RAS Investments Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07919833 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

FOR

RAS INVESTMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Street

REGISTERED OFFICE:

1 Paper Mews

330 High Street

Dorking

Surrey

RH4 2TU

REGISTERED NUMBER:

07919833 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

1 Paper Mews

330 High Street

Dorking

Surrey

RH4 2TU

FIXED ASSETS

Investments

2

229,319

138,125

Investment property

3

378,000

249,123

607,319

387,248

CURRENT ASSETS

Debtors

8,483

3,368

Cash at bank

3,815

3,745

12,298

7,113

CREDITORS

Amounts falling due within one year

9,313

4,335

NET CURRENT ASSETS

2,985

2,778

TOTAL ASSETS LESS CURRENT
LIABILITIES

610,304

390,026

CREDITORS

Amounts falling due after more than one
year

551,363

377,290

NET ASSETS

58,941

12,736

CAPITAL AND RESERVES

Called up share capital

4

1

Revaluation reserve

15,493

-

Profit and loss account

43,447

12,735

SHAREHOLDERS' FUNDS

58,941

12,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 19 November 2015 and were signed by:

R A Street - 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).

Turnover

Turnover represents amounts derived from rent receivable, excluding value added tax.

Investment property

According to the Financial Reporting Standard for Smaller Entities (effective April 2008), investment properties

are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve and no

depreciation is provided in respect of freehold and long leasehold investment properties.

The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their estimated

useful economic lives. However, investment properties are held for investment rather than consumption; the

directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that

the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation is only one

of the many factors reflected in the annual valuation and the amount which might otherwise have been shown

cannot be separately identified or quantified.

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 6 April 2014

138,125

Additions

137,957

Disposals

(46,763

)

At 5 April 2015

229,319

NET BOOK VALUE

At 5 April 2015

229,319

At 5 April 2014

138,125

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 6 April 2014

249,123

Additions

113,384

Revaluations

15,493

At 5 April 2015

378,000

NET BOOK VALUE

At 5 April 2015

378,000

At 5 April 2014

249,123

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

RAS Investments Ltd - Limited company - abbreviated - 11.9

RAS Investments Ltd - Limited company - abbreviated - 11.9