Ravensgate Homes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03337185 (England and Wales)

Ravensgate Homes Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R M Collett

SECRETARY:

Mrs C J Collett

REGISTERED OFFICE:

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

REGISTERED NUMBER:

03337185 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

FIXED ASSETS

Tangible assets

2

39

541

CURRENT ASSETS

Stocks

74,813

194,854

Debtors

11,000

897

Cash at bank

94,624

1,290

180,437

197,041

CREDITORS

Amounts falling due within one year

189,404

196,612

NET CURRENT (LIABILITIES)/ASSETS

(8,967

)

429

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,928

)

970

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(8,929

)

969

SHAREHOLDERS' FUNDS

(8,928

)

970

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 16 December 2015 and were signed by:

R M Collett - 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).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

7,936

Disposals

(5,500

)

At 31 March 2015

2,436

DEPRECIATION

At 1 April 2014

7,395

Charge for year

13

Eliminated on disposal

(5,011

)

At 31 March 2015

2,397

NET BOOK VALUE

At 31 March 2015

39

At 31 March 2014

541

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan has no fixed date for payment and is interest free. The balance owed to the director at the year

end amounted to £165,717.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr R M Collett, sole shareholder and director at the Balance

Sheet date.