Ronsons Limited - Abbreviated accounts 16.1
Ronsons Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2015 |
| for |
| RONSONS LIMITED |
| RONSONS LIMITED (REGISTERED NUMBER: 00326354) |
| Contents of the Abbreviated Accounts |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| RONSONS LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| RONSONS LIMITED (REGISTERED NUMBER: 00326354) |
| Abbreviated Balance Sheet |
| 31 DECEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| RONSONS LIMITED (REGISTERED NUMBER: 00326354) |
| Notes to the Abbreviated Accounts |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 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 January |
| 2015). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| The directors have incorporated the market value of the investment property in accordance with SSAP 19. No |
| depreciation is provided on the long leasehold property. The property is maintained to ensure that its residual |
| value does not diminish over time, with the maintenance costs being charged to profit and loss account in the |
| period incurred. |
| Investment properties are revalued annually by the directors or professional advisers in accordance with SSAP 19 |
| and the aggregate surplus or deficit is transferred to the investment revaluation reserve. The directors have |
| performed an impairment review in relation to the company's property and consider that no depreciation is |
| necessary as no impairment has occurred. The absence of depreciation is not in accordance with FRS No.15 |
| 'Tangible Fixed Assets'. |
| 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 OR VALUATION |
| At 1 January 2015 |
| and 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Preference 5% Non cumulative | £1 |
| Ordinary A | £1 |
| Ordinary B - K | £1 |
| 28,565 | 28,565 |
| RONSONS LIMITED (REGISTERED NUMBER: 00326354) |
| Notes to the Abbreviated Accounts - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 3. | CALLED UP SHARE CAPITAL - continued |
| The B - K ordinary shares carry no voting rights, no rights in winding up and an entitlement to receive variable |
| dividends at the discretion of the directors. |
| 4. | RELATED PARTY DISCLOSURES |
| D M Ronson and Mrs P M Ronson are directors of Ronsons Developments Limited. |
| As at 31 December 2015 the company was owed £301,013 (2014 - £307,731) from Ronsons Developments |
| Limited. |
| Jon Ronson is a director of Jon Ronson Limited. |
| As at 31 December 2015 the company was owed £308,000 (2014 - £268,000) from Jon Ronson Limited. |
| Daniel Ronson is a director of Starjump Food Products Limited. |
| As at 31 December 2015 the company was owed £50,000 from Starjump Food Products Limited. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Ronsons Limited |
| 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 Ronsons Limited for the year ended 31 December 2015 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 Ronsons 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 Ronsons Limited and state those matters that we have agreed to state to the Board of Directors of Ronsons 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 Ronsons 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 Ronsons Limited. You consider that Ronsons 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 Ronsons 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. |
| 7 September 2016 |