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Ricom Productions

Notes To The Financial Statements for the Year Ended 30 September 2006

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2. 2. Tangible Fixed Assets

   

   The net book value of Land and Buildings comprises freehold land and buildings of £250,000 (2005 - £175,314). This includes freehold land with an estimated value of £10,000 (2005 £10,000) which is not depreciated.

   The land and buildings were revalued in July 2006 to £250,000 by Dixon Webb, Chartered Surveyors. The historical cost of the land and buildings at 1 October 2005 and 30 September 2006 was £241,409.

3. Share Capital
   The charity is incorporated as a company limited by guarantee having no share capital. In accordance with the Memorandum of Association each of the 5 members are liable to contribute £10 in the event of the company being wound up.