Rural_Estate_Developments - Accounts
Rural_Estate_Developments - Accounts
Company Registration No. SC291739 (Scotland)
Abbreviated financial statements
for the year ended 30 June 2016
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated financial statements
2
Abbreviated balance sheet
as at 30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
-
Cash at bank and in hand
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
Profit and loss account
(385,192 )
(387,221 )
Shareholders' funds
(384,992 )
(387,021 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 28 March 2017
Director
Company Registration No. SC291739
Notes to the abbreviated financial statements
for the year ended 30 June 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
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
3
Ultimate parent company
The ultimate controlling parties are Andrew and Susan Bissell by virtue of their shareholdings.