RATHEN LIMITED

RATHEN LIMITED

RATHEN LIMITED - Company Information

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RATHEN LIMITED

Company Registration Number:
NI026877 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

RATHEN LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

RATHEN LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,717,636 1,753,054
Investments: 4 10,000 10,000
Total fixed assets: 1,727,636 1,763,054
Current assets
Stocks: 468,256 487,021
Debtors:   220,585 185,113
Cash at bank and in hand: 311,621 169,913
Investments:   52,208 63,121
Total current assets: 1,052,670 905,168
Creditors: amounts falling due within one year:   (1,718,452) (1,762,006)
Net current assets (liabilities): (665,782) (856,838)
Total assets less current liabilities: 1,061,854 906,216
Creditors: amounts falling due after more than one year:   (8,294) (17,342)
Provision for liabilities: (41,921) (133,471)
Total net assets (liabilities): 1,011,639 755,403
Capital and reserves
Called up share capital: 90,002 90,002
Revaluation reserve:5815,454815,454
Profit and loss account: 106,183 (150,053)
Shareholders funds: 1,011,639 755,403

The notes form part of these financial statements

RATHEN LIMITED

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2019
and signed on behalf of the board by:

Name: Mr K Hunter
Status: Director

The notes form part of these financial statements

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Employees

2019 2018
Average number of employees during the period 44 54

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Tangible Assets

Total
Cost £
At 01 July 2018 2,732,925
Additions 31,626
At 30 June 2019 2,764,551
Depreciation
At 01 July 2018 979,871
Charge for year 67,044
At 30 June 2019 1,046,915
Net book value
At 30 June 2019 1,717,636
At 30 June 2018 1,753,054

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

4. Fixed investments

Other investments cost at 1 July 2018 and 30 June 2019 £10,000

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

5. Revaluation reserve

2019
£
Balance at 01 July 2018 815,454
Surplus or deficit after revaluation 0
Balance at 30 June 2019 815,454

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

6. Loans to directors

During the year the company advanced loans to Mr K Hunter totalling £18,516 (2018: £892). At the year end, the balance due from the director was £22,186 (2018: £3,671)

RATHEN LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

7. Related party transactions

The company was under the control of Mr Hunter throughout the current period and previous year. Mr Hunter is the managing director and majority shareholder.During the year the company received loans of £750 (2018: advanced payments of £296) from Rosville Limited and advanced payments of £5,052 (2018: £25,709) to RSL Limited.At the year end the balance owed from Rosville Limited was £89,288 (2018: £90,038); owed from RSL Limited £54,849 (2018: £49,797) and owed from Studio 9 Limited £21,120 (2018: £21,120).