Company Registration No. 08229907 (England and Wales)
RUDBY HALL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
RUDBY HALL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RUDBY HALL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
52,906
5,449
Current assets
Debtors
18,286
18,455
Cash at bank and in hand
3,962
875
22,248
19,330
Creditors: amounts falling due within one year
(208,677)
(78,148)
Net current liabilities
(186,429)
(58,818)
Total assets less current liabilities
(133,523)
(53,369)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(133,525)
(53,371)
Shareholders' funds
(133,523)
(53,369)
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 and authorised for issue on 26 June 2015
P Broome
M Johnson
Director
Director
Company Registration No. 08229907
RUDBY HALL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
The company meets its day to day working capital requirement through loans from a connected business, which has no fixed repayment terms. The directors are of the opinion that the company will be profitable in the coming year. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
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 for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings leasehold
10% straight line
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
RUDBY HALL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
7,265
Additions
60,574
At 30 September 2014
67,839
Depreciation
At 1 October 2013
1,816
Charge for the year
13,117
At 30 September 2014
14,933
Net book value
At 30 September 2014
52,906
At 30 September 2013
5,449
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2