Abbreviated Company Accounts - R & E INVESTMENTS LTD

R & E INVESTMENTS LTD - Company Information

04989653 R & E INVESTMENTS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 04989653 2014-04-01 2015-03-31 04989653 2015-03-31 04989653 2014-03-31 04989653 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04989653 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04989653

R & E INVESTMENTS LTD

Abbreviated Accounts

31 March 2015

R & E INVESTMENTS LTD Registered Number 04989653

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	215,000	120,000
		215,000	120,000
Current assets
Cash at bank and in hand		221	163
		221	163
Creditors: amounts falling due within one year		(63,019)	(58,216)
Net current assets (liabilities)		(62,798)	(58,053)
Total assets less current liabilities		152,202	61,947
Creditors: amounts falling due after more than one year		(166,559)	(166,421)
Total net assets (liabilities)		(14,357)	(104,474)
Capital and reserves
Called up share capital	3	4	4
Revaluation reserve		41,162	-
Other reserves		-	(53,838)
Profit and loss account		(55,523)	(50,640)
Shareholders' funds		(14,357)	(104,474)

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2015

And signed on their behalf by:
MR R NORTON, Director

R & E INVESTMENTS LTD Registered Number 04989653

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

At 31st March 2015, the company had net liabilities of £14,357. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least twelve months from the date of signing the accounts.

On the above basis, the director considers that the accounts should be prepared on a going concern basis.

Turnover policy
The turnover shown in the profit and loss account represents rents received during the year.

Tangible assets depreciation policy
All fixed assets were initially recorded at cost. The investment properties were revalued by the director in accordance with FRSSE 2008.

Investment properties

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Other accounting policies
The company was under the control of the director Mr R Norton during the current and previous year. Mr R Norton owns 100% of the company's share capital.

2Tangible fixed assets

	£
Cost
At 1 April 2014	120,000
Additions	-
Disposals	-
Revaluations	95,000
Transfers	-
At 31 March 2015	215,000
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	215,000
At 31 March 2014	120,000

The investment properties were revalued from their original cost of £66,162 in the year ended 31st March 2015. The revalued amount of £215,000 reflects the current market value of the properties.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4