RED_ROSE_COMMERCIAL_LIMIT - Accounts
RED_ROSE_COMMERCIAL_LIMIT - Accounts
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
Company Registration No. 05740683 (England and Wales)
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
Bankers
Royal Bank of Scotland
45-47 Bank Street
Bradford
BD1 1TS
Lloyds Bank plc
PO Box 96
6-7 Park Row
Leeds
LS1 1NX
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(134,115 )
(206,477 )
Net current liabilities
(40,746 )
(52,409 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
3
(51,887 )
(58,864 )
Provisions for liabilities
(211 )
(774 )
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2013
- 2 -
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 7 July 2014
Director
Company Registration No. 05740683
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
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 applicable accounting standard, SSAP 19, Accounting for investment properties, 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 directors 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.
Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, 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 directors 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.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013 & at 31 December 2013
164,868
Depreciation
At 1 January 2013
8,320
Charge for the year
15,495
At 31 December 2013
23,815
Net book value
At 31 December 2013
141,053
At 31 December 2012
156,548
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
3
Creditors: amounts falling due after more than one year
2013
2012
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
(22,910)
(30,318)
4
Share capital
2013
2012
£
£
Allotted, called up and fully paid