R B C Exports Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01557036 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

R B C EXPORTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

G Boccardo

Y P Boccardo

G A A E Boccardo

SECRETARY:

Y P Boccardo

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

01557036 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Tangible assets

2

800,000

800,000

Investments

3

10,000

10,000

810,000

810,000

CURRENT ASSETS

Debtors

37,790

16,391

CREDITORS

Amounts falling due within one year

8,876

8,327

NET CURRENT ASSETS

28,914

8,064

TOTAL ASSETS LESS CURRENT LIABILITIES

838,914

818,064

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Revaluation reserve

694,655

694,655

Profit and loss account

134,259

113,409

SHAREHOLDERS' FUNDS

838,914

818,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 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 Board of Directors on 11 July 2014 and were signed on its behalf by:

G Boccardo - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

The company is exempt from the requirements to prepare group accounts by virtue of Companies Act 2006.

These accounts therefore represent information about the company as an individual undertaking and not about

the group.

Turnover

Turnover represents rental income receivable.

Investment properties

All investment properties are revalued annually. Any surplus or deficit on revaluation is transferred to the

investment revaluation reserve, except that deficits below original cost, which are expected to be permanent, are

charged to the profit and loss account.

In accordance with Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of the

freehold investment property. This is a departure from the Companies Act 2006, which requires all properties to

be depreciated. Such properties are not held for consumption, but for investment, and the directors consider that

to depreciate them would not give a true and fair view. The directors consider that this policy results in the

accounts giving a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2012

and 31 October 2013

800,000

NET BOOK VALUE

At 31 October 2013

800,000

At 31 October 2012

800,000

The tangible fixed assets include Land and Buildings held for investment purpose. In 2011, the property was

revalued on an open market basis by the directors.

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2012

and 31 October 2013

10,000

NET BOOK VALUE

At 31 October 2013

10,000

At 31 October 2012

10,000

The company's investments at the balance sheet date in the share capital of companies include the following:

Autopost Limited

Nature of business: Wholesale of motor vehicle components

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

593,766

589,323

Profit for the year

58,463

42,843

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

9,997

Ordinary 'A'

£1

9,997

9,997

3

Ordinary 'B'

£1

3

3

10,000

10,000

5.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with a wholly owned subsidiary within the group.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

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

financial statements of R B C Exports Limited for the year ended 31 October 2013 which comprise the Profit and Loss

Account, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of R B C Exports Limited, 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 R B C Exports

Limited and state those matters that we have agreed to state to the Board of Directors of R B C Exports Limited, as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 R B C Exports Limited 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 R B C Exports

Limited. You consider that R B C Exports Limited 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 R B C Exports Limited. 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.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

14 July 2014