Abbreviated Company Accounts - RISING ENTERPRISES LIMITED

RISING ENTERPRISES LIMITED - Company Information

Registered Number 08443120

RISING ENTERPRISES LIMITED

Abbreviated Accounts

31 March 2015

RISING ENTERPRISES LIMITED Registered Number 08443120

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	529	794
Investments	3	401,221	281,002
		401,750	281,796
Current assets
Debtors		527	10,936
Cash at bank and in hand		11	562
		538	11,498
Creditors: amounts falling due within one year		(460,093)	(304,880)
Net current assets (liabilities)		(459,555)	(293,382)
Total assets less current liabilities		(57,805)	(11,586)
Total net assets (liabilities)		(57,805)	(11,586)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(58,805)	(12,586)
Shareholders' funds		(57,805)	(11,586)

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2015

And signed on their behalf by:
Zoe Adams, Director

RISING ENTERPRISES LIMITED Registered Number 08443120

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Other accounting policies
The future trading of the company and the going concern basis on which the financial statements are prepared depend on the continuing support of the director and company's bankers. The director therefore considers it appropriate to prepare the financial statements on the going concern basis. The accounts do not include any adjustments that would result from a withdrawl of the support referred to above.

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,059
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,059
Depreciation
At 1 April 2014	265
Charge for the year	265
On disposals	-
At 31 March 2015	530
Net book values
At 31 March 2015	529
At 31 March 2014	794

Fixtures fittings and equipment - 25% straight line

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.