Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueRaygold Enterprises Limited034362212014-09-3084848893858489931001008584899385848993-4524-41154524411513108131081310813108Basis of accounting
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).
Investment properties
Investment properties are valued at their open market value at the balance sheet date. Any surplus
on revaluation is transferred to the investment property revaluation reserve. Any deficit is
deducted from the investment property revaluation reserve, except for permanent diminutions in
value, which are charged to the profit and loss account.
No amortisation or depreciation is provided in respect of freehold investment properties and
leasehold investment properties with over 20 years to expiry, in accordance with Statement of
Standard Accounting for Smaller Entities. This treatment is contrary
to the requirements of the Companies Act 2006 to provide for depreciation but is considered
necessary to ensure the financial statements give a true and fair view. Depreciation is only one of
the factors reflected at the balance sheet date valuation and the amount that might otherwise have
been shown cannot be separately identified or quantified.Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.13108131081310813108Ordinary1000110001000Ordinary11001001002015-06-05Mr N Badrudintruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRaygold Enterprises Limited2013-10-012014-09-30Raygold Enterprises Limited2012-10-012013-09-30Raygold Enterprises Limited2012-09-30Raygold Enterprises Limited2013-09-30Raygold Enterprises Limited2013-09-30Raygold Enterprises Limited2014-09-30 2015-06-09
