| Yorkshire Rose Lettings Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Yorkshire Rose Lettings Limited for the year ended 30 June 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Yorkshire Rose Lettings Limited for the year ended 30 June 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Yorkshire Rose Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 25 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of Yorkshire Rose Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Yorkshire Rose Lettings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Rose Lettings Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Yorkshire Rose Lettings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yorkshire Rose Lettings Limited. You consider that Yorkshire Rose Lettings Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Yorkshire Rose Lettings 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 abbreviated accounts. |
|
| CerTax Accounting (Doncaster) Limited |
| Chartered Accountants |
| 12 High Road |
| Balby |
| Doncaster |
| DN4 0PL |
|
| 23 March 2015 |
|
| Yorkshire Rose Lettings Limited |
| Registered number: |
04511484 |
| Abbreviated Balance Sheet |
| as at 30 June 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
965,994 |
|
|
959,258 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
8,106 |
| Cash at bank and in hand |
|
|
82,705 |
|
|
33,795 |
|
|
|
82,705 |
|
|
41,901 |
|
| Creditors: amounts falling due within one year |
|
|
(218,821) |
|
|
(173,601) |
|
| Net current liabilities |
|
|
|
(136,116) |
|
|
(131,700) |
|
| Total assets less current liabilities |
|
|
|
829,878 |
|
|
827,558 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(861,386) |
|
|
(884,603) |
|
|
|
| Net liabilities |
|
|
|
(31,508) |
|
|
(57,045) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
|
|
|
143,339 |
|
|
143,339 |
| Profit and loss account |
|
|
|
(174,947) |
|
|
(200,484) |
|
| Shareholders' funds |
|
|
|
(31,508) |
|
|
(57,045) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
| Lee Batty |
| Director |
| Approved by the board on 23 March 2015 |
|
| Yorkshire Rose Lettings Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 4/1/2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2013 |
976,172 |
|
Additions |
8,783 |
|
At 30 June 2014 |
984,955 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2013 |
16,914 |
|
Charge for the year |
2,047 |
|
At 30 June 2014 |
18,961 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2014 |
965,994 |
|
At 30 June 2013 |
959,258 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
810,603 |
|
810,603 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
