Rural_Estate_Developments - Accounts


Company Registration No. SC291739 (Scotland)
Rural Estate Developments Ltd
Abbreviated financial statements
for the year ended 30 June 2016
Rural Estate Developments Ltd
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated financial statements
2
Rural Estate Developments Ltd
Abbreviated balance sheet
as at 30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
-
150
Cash at bank and in hand
669
3,672
669
3,822
Creditors: amounts falling due within one year
(385,661)
(390,843)
Total assets less current liabilities
(384,992)
(387,021)
Capital and reserves
Called up share capital
2
200
200
Profit and loss account
(385,192)
(387,221)
Shareholders'  funds
(384,992)
(387,021)
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 March 2017
Andrew Bissell
Director
Company Registration No. SC291739
Rural Estate Developments Ltd
Notes to the abbreviated financial statements
for the year ended 30 June 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

In addition they are prepared on a going concern basis which assumes that the company will continue to trade for the forseeable future.  The validity of this assumption is dependant on future profitability and the continued support of the company's shareholders.  If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for future liabilities that may arise, and to reclassify fixed assets as current assets.
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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Taxation
Deferred taxation is provided in full 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
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200Ordinary Shares of £1 each
200
200
3
Ultimate parent company
The ultimate controlling parties are Andrew and Susan Bissell by virtue of their shareholdings.
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