Reading Real Estate (UK) Limited - Abbreviated accounts 16.3

Reading Real Estate (UK) Limited - Abbreviated accounts 16.3

READING REAL ESTATE (UK) LIMITED - Company Information

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REGISTERED NUMBER: 09790745 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

23 SEPTEMBER 2015 TO 30 SEPTEMBER 2016

FOR

READING REAL ESTATE (UK) LIMITED

READING REAL ESTATE (UK) LIMITED (REGISTERED NUMBER: 09790745)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the period 23 September 2015 to 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

READING REAL ESTATE (UK) LIMITED

COMPANY INFORMATION
for the period 23 September 2015 to 30 September 2016







DIRECTORS: J Almutawa
M Almutawa





REGISTERED OFFICE: Griffins Court
24-32 London Road
NEWBURY
Berkshire
RG14 1JX





REGISTERED NUMBER: 09790745 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy LLP
Chartered Accountants
Griffins Court
24-32 London Road
NEWBURY
Berkshire
RG14 1JX
Page 1
READING REAL ESTATE (UK) LIMITED (REGISTERED NUMBER: 09790745)

ABBREVIATED BALANCE SHEET
30 September 2016

Notes £    £   
FIXED ASSETS
Investment property 2 4,236,798

CURRENT ASSETS
Debtors 2,600
Cash at bank 36,861
39,461
CREDITORS
Amounts falling due within one year 2,097,967
NET CURRENT LIABILITIES (2,058,506 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,178,292

CREDITORS
Amounts falling due after more than one year 3 2,152,500
NET ASSETS 25,792

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 25,692
SHAREHOLDERS' FUNDS 25,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
READING REAL ESTATE (UK) LIMITED (REGISTERED NUMBER: 09790745)

ABBREVIATED BALANCE SHEET - continued
30 September 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13 June 2017 and were signed on its behalf by:




J Almutawa - Director



M Almutawa - Director


The notes form part of these abbreviated accounts

Page 3
READING REAL ESTATE (UK) LIMITED (REGISTERED NUMBER: 09790745)

NOTES TO THE ABBREVIATED ACCOUNTS
for the period 23 September 2015 to 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced rental income, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market
value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.

2. INVESTMENT PROPERTY
Total
£   
COST
Additions 4,236,798
At 30 September 2016 4,236,798
NET BOOK VALUE
At 30 September 2016 4,236,798

3. CREDITORS

Creditors include an amount of £ 2,152,500 for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 1 100

Page 4