Company Registration No. 02552311 (England and Wales)
RYEWISE PROPERTIES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2012
RYEWISE PROPERTIES LIMITED
CONTENTS
.
.
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RYEWISE PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2012
.
- 1 -
.
2012
2011
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,402,223 
2,209,681 
Current assets
Debtors
-
 
7,000 
.
.
-
 
7,000 
Creditors: amounts falling due within one year
(440,761)
(201,411)
.
.
Net current liabilities
(440,761)
(194,411)
.
.
Total assets less current liabilities
1,961,462 
2,015,270 
Creditors: amounts falling due after more than one year
(945,000)
(969,013)
.
.
1,016,462 
1,046,257 
.
.
Capital and reserves
Called up share capital
3
Revaluation reserve
1,569,623 
1,569,623 
Profit and loss account
(553,163)
(523,368)
.
.
Shareholders' funds
1,016,462 
1,046,257 
.
.
RYEWISE PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2012
.
.
- 2 -
For the financial year ended 31 October 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 16 July 2013
R W Taylor
Director
Company Registration No. 02552311
RYEWISE PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2012
.
.
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 from rent of property.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing balance
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less then 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view.
RYEWISE PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2012
.
.
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 November 2011
2,216,376 
Additions
194,963 
.
At 31 October 2012
2,411,339 
.
Depreciation
At 1 November 2011
6,695 
Charge for the year
2,421 
.
At 31 October 2012
9,116 
.
Net book value
At 31 October 2012
2,402,223 
.
At 31 October 2011
2,209,681 
.
3
Share capital
2012
2011
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
.
.
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