Rise Investments 34 Ltd - Accounts to registrar (filleted) - small 18.2
Rise Investments 34 Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1st April 2019 to 30th March 2020 |
| for |
| Rise Investments 34 Ltd |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Contents of the Financial Statements |
| for the Period 1st April 2019 to 30th March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Rise Investments 34 Ltd |
| Company Information |
| for the Period 1st April 2019 to 30th March 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Derby Road |
| Ripley |
| Derbyshire |
| DE5 3EA |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Balance Sheet |
| 30th March 2020 |
| 30.3.20 | 31.3.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Balance Sheet - continued |
| 30th March 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Notes to the Financial Statements |
| for the Period 1st April 2019 to 30th March 2020 |
| 1. | STATUTORY INFORMATION |
| Rise Investments 34 Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was NIL (2019 - NIL). |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Notes to the Financial Statements - continued |
| for the Period 1st April 2019 to 30th March 2020 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2019 |
| Additions |
| Revaluations | (7,500 | ) |
| At 30th March 2020 |
| NET BOOK VALUE |
| At 30th March 2020 |
| At 31st March 2019 |
| Fair value at 30th March 2020 is represented by: |
| £ |
| Valuation in 2019 | 32,927 |
| Valuation in 2020 | (7,500 | ) |
| Cost | 186,867 |
| 212,294 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 30.3.20 | 31.3.19 |
| £ | £ |
| Cost | 186,867 | 52,074 |
| Investment property was valued on an open market basis on 30th March 2020 by the director . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.20 | 31.3.19 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.20 | 31.3.19 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| Rise Investments 34 Ltd (Registered number: 11396442) |
| Notes to the Financial Statements - continued |
| for the Period 1st April 2019 to 30th March 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.20 | 31.3.19 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans | 116,799 | - |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.3.20 | 31.3.19 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the investment property. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st April 2019 |
| Valuation in year | (7,500 | ) |
| At 30th March 2020 |