RASKO Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08675016 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 3 September 2013 to 30 September 2014

for

RASKO Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr O P Sharma

REGISTERED OFFICE:

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

08675016 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Investment property

2

193,199

CURRENT ASSETS

Debtors

1,419

Cash at bank

1,247

2,666

CREDITORS

Amounts falling due within one year

106,092

NET CURRENT LIABILITIES

(103,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,773

CREDITORS

Amounts falling due after more than one year

3

94,631

NET LIABILITIES

(4,858

)

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

(4,868

)

SHAREHOLDERS' FUNDS

(4,858

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 June 2015 and were signed by:

Dr O P Sharma - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has net current liabilities of £103,426 and net liabilities of £4,858. The financial

statements have been prepared on a going concern basis due to the ongoing support of the

director who will provide sufficient working capital to meet the short and long term cash flow needs

of the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents revenue recognised by the company in respect of services supplied during the

period. The company is not VAT registered.

Investment property

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

from changes in market value is transferred to a revaluation reserve.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

193,199

At 30 September 2014

193,199

NET BOOK VALUE

At 30 September 2014

193,199

3.

CREDITORS

Creditors include an amount of £ 94,631 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable otherwise than by instalments

94,631

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

1

10

10 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.