Rasco Developments Limited - Period Ending 2019-07-31

Registration number: 4843709

Rasco Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2019

Ian C Rooker
Accountant
6 Sandringham Gardens
Bournemouth
Dorset
BH9 3QW

Rasco Developments Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	1

Rasco Developments Limited

(Registration number: 4843709)
Balance Sheet as at 31 July 2019

	2019 £	2018 £
Fixed assets	2,633,507	1,392,223
Current assets	102,795	33,950
Creditors: Amounts falling due within one year	(241,586)	(155,339)
Net current liabilities	(138,791)	(121,389)
Total assets less current liabilities	2,494,716	1,270,834
Creditors: Amounts falling due after more than one year	(2,101,874)	(1,034,259)
Accruals and deferred income	(40,245)	(6,270)
	352,597	230,305
Capital and reserves	352,597	230,305

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Sandringham Gardens
Bournemouth
Dorset
BH9 3QW
England

These financial statements were authorised for issue by the Board on 23 August 2019.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

Transactions with directors

2019	At 1 August 2018 £	Advances to directors £	Repayments by director £	At 31 July 2019 £
Mr RA Suggett
Loan secured on company investment	(938,259)	13,669	(1,181,284)	(2,105,874)
Loan repayable on demand. Interest free	(120,000)	80,000	(160,000)	(200,000)
	(1,058,259)	93,669	(1,341,284)	(2,305,874)

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Rasco Developments Limited

(Registration number: 4843709)
Balance Sheet as at 31 July 2019

2018	At 1 August 2017 £	Advances to directors £	Repayments by director £	At 31 July 2018 £
Mr RA Suggett
Loan secured on company investment	(1,071,283)	-	133,024	(938,259)
Loan repayable on demand. Interest free	(106,976)	120,000	(133,024)	(120,000)
	(1,178,259)	120,000	-	(1,058,259)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2019 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 23 August 2019 and signed on its behalf by:
 

.........................................

Mr RA Suggett

Director

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