Current assets
Debtors		56,052
Cash at bank and in hand		4,752
		60,804
Creditors: amounts falling due within one year		(81,553)
Net current assets (liabilities)		(20,749)
Total assets less current liabilities		(3,242)
Total net assets (liabilities)		(3,242)
Capital and reserves
Called up share capital	3	3
Share premium account		6
Profit and loss account		(3,251)
Shareholders' funds		(3,242)

For the year ending 31 January 2014 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 22 August 2014

And signed on their behalf by:
MR S MCCRACKEN, Director

REALITY INVESTMENTS LIMITED Registered Number 08261778

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery 20% Straight line
Computer equipment 20% Straight line
Motor vehicles 25% Reducing balance

Other accounting policies
Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Tangible fixed assets

	£
Cost
Additions	21,282
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	21,282
Depreciation
Charge for the year	3,775
On disposals	-
At 31 January 2014	3,775
Net book values
At 31 January 2014	17,507

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

	2014 £
3 Ordinary shares of £1 each	3

2 ordinary £1 shares were issued on 22 October 2012 for £3 each. A further £1 ordinary share was issued on 1 July 2013 for £3.