Rathbone Investments Limited - Accounts to registrar (filleted) - small 18.2
Rathbone Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| FOR |
| RATHBONE INVESTMENTS LIMITED |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RATHBONE INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Solar House |
| 282 Chase Road |
| London |
| N14 6NZ |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| BALANCE SHEET |
| 30 JUNE 2018 |
| 30.6.18 | 30.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 99,806 | 95,442 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| BALANCE SHEET - continued |
| 30 JUNE 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 1. | STATUTORY INFORMATION |
| Rathbone Investments Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date |
| the rental period occurred. This is stated after trade discounts and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| The company's properties are held for long-term investment and are included in the Balance Sheet at their current |
| market values. The surplus or deficit on revaluation is transferred to the investment property revaluation reserve. |
| Depreciation is not provided on these investment properties. |
| This policy represents a departure form statutory accounting principles, which require depreciation to be |
| provided on all fixed assets. The director considers this policy is necessary in order for the accounts to give a |
| true and fair view as current values and changes in current values are of prime importance rather than the |
| calculation of systematic annual depreciation. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 1 ). |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 July 2017 |
| and 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2017 |
| and 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Fair value at 30 June 2018 is represented by: |
| £ |
| Valuation in 2015 | 33,272 |
| Valuation in 2016 | 89,125 |
| Cost | 227,603 |
| 350,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Cost | 227,603 | 227,603 |
| Investment property was valued on an open market basis on 22 October 2016 by Kent Reliance . |
| RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Amounts due from related party |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Trade creditors |
| Rent deposit |
| Directors' current accounts |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 267,769 | 267,769 |
| 9. | PROVISIONS FOR LIABILITIES |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Deferred tax | 16,493 | 18,573 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2017 |
| Provided during year | ( |
) |
| Balance at 30 June 2018 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.18 | 30.6.17 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |