Redmane Development Group Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05539199 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

REDMANE DEVELOPMENT GROUP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

K Speake

T P Austin

SECRETARY:

T P Austin

REGISTERED OFFICE:

Briarwood

The Barns

Church Aston

Newport

Shropshire

TF10 9JJ

REGISTERED NUMBER:

05539199 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

CURRENT ASSETS

Debtors

298

158

Cash at bank and in hand

238

238

536

396

CREDITORS

Amounts falling due within one year

3

408,507

393,949

NET CURRENT LIABILITIES

(407,971

)

(393,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(407,971

)

(393,553

)

CREDITORS

Amounts falling due after more than one year

1,024,324

1,030,324

NET LIABILITIES

(1,432,295

)

(1,423,877

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(1,432,395

)

(1,423,977

)

SHAREHOLDERS' FUNDS

(1,432,295

)

(1,423,877

)

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 20 August 2015 and were signed on its behalf by:

T P Austin - Director

1.	ACCOUNTING POLICIES

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. At the balance sheet date the company

had net liabilities of £1,432,295. The company relies on the continued support of the directors, the bank and

external investors who have renegotiated the terms of their loans in order that the company can continue trading.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

5,108

DEPRECIATION

At 1 January 2014

and 31 December 2014

5,108

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.

CREDITORS

Creditors include an amount of £ 183,688 (31.12.13 - £ 176,147 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.12.14

31.12.13

£

£

Repayable otherwise than by instalments

511,640

511,640

Repayable by instalments

482,684

488,684

994,324

1,000,324

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Redmane Development Group Ltd for the year ended 31 December 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Redmane Development Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Redmane Development Group Ltd and state those matters that we have agreed to state to the Board of Directors of Redmane Development Group Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redmane Development Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Redmane Development Group Ltd. You consider that Redmane Development Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Redmane Development

Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

24 August 2015