Rathbone Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09383168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

RATHBONE VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C R Patel

REGISTERED OFFICE:

28 Rathbone Place

London

W1T 1JT

REGISTERED NUMBER:

09383168 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

4

902,947

853,696

Debtors

5

20,000

-

Cash at bank

29,508

37,780

952,455

891,476

CREDITORS

Amounts falling due within one year

6

953,084

890,978

NET CURRENT (LIABILITIES)/ASSETS

(629

)

498

TOTAL ASSETS LESS CURRENT LIABILITIES

(629

)

498

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(729

)

398

SHAREHOLDERS' FUNDS

(629

)

498

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 24 December 2019 and were signed by:

Mr C R Patel - Director

1.	STATUTORY INFORMATION

Rathbone Ventures Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and

sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour

and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling

price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.

STOCKS

31.3.19

31.3.18

£

£

Stock and work-in-progress

902,947

853,696

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

20,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

176,158

170,359

Trade creditors

-

300

Tax

-

93

Amounts due to related party

30,000

30,000

Directors' current accounts

746,626

689,926

Accrued expenses

300

300

953,084

890,978

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

1

100

100