| T and R Investments Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of T and R Investments Limited for the year ended 31 August 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 T and R Investments Limited for the year ended 31 August 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/content/dam/acca/global/PDF-members/2012/2012r/rulebook_2012.pdf. |
| This report is made solely to the Board of Directors of T and R Investments Limited, as a body, in accordance with the terms of our engagement letter dated 6 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of T and R Investments Limited and state those matters that we have agreed to state to the Board of Directors of T and R Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T and R Investments Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that T and R Investments 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 T and R Investments Limited. You consider that T and R Investments 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 T and R Investments 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. |
|
| Shirley Hollis & Co |
| Chartered Certified Accountants |
| 41 High Street |
| Durrington |
| Salisbury |
| Wiltshire |
| SP4 8AE |
|
| 29 May 2015 |
|
| T and R Investments Limited |
| Registered number: |
04048808 |
| Abbreviated Balance Sheet |
| as at 31 August 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
650,433 |
|
|
600,535 |
|
| Current assets |
| Debtors |
|
|
4,713 |
|
|
4,053 |
| Cash at bank and in hand |
|
|
13,370 |
|
|
8,920 |
|
|
|
18,083 |
|
|
12,973 |
|
| Creditors: amounts falling due within one year |
|
|
(19,667) |
|
|
(17,263) |
|
| Net current liabilities |
|
|
|
(1,584) |
|
|
(4,290) |
|
| Total assets less current liabilities |
|
|
|
648,849 |
|
|
596,245 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(357,914) |
|
|
(363,433) |
|
|
|
| Net assets |
|
|
|
290,935 |
|
|
232,812 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
|
|
|
249,459 |
|
|
199,459 |
| Profit and loss account |
|
|
|
40,476 |
|
|
32,353 |
|
| Shareholders' funds |
|
|
|
290,935 |
|
|
232,812 |
|
|
|
|
|
|
|
|
| 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 and the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
|
| G S Roberts |
| Director |
| Approved by the board on 29 May 2015 |
|
| T and R Investments Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of amounts receivable from tenants. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings and equipment |
15% reducing balance |
|
Motor vehicles |
25% straight line |
|
|
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investments 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 requirements 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. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2013 |
601,803 |
|
Surplus on revaluation |
50,000 |
|
At 31 August 2014 |
651,803 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2013 |
1,268 |
|
Charge for the year |
102 |
|
At 31 August 2014 |
1,370 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2014 |
650,433 |
|
At 31 August 2013 |
600,535 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
65,748 |
|
75,909 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
