Company Registration No. 03800768 (England and Wales)
RENAISSANCE VILLAGES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
RENAISSANCE VILLAGES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
RENAISSANCE VILLAGES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,769
7,066
Investments
2
4
4
8,773
7,070
Current assets
Debtors
207,033
475,838
Cash at bank and in hand
767,420
668,305
974,453
1,144,143
Creditors: amounts falling due within one year
(513,693)
(624,558)
Net current assets
460,760
519,585
Total assets less current liabilities
469,533
526,655
Provisions for liabilities
(1,312)
(712)
468,221
525,943
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
468,217
525,939
Shareholders' funds
468,221
525,943
For the financial year ended 31 March 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 22 July 2015
Mr W C Gair
Director
Company Registration No. 03800768
RENAISSANCE VILLAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 April 2008).
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 the invoice value of services provided during the year in respect of consultancy services and is net of value added tax.
1.4
Tangible fixed assets and depreciation
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
3 Years Straight Line
Fixtures, fittings & equipment
3 Years Straight Line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. The deferred tax balance has not been discounted.
1.9
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
RENAISSANCE VILLAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
53,876
4
53,880
Additions
6,752
-
6,752
Disposals
(7,006)
-
(7,006)
At 31 March 2015
53,622
4
53,626
Depreciation
At 1 April 2014
46,810
-
46,810
On disposals
(7,006)
-
(7,006)
Charge for the year
5,049
-
5,049
At 31 March 2015
44,853
-
44,853
Net book value
At 31 March 2015
8,769
4
8,773
At 31 March 2014
7,066
4
7,070
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Durrants Management Limited
England
Ordinary
100.00
Maudsley Park Management Limited
England
Ordinary
100.00
Millbrook Village Management Limited
England
Ordinary
100.00
Bramshott Place Managment Limited
England
Ordinary
100.00
RENAISSANCE VILLAGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Durrants Management Limited
Dormant
1
-
Maudsley Park Management Limited
Dormant
1
-
Millbrook Village Management Limited
Dormant
1
-
Bramshott Place Managment Limited
Management
1
-
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
2 Ordinary A of £1 each
2
2
4
4