Ritchie Realisation Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC085698 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Ritchie Realisation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G F Ritchie

SECRETARY:

Connons Of Stonehaven

REGISTERED OFFICE:

50 Allardice Street

Stonehaven

Kincardineshire

AB39 2RA

REGISTERED NUMBER:

SC085698 (Scotland)

ACCOUNTANTS:

Findlay Brown Ltd

Chartered Certified Accountants

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Tangible assets

2

3,535

1,465

Investment property

3

1,032,638

1,036,173

1,034,103

CURRENT ASSETS

Debtors

7,325

30,364

Cash at bank

2,564

10,022

9,889

40,386

CREDITORS

Amounts falling due within one year

4

241,207

282,864

NET CURRENT LIABILITIES

(231,318

)

(242,478

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

804,855

791,625

CAPITAL AND RESERVES

Called up share capital

5

50,000

Revaluation reserve

512,577

Profit and loss account

242,278

229,048

SHAREHOLDERS' FUNDS

804,855

791,625

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 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 25 October 2016 and were signed by:

G F Ritchie - 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), except for the revaluation of investment properties which have been valued at open market value. In

accordance with SSAP 19 no depreciation is provided on investment properties, this represents a departure from

the Companies Act 2006 but in the opinion of the directors reflects a more true and fair view.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment Property Equipment

-

straight line over 2 years

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Leasing commitments

Rental costs under operating leases are charged to the profit and loss account in equal annual amounts over the

periods of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

24,848

Additions

3,694

At 31 March 2016

28,542

DEPRECIATION

At 1 April 2015

23,383

Charge for year

1,624

At 31 March 2016

25,007

NET BOOK VALUE

At 31 March 2016

3,535

At 31 March 2015

1,465

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

1,032,638

NET BOOK VALUE

At 31 March 2016

1,032,638

At 31 March 2015

1,032,638

4.

CREDITORS

Creditors include an amount of £ 0 (31.3.15 - £ 3,008 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

50,000

Ordinary

£1

50,000