Abbreviated Company Accounts - R.H. DAVIES (SOUTHERN) LIMITED

R.H. DAVIES (SOUTHERN) LIMITED - Company Information

01149209 R.H. DAVIES (SOUTHERN) LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 01149209 2014-12-01 2015-11-30 01149209 2015-11-30 01149209 2014-11-30 01149209 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 01149209 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2014-11-30 iso4217:GBP shares

Registered Number 01149209

R.H. DAVIES (SOUTHERN) LIMITED

Abbreviated Accounts

30 November 2015

R.H. DAVIES (SOUTHERN) LIMITED Registered Number 01149209

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,600,294	2,139,071
Investments	3	17,831	17,831
		2,618,125	2,156,902
Current assets
Debtors		1,899,519	1,888,094
Cash at bank and in hand		19,857	46,204
		1,919,376	1,934,298
Creditors: amounts falling due within one year		(1,546,554)	(1,561,788)
Net current assets (liabilities)		372,822	372,510
Total assets less current liabilities		2,990,947	2,529,412
Creditors: amounts falling due after more than one year		(428,612)	(451,551)
Provisions for liabilities		(10,211)	(266)
Total net assets (liabilities)		2,552,124	2,077,595
Capital and reserves
Called up share capital	4	62,500	62,500
Revaluation reserve		800,213	388,373
Profit and loss account		1,689,411	1,626,722
Shareholders' funds		2,552,124	2,077,595

For the year ending 30 November 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 18 August 2016

And signed on their behalf by:
G W W Harries, Director

R.H. DAVIES (SOUTHERN) LIMITED Registered Number 01149209

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Plant & Machinery - 33.3% straight line
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
In accordance with SSAP 19, investment properties are reviewed annually and the surplus or deficit is transferred to the revaluation reserve. No depreciation is provided in respect of investment properties. The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with SSAP 19, and the directors consider that to depreciate would not give a true and fair view.

Other accounting policies
All fixed assets are initially recorded at cost.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
CREDITORS: Amounts falling due within one year
The following liabilities disclosed under creditors falling due within one year are secured by the company:
Bank loans and overdrafts 2015 £29,100 2014 £34,735
The bank loan is secured by a legal charge over specific freehold properties held by the company and a mortgage debenture incorporated a fixed and floating charge over all current and future assets of the company.
CREDITORS: amounts falling due after more than one year
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
Bank loans and overdrafts 2015 £428,612 2014 £451,551

2Tangible fixed assets

	£
Cost
At 1 December 2014	2,176,768
Additions	59,020
Disposals	-
Revaluations	411,840
Transfers	-
At 30 November 2015	2,647,628
Depreciation
At 1 December 2014	37,697
Charge for the year	9,637
On disposals	-
At 30 November 2015	47,334
Net book values
At 30 November 2015	2,600,294
At 30 November 2014	2,139,071

3Fixed assets Investments
COST OR VALUATION
at 1 December 2014 £99,444
at 30 November 2015 £99,444
DEPRECIATION AND AMOUNTS WRITTEN OFF
at 1 December 2014 £81,613
at 30 November 2015 £81,613
NET BOOK VALUE
at 30 November 2015 £17,831
at 30 November 2014 £17,831

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
16,200 A Ordinary shares of £1 each	16,200	16,200
15,625 B Ordinary shares of £1 each	15,625	15,625
30,675 C Ordinary shares of £1 each	30,675	30,675

The A. B, C shares rank pari passu in all respect, save that on a liquidation or return of capital the assets available for distribution shall be applied first in paying to the holders of the C shares the amount of capital paid up thereon, secondly in paying to the holders of the B shares the amount of capital paid thereon, thirdly in paying to the holders of the A shares, the amount of capital paid up thereon, and any balance shall be distributed in proportion to the amounts of capital paid up by the holders of the A, B and C shares.