Robarts (Investment) Limited
|
Registered number: |
00718103
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
2,500,000 |
|
|
2,270,000 |
|
Current assets |
Debtors |
|
|
22,649 |
|
|
22,248 |
Cash at bank and in hand |
|
|
96,367 |
|
|
110,275 |
|
|
|
119,016 |
|
|
132,523 |
|
Creditors: amounts falling due within one year |
|
|
(75,673) |
|
|
(108,238) |
|
Net current assets |
|
|
|
43,343 |
|
|
24,285 |
|
Net assets |
|
|
|
2,543,343 |
|
|
2,294,285 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
42,000 |
|
|
42,000 |
Revaluation reserve |
|
|
|
1,522,493 |
|
|
1,292,493 |
Capital redemption reserve |
|
|
|
634,450 |
|
|
634,450 |
Profit and loss account |
|
|
|
344,400 |
|
|
325,342 |
|
Shareholders' funds |
|
|
|
2,543,343 |
|
|
2,294,285 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
V L d'Angibau |
Director |
Approved by the board on 14 August 2016
|
|
Robarts (Investment) Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover comprises rental income received exclusive of value added tax.
|
|
2 |
Investment policy |
|
|
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the Directors, necessary in order to give a true and fair view of the financial position of the company. |
|
2 |
Investments |
Investment |
property |
|
|
Cost |
£ |
|
At 1 April 2015 |
2,270,000 |
|
Additions |
230,000 |
|
|
At 31 March 2016 |
2,500,000 |
|
|
|
|
|
|
|
|
The investment properties have been valued by the Directors at the balance sheet date. |
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
21,000 |
|
21,000 |
|
21,000 |
|
Ordinary 'A' shares
|
£1 each |
|
21,000 |
|
21,000 |
|
21,000 |
|
|
|
|
|
|
42,000 |
|
42,000 |
|
|
|
|
|
|
|
|
|