Abbreviated Company Accounts - RHODES & HAMILTON LIMITED

RHODES & HAMILTON LIMITED - Company Information

01631241 RHODES & HAMILTON LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 01631241 2015-07-01 2016-06-30 01631241 2016-06-30 01631241 2015-06-30 01631241 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 01631241 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 01631241

RHODES & HAMILTON LIMITED

Abbreviated Accounts

30 June 2016

RHODES & HAMILTON LIMITED Registered Number 01631241

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	224,691	219,776
		224,691	219,776
Current assets
Stocks		839,102	1,222,723
Debtors		13,826	24,436
Cash at bank and in hand		1,464,487	1,026,233
		2,317,415	2,273,392
Creditors: amounts falling due within one year		(115,892)	(108,585)
Net current assets (liabilities)		2,201,523	2,164,807
Total assets less current liabilities		2,426,214	2,384,583
Accruals and deferred income		(3,100)	(2,950)
Total net assets (liabilities)		2,423,114	2,381,633
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		2,422,114	2,380,633
Shareholders' funds		2,423,114	2,381,633

For the year ending 30 June 2016 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 26 January 2017

And signed on their behalf by:
J M Rhodes, Director
I Rhodes, Director

RHODES & HAMILTON LIMITED Registered Number 01631241

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 2% straight line
Plant & Machinery - 10% straight line
Motor Vehicles - 25% reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The stock comprises development properties held for sale.

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 July 2015	300,903
Additions	14,073
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	314,976
Depreciation
At 1 July 2015	81,127
Charge for the year	9,158
On disposals	-
At 30 June 2016	90,285
Net book values
At 30 June 2016	224,691
At 30 June 2015	219,776

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000