true
Rhoscolyn Estate Enterprises Limited
07595906
2015-03-31
-174131
-100123
-174031
-100023
100
100
-174031
-100023
329763
330803
155732
230780
-170786
-2195
194168
31056
23382
28861
18594
25202
4788
3659
326518
232975
312568
232975
13950
0
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss accounts represents amounts receivable for rentals of properties during the period in the normal course of business, net of VAT and other sales and related taxes.
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.
Going concern
The financial statements have been prepared on a going concern basis, despite the company having made a loss before taxation of £74,008 (2014 - £23,533), and having an overall deficiency of liabilities over assets of £174,031 (2014 - £100,023). The company is supported by loans from its director and other family interests totalling £329,763 (2014 - £330,803). Although these factors indicate that the company may be unable to continue trading, the director is confident, based on current management statements and forecasts, that the company will trade profitably in the coming and future years, and will be able to meet its debts as they fall due.
Fixtures & Fittings
reducing balance
0.2500
Leasehold Property
straight line
0.0400
388331
284165
104166
75763
51190
24573
13950
0
13950
402281
284165
118116
75763
51190
24573
Ordinary
100
1
100
100
Ordinary
1
100
100
100
During the period the company received an advance of funds of £Nil (2014 - £10,000) from the company's director Mr A N E Verney. No interest is being charged on these advances. At 31 March 2015, the company owed £87,511 (2014 - £102,501) to Mr A N E Verney.
2015-12-23
Mr A N E Verney
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Rhoscolyn Estate Enterprises Limited
2014-04-01
2015-03-31
Rhoscolyn Estate Enterprises Limited
2013-04-01
2014-03-31
Rhoscolyn Estate Enterprises Limited
2013-03-31
Rhoscolyn Estate Enterprises Limited
2014-03-31
Rhoscolyn Estate Enterprises Limited
2014-03-31
Rhoscolyn Estate Enterprises Limited
2015-03-31
2015-12-24