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Registration number: 08532094

Richardson Property Lawyers Ltd
 

 
and Unaudited Abbreviated Accounts
 

 
for the Year Ended 31 October 2015
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Richardson Property Lawyers Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Richardson Property Lawyers Ltd
(Registration number: 08532094)
Abbreviated Balance Sheet at 31 October 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

11,297

   

2,920

 

Current assets

 

             

Debtors

 

   

-

   

304

 

Cash at bank and in hand

 

   

84,199

   

63,463

 
   

   

84,199

   

63,767

 

Creditors: Amounts falling due within one year

 

   

(28,515)

   

(25,470)

 

Net current assets

 

   

55,684

   

38,297

 

Net assets

 

   

66,981

   

41,217

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

66,881

   

41,117

 

Shareholders' funds

 

   

66,981

   

41,217

 

For the year ending 31 October 2015 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 director acknowledges her 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 director on 3 March 2016

.........................................
Miss Vanessa Catherine Richardson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Richardson Property Lawyers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

15% Reducing Balance

Office Equipment

33% On Cost

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Richardson Property Lawyers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 November 2014

 

3,614

   

3,614

 

Additions

 

13,990

   

13,990

 

At 31 October 2015

 

17,604

   

17,604

 

Depreciation

           

At 1 November 2014

 

694

   

694

 

Charge for the year

 

5,613

   

5,613

 

At 31 October 2015

 

6,307

   

6,307

 

Net book value

           

At 31 October 2015

 

11,297

   

11,297

 

At 31 October 2014

 

2,920

   

2,920

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100