Ritchie Realisation Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC085698 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Ritchie Realisation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G F Ritchie

SECRETARY:

Connons Of Stonehaven

REGISTERED OFFICE:

50 Allardice Street

Stonehaven

Kincardineshire

AB39 2RA

REGISTERED NUMBER:

SC085698 (Scotland)

ACCOUNTANTS:

Findlay Brown Ltd

Chartered Certified Accountants

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Tangible assets

2

1,465

4,750

Investment property

3

1,032,638

755,000

1,034,103

759,750

CURRENT ASSETS

Debtors

30,364

63,970

Cash at bank and in hand

10,022

51,754

40,386

115,724

CREDITORS

Amounts falling due within one year

4

282,864

68,266

NET CURRENT (LIABILITIES)/ASSETS

(242,478

)

47,458

TOTAL ASSETS LESS CURRENT LIABILITIES

791,625

807,208

CAPITAL AND RESERVES

Called up share capital

5

50,000

50,000

Revaluation reserve

512,577

512,577

Profit and loss account

229,048

244,631

SHAREHOLDERS' FUNDS

791,625

807,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 27 July 2015 and were signed by:

G F Ritchie - Director

1.	ACCOUNTING POLICIES

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), except for the revaluation of investment properties which have been valued at open market value. In

accordance with SSAP 19 no depreciation is provided on investment properties, this represents a departure from

the Companies Act 2006 but in the opinion of the directors reflects a more true and fair view.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment Property Equipment

-

straight line over 2 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Leasing commitments

Rental costs under operating leases are charged to the profit and loss account in equal annual amounts over the

periods of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

22,997

Additions

1,851

At 31 March 2015

24,848

DEPRECIATION

At 1 April 2014

18,247

Charge for year

5,136

At 31 March 2015

23,383

NET BOOK VALUE

At 31 March 2015

1,465

At 31 March 2014

4,750

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

755,000

Additions

277,638

At 31 March 2015

1,032,638

NET BOOK VALUE

At 31 March 2015

1,032,638

At 31 March 2014

755,000

4.

CREDITORS

Creditors include an amount of £ 3,008 (31.3.14 - £ 14,309 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

50,000

Ordinary

£1

50,000

50,000