Rise Investments 34 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11396442 (England and Wales)

Unaudited Financial Statements

for the Period

4th June 2018 to 31st March 2019

for

Rise Investments 34 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P N Drake

REGISTERED OFFICE:

35 Joseph Fletcher Drive

Chesterfield

Derbyshire

S42 6TZ

REGISTERED NUMBER:

11396442 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

3 Derby Road

Ripley

Derbyshire

DE5 3EA

FIXED ASSETS

Investment property

3

85,000

CURRENT ASSETS

Debtors

4

34,172

Cash at bank

553

34,725

CREDITORS

Amounts falling due within one year

5

101,331

NET CURRENT LIABILITIES

(66,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,394

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

6

32,927

Retained earnings

(14,633

)

SHAREHOLDERS' FUNDS

18,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15th December 2019 and were signed by:

P N Drake - Director

1.	STATUTORY INFORMATION

Rise Investments 34 Ltd is a private company, limited by shares , registered in England and Wales.

The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

52,073

Revaluations

32,927

At 31st March 2019

85,000

NET BOOK VALUE

At 31st March 2019

85,000

Fair value at 31st March 2019 is represented by:

£

Valuation in 2019

32,926

Cost

52,074

85,000

If investment property had not been revalued it would have been included at the following historical

cost:

£

Cost

52,074

Investment property was valued on an open market basis on 31st March 2019 by the director .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

34,172

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

56,250

Other creditors

45,081

101,331

6.

RESERVES

Revaluation

reserve

£

Valuation in year

32,927

At 31st March 2019

32,927