Ramsey Portia Ltd - Accounts to registrar - small 16.1

REGISTERED NUMBER: 08468470 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

RAMSEY PORTIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

Mr M Evans

Mr I Grant

SECRETARY:

REGISTERED OFFICE:

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

REGISTERED NUMBER:

08468470 (England and Wales)

ACCOUNTANTS:

Stephen Farra Associates Limited

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

FIXED ASSETS

Tangible assets

3

2,245

1,779

CURRENT ASSETS

Debtors: amounts falling due within one year

4

4,385

447

Cash at bank

31,315

17,072

35,700

17,519

CREDITORS

Amounts falling due within one year

5

34,913

18,108

NET CURRENT ASSETS/(LIABILITIES)

787

(589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,032

1,190

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,932

1,090

SHAREHOLDERS' FUNDS

3,032

1,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 April 2016 and were signed on its behalf by:

Mr M Evans - Director

1.	STATUTORY INFORMATION

Ramsey Portia Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2015

2,502

Additions

1,215

At 31 March 2016

3,717

DEPRECIATION

At 1 April 2015

723

Charge for year

749

At 31 March 2016

1,472

NET BOOK VALUE

At 31 March 2016

2,245

At 31 March 2015

1,779

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

4,050

-

Other debtors

335

447

4,385

447

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

930

Taxation and social security

15,195

6,921

Other creditors

19,718

10,257

34,913

18,108

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Evans.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ramsey Portia Ltd for the year ended 31 March 2016 which comprise the Income statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ramsey Portia Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ramsey Portia Ltd and state those matters that we have agreed to state to the Board of Directors of Ramsey Portia Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ramsey Portia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ramsey Portia Ltd. You consider that Ramsey Portia Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ramsey Portia Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stephen Farra Associates Limited

98 Hornchurch Road

Hornchurch

Essex

RM11 1JS

18 April 2016