Raily Construction Lettings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04191893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

RAILY CONSTRUCTION LETTINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D P Smith

Mrs E Smith

SECRETARY:

Mrs E Smith

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

04191893 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Investment property

4

600,000

600,000

CURRENT ASSETS

Debtors

5

713

1,829

Cash at bank

68,909

83,001

69,622

84,830

CREDITORS

Amounts falling due within one year

6

6,438

6,661

NET CURRENT ASSETS

63,184

78,169

TOTAL ASSETS LESS CURRENT LIABILITIES

663,184

678,169

PROVISIONS FOR LIABILITIES

7

67,619

67,619

NET ASSETS

595,565

610,550

CAPITAL AND RESERVES

Called up share capital

8

2

2

Other reserves

370,971

370,971

Retained earnings

224,592

239,577

SHAREHOLDERS' FUNDS

595,565

610,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 14 January 2020 and were signed on its behalf by:

Mr D P Smith - Director

1.	STATUTORY INFORMATION

Raily Construction Lettings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net rent receivable excluding value added tax.

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 year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

and 30 April 2019

600,000

NET BOOK VALUE

At 30 April 2019

600,000

At 30 April 2018

600,000

Investment property consists of 4 flats at Westfield Road, Witney valued at £600,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Loan E K Smith

450

1,575

Prepayments

263

254

713

1,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Tax

4,226

4,168

Directors' current accounts

472

228

Deferred income

-

625

Accrued expenses

1,740

1,640

6,438

6,661

7.	PROVISIONS FOR LIABILITIES

30.4.19

30.4.18

£

£

Deferred tax

67,619

67,619

Deferred

tax

£

Balance at 1 May 2018

67,619

Balance at 30 April 2019

67,619

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

2

Ordinary

£1

2

2