Company Registration No. 06333412 (England and Wales)
ROGER ALLARD (NO. 2) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
ROGER ALLARD (NO. 2) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROGER ALLARD (NO. 2) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,646,175
2,646,175
Current assets
Debtors
26,290
-
Cash at bank and in hand
2,968
3,937
29,258
3,937
Creditors: amounts falling due within one year
(2,426,057)
(2,459,252)
Net current liabilities
(2,396,799)
(2,455,315)
Total assets less current liabilities
249,376
190,860
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
249,375
190,859
Shareholders' funds
249,376
190,860
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 January 2016
R J Allard
Director
Company Registration No. 06333412
ROGER ALLARD (NO. 2) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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).
The company has sufficient financial resources and the director believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
1.2
Turnover
Turnover represents rentals receivable on investment properties inclusive of VAT. Turnover is recognised based on the period of occupancy.
inclusive of VAT.
Turnover is recognised based on the period of occupancy.
1.3
Tangible fixed assets and depreciation
Tangible assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost of valuation less estimated residual value of each asset over its expected useful life, as follows:
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
2,646,175
At 30 April 2014
2,646,175
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
ROGER ALLARD (NO. 2) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
4
Ultimate parent company
The company's parent and ultimate parent company is Roger Allard Limited, a company incorporated in England and Wales.
During the year the company was controlled by R J Allard, the director.