Company Registration No. SC062815 (Scotland)
ROBIN HOOD DEVELOPMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ROBIN HOOD DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROBIN HOOD DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
242,052
62,636
Investments
2
400,001
404,986
642,053
467,622
Current assets
Debtors
4,456
4,129
Cash at bank and in hand
31,360
245,650
35,816
249,779
Creditors: amounts falling due within one year
(54,086)
(11,780)
Net current liabilities/(assets)
(18,270)
237,999
Total assets less current liabilities
623,783
705,621
Capital and reserves
Called up share capital
3
7,000
7,000
Profit and loss account
616,783
698,621
Shareholders' funds
623,783
705,621
For the financial year ended 31 March 2016 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 26 July 2016
Mr Peter Honthy
Director
Company Registration No. SC062815
ROBIN HOOD DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 invoiced sales of services.
invoiced sales of services.
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
none
Computer equipment
25% on cost
Fixtures and fittings
25% on reducing balance
1.5
Investments
Fixed asset investments are stated
in the balance sheet
at cost less
any
provision for
impairment
in value.
1.6
Deferred taxation
Deferred
tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
ROBIN HOOD DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2015
66,689
404,986
471,675
Additions
211,500
-
211,500
Disposals
(31,769)
(4,985)
(36,754)
At 31 March 2016
246,420
400,001
646,421
Depreciation
At 1 April 2015
4,052
-
4,052
Charge for the year
316
-
316
At 31 March 2016
4,368
-
4,368
Net book value
At 31 March 2016
242,052
400,001
642,053
At 31 March 2015
62,636
404,986
467,622
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
7,000 Ordinary of £1 each
7,000
7,000