Rand Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04327490 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

RAND DEVELOPMENTS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

250,107

260,532

CURRENT ASSETS

Cash at bank

15,579

15,099

CREDITORS

Amounts falling due within one year

3

121,501

114,465

NET CURRENT LIABILITIES

(105,922

)

(99,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

144,185

161,166

CREDITORS

Amounts falling due after more than one year

3

(91,572

)

(124,458

)

PROVISIONS FOR LIABILITIES

(3,177

)

(3,388

)

NET ASSETS

49,436

33,320

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

49,434

33,318

SHAREHOLDERS' FUNDS

49,436

33,320

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 7 September 2015 and were signed by:

D J Lea - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

At the balance sheet date there were net current liabilities of £105,922 and net assets of £49,436. Included in

creditors due within one year is a director's loan account of £56,109. The director has agreed to continue to

support the company as required to enable the company to continue trading. The director is of the opinion that

the company is a going concern and the financial statements have been prepared on this basis.

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).

Tangible fixed assets

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

Freehold property

-

4% on cost

Freehold land

-

not provided

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

385,632

DEPRECIATION

At 1 April 2014

125,100

Charge for year

10,425

At 31 March 2015

135,525

NET BOOK VALUE

At 31 March 2015

250,107

At 31 March 2014

260,532

3.

CREDITORS

Creditors include an amount of £ 123,903 (2014 - £ 156,233 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2