Abbreviated Company Accounts - R A K PROPERTY LIMITED

R A K PROPERTY LIMITED - Company Information

05377050 R A K PROPERTY LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05377050 2014-09-01 2015-08-31 05377050 2015-08-31 05377050 2014-08-31 05377050 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05377050 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05377050

R A K PROPERTY LIMITED

Abbreviated Accounts

31 August 2015

R A K PROPERTY LIMITED Registered Number 05377050

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		265,483	265,483
Debtors		120,684	121,084
Cash at bank and in hand		100	100
		386,267	386,667
Creditors: amounts falling due within one year		(506,591)	(539,680)
Net current assets (liabilities)		(120,324)	(153,013)
Total assets less current liabilities		(120,324)	(153,013)
Total net assets (liabilities)		(120,324)	(153,013)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(120,424)	(153,113)
Shareholders' funds		(120,324)	(153,013)

For the year ending 31 August 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 18 May 2016

And signed on their behalf by:
D R Kitchener, Director

R A K PROPERTY LIMITED Registered Number 05377050

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

1Accounting Policies

Other accounting policies
Going Concern:
As at 31st August 2015, the company had net liabilities o £120,324. The company is reliant on the support of its related party creditors. It is the intention of these creditors to support the company and therefore these accounts have been prepared on a going concern basis.

Stocks and work in progress:
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Controlling Party:
The controlling party of the company is D R Kitchener, the director.

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100