Abbreviated Company Accounts - RANK DEVELOPMENTS LTD

RANK DEVELOPMENTS LTD - Company Information

04694698 RANK DEVELOPMENTS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 04694698 2014-04-01 2015-03-31 04694698 2015-03-31 04694698 2014-03-31 04694698 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04694698 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04694698

RANK DEVELOPMENTS LTD

Abbreviated Accounts

31 March 2015

RANK DEVELOPMENTS LTD Registered Number 04694698

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		300,000	410,266
Cash at bank and in hand		2,156	13,037
		302,156	423,303
Creditors: amounts falling due within one year		(112,306)	(974,909)
Net current assets (liabilities)		189,850	(551,606)
Total assets less current liabilities		189,850	(551,606)
Creditors: amounts falling due after more than one year		(711,812)	-
Total net assets (liabilities)		(521,962)	(551,606)
Capital and reserves
Called up share capital	2	3	3
Profit and loss account		(521,965)	(551,609)
Shareholders' funds		(521,962)	(551,606)

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 26 October 2015

And signed on their behalf by:
Mr S Byles, Director

RANK DEVELOPMENTS LTD Registered Number 04694698

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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost of valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Fixtures and fittings 3 years straight line
Equipment 3 years straight line

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis based upon the continued support of the directors and investors.

Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
3 Ordinary shares of £1 each	3	3