Company Registration No. 03075632 (England and Wales)
ROSEGRANGE LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
Dutchmans Chartered Accountants
3 Station Parade, Cherry Tree Rise
Buckhurst Hill, Essex IG9 6EU
ROSEGRANGE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROSEGRANGE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
421,081
422,797
Current assets
Debtors
2,245
261
Cash at bank and in hand
27,671
142,646
29,916
142,907
Creditors: amounts falling due within one year
(16,747)
(116,574)
Net current assets
13,169
26,333
Total assets less current liabilities
434,250
449,130
Creditors: amounts falling due after more than one year
3
(272,454)
(282,047)
161,796
167,083
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
161,696
166,983
Shareholders' funds
161,796
167,083
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 September 2016
S A Kestenbaum
Director
Company Registration No. 03075632
ROSEGRANGE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for the letting of property.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Not depreciated
Land and buildings Leasehold
Over the periods of the leases on a straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
443,584
Depreciation
At 1 January 2015
20,787
Charge for the year
1,716
At 31 December 2015
22,503
Net book value
At 31 December 2015
421,081
At 31 December 2014
422,797
ROSEGRANGE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
138,754
138,754
Total amounts repayable by instalments which are due in more than five years
95,340
104,933
The aggregate amount of creditors for which security has been given amounted to £143,290 (2014 - £152,883).
The bank loans are secured by charges on the properties to which they relate.
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100