REGISTERED NUMBER:
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RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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REGISTERED NUMBER:
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RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED (REGISTERED NUMBER: SC388890) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 4 |
RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED (REGISTERED NUMBER: SC388890) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED (REGISTERED NUMBER: SC388890) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Stocks |
Stocks represent the cost of work in progress in relation to property development. |
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Going concern |
The company had cash resources and had no requirement for external funding in that financial year. The |
directors have also secured funding to complete the develpment project. The directors have a reasonable |
expectation that the company has adequate resources to continue in operational existence for the foreseeable |
future. They continue to believe the going concern basis of accounting appropriate in preparing the annual |
financial statements. |
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Investment in subsidiary undertakings |
Investment in subsidiary undertakings are stated at cost. |
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Consolidation |
The company is entitled to the exemption from preparing group financial statements conferred by section 398 of |
the Companies Act 2006. As such these financial statements only reflect the transactions entered into by the |
company and not by the group as a whole. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
Additions | 100 |
At 30 November 2016 | 100 |
NET BOOK VALUE |
At 30 November 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RED EYE DEVELOPMENTS (PARK |
TERRACE) LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Red Eye Developments (Park Terrace) Limited for the year ended 30 November 2016 which |
comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of Red Eye Developments (Park Terrace) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Eye Developments (Park Terrace) Limited and state those matters that we have agreed to state to the Board of Directors of Red Eye Developments (Park Terrace) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Red Eye Developments (Park Terrace) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Eye Developments (Park Terrace) Limited. You consider that Red Eye Developments (Park Terrace) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Red Eye Developments (Park Terrace) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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31 August 2017 |