Rayglow Securities Limited - Limited company - abbreviated

RAYGLOW SECURITIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T P Lewis

S N G Barratt

C J Newman

P K Ison

SECRETARY:

C J Newman

REGISTERED OFFICE:

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

REGISTERED NUMBER:

01305563 (England and Wales)

FIXED ASSETS

Investments

2

100

Investment properties

3

5,895,000

6,054,000

5,895,100

6,054,100

CURRENT ASSETS

Debtors

3,063,748

3,077,251

Investments

5,492

8,853

Cash at bank

988,933

782,214

4,058,173

3,868,318

CREDITORS

Amounts falling due within one year

148,809

156,294

NET CURRENT ASSETS

3,909,364

3,712,024

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,804,464

9,766,124

CAPITAL AND RESERVES

Called up share capital

4

1,353,600

Revaluation reserve

1,586,263

1,657,637

Profit and loss account

6,864,601

6,754,887

SHAREHOLDERS' FUNDS

9,804,464

9,766,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 July 2015 and were signed on its
behalf by:

T P Lewis - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements contain information about Rayglow Securities Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company is exempt under Section 248 of the Companies Act 2006 from the requirement to prepare

consolidated financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Gross rental income

Gross rental income represents rents receivable excluding value added tax.

Investment properties

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.

No depreciation is provided in respect of such properties. Although the Companies Act 2006 would

normally require the systematic annual depreciation of fixed assets it is believed that this policy of

not providing depreciation is necessary in order for the financial statements to give a true and fair

view.

The acquisition of property is recognised for account purposes on exchange of contracts but a

property sale is not included until legal completion takes place.

Taxation

The charge for taxation is based on the result for the year and takes into account deferred taxation.

Provision for deferred taxation is recognised in respect of all timing differences that have originated

but not reversed at the Balance Sheet date.

Related party disclosure

The company is a wholly owned subsidiary of Fareshape Limited and is included in the consolidated

financial statements of Fareshape Limited which are publicly available. Consequently the company is

exempt under the terms of FRS8 from disclosing related party transactions that are part of the

Fareshape Limited group or investees of the Fareshape Limited Group.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

100

NET BOOK VALUE

At 31 December 2014

100

At 31 December 2013

100

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Guideglow Limited

Country of incorporation: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

Aggregate capital and reserves

100

Crystalurban Limited

Country of incorporation: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

Aggregate capital and reserves

100

3.	INVESTMENT PROPERTIES

Total

£

COST OR VALUATION

At 1 January 2014

6,054,000

Additions

26,383

Disposals

(179,000

)

Revaluations

(6,383

)

At 31 December 2014

5,895,000

NET BOOK VALUE

At 31 December 2014

5,895,000

At 31 December 2013

6,054,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,353,600

Ordinary

£1

1,353,600

5.	ULTIMATE PARENT COMPANY

Fareshape Limited, a company incorporated in England and Wales, is the company's ultimate parent

undertaking.

No one party exercises ultimate control of the group.

6.	POST BALANCE SHEET EVENTS

The company's investment property at 75 Fore Street, Redruth, was sold at auction on 17 December

2013 for consideration of £65,000 (of which £6,000 was a forfeited deposit from a previous auction).

As legal completion did not occur until after the 2013 balance sheet date this transaction is included

within the 2014 accounts.

Rayglow Securities Limited - Limited company - abbreviated - 11.6

Rayglow Securities Limited - Limited company - abbreviated - 11.6