Rand Developments Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04327490 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

RAND DEVELOPMENTS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

260,532

270,957

CURRENT ASSETS

Cash at bank

15,099

14,695

CREDITORS

Amounts falling due within one year

3

114,465

107,585

NET CURRENT LIABILITIES

(99,366

)

(92,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,166

178,067

CREDITORS

Amounts falling due after more than one year

3

(124,458

)

(156,780

)

PROVISIONS FOR LIABILITIES

(3,388

)

(3,579

)

NET ASSETS

33,320

17,708

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

33,318

17,706

SHAREHOLDERS' FUNDS

33,320

17,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 September 2014 and were signed by:

D J Lea - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

At the balance sheet date there were net current liabilities of £99,366. Included in creditors due within one year

is a director's loan account of £49,774. The director has agreed to continue to support the company as required to

enable the company to continue trading. The director is of the opinion that the company is a going concern and

the financial statements have been prepared on this basis.

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.

Freehold property

-

4% on cost

Freehold land

-

not provided

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

385,632

DEPRECIATION

At 1 April 2013

114,675

Charge for year

10,425

At 31 March 2014

125,100

NET BOOK VALUE

At 31 March 2014

260,532

At 31 March 2013

270,957

3.

CREDITORS

Creditors include an amount of £ 156,233 (2013 - £ 188,009 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

-

31,865

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2