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

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

RATHBONE INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 08556999 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

RATHBONE INVESTMENTS LIMITED
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATHBONE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTOR: Mr C R Patel





REGISTERED OFFICE: 28 Rathbone Place
London
W1T 1JT





REGISTERED NUMBER: 08556999 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

BALANCE SHEET
30 JUNE 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,351 1,802
Investment property 5 350,000 350,000
351,351 351,802

CURRENT ASSETS
Debtors 6 30,000 30,000
Cash at bank and in hand 9,233 7,332
39,233 37,332
CREDITORS
Amounts falling due within one year 7 5,734 4,966
NET CURRENT ASSETS 33,499 32,366
TOTAL ASSETS LESS CURRENT
LIABILITIES
384,850
384,168

CREDITORS
Amounts falling due after more than one
year
8
(266,819
)
(267,769
)

PROVISIONS FOR LIABILITIES 9 (16,493 ) (16,493 )
NET ASSETS 101,538 99,906

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 101,438 99,806
SHAREHOLDERS' FUNDS 101,538 99,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 notes form part of these financial statements

Page 2 continued...
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

BALANCE SHEET - continued
30 JUNE 2019


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 5 March 2020 and were signed by:





Mr C R Patel - Director


The notes form part of these financial statements

Page 3
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019


1. STATUTORY INFORMATION

Rathbone Investments 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 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.

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.

Page 4 continued...
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2018
and 30 June 2019 4,270
DEPRECIATION
At 1 July 2018 2,468
Charge for year 451
At 30 June 2019 2,919
NET BOOK VALUE
At 30 June 2019 1,351
At 30 June 2018 1,802

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2018
and 30 June 2019 350,000
NET BOOK VALUE
At 30 June 2019 350,000
At 30 June 2018 350,000

Fair value at 30 June 2019 is represented by:

£   
Valuation in 2015 33,272
Valuation in 2016 89,125
Cost 227,603
350,000

Page 5 continued...
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


5. INVESTMENT PROPERTY - continued

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

30.6.19 30.6.18
£    £   
Cost 227,603 227,603

Investment property was valued on an open market basis on 22 October 2016 by Kent Reliance .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Amounts due from related party 30,000 30,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade creditors 299 301
Rent deposit 2,423 2,423
Directors' current accounts 2,712 1,942
Accrued expenses 300 300
5,734 4,966

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.19 30.6.18
£    £   
Bank loans more 5 yr by instal 266,819 267,769

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 266,819 267,769

9. PROVISIONS FOR LIABILITIES
30.6.19 30.6.18
£    £   
Deferred tax 16,493 16,493

Deferred
tax
£   
Balance at 1 July 2018 16,493
Balance at 30 June 2019 16,493

Page 6 continued...
RATHBONE INVESTMENTS LIMITED (REGISTERED NUMBER: 08556999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.19 30.6.18
value: £    £   
100 Ordinary 1 100 100

Page 7