RCR Industrial Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC520281 (Scotland)

Abbreviated Unaudited Accounts

for the Period 13 November 2015 to 30 November 2016

for

RCR Industrial Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr Philip James Alexander Robson

Mr Charles Peter Robson

REGISTERED OFFICE:

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

REGISTERED NUMBER:

SC520281 (Scotland)

ACCOUNTANTS:

Douglas Home & Co Ltd

Chartered Accountants

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Investment property

2

176,700

CURRENT ASSETS

Cash at bank

39,449

CREDITORS

Amounts falling due within one year

102,619

NET CURRENT LIABILITIES

(63,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,530

CREDITORS

Amounts falling due after more than one year

130,476

NET LIABILITIES

(16,946

)

CAPITAL AND RESERVES

Called up share capital

3

90

Profit and loss account

(17,036

)

SHAREHOLDERS' FUNDS

(16,946

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 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 10 August 2017 and were signed on its behalf by:

Mr Charles Peter Robson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At 31 October 2016, the company had net liabilities. The company is reliant on the support of the directors and

shareholders. It is the intention of the directors and shareholders to support the company and therefore these

accounts have been prepared on a going concern basis.

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 sales of goods, 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.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

176,700

At 30 November 2016

176,700

NET BOOK VALUE

At 30 November 2016

176,700

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

90

Ordinary

1

90

90 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.