Raygreen Development Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 00885714 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Raygreen Development Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms J L Joels

Prof N Joels

Mrs M D Joels

SECRETARY:

Mrs M D Joels

REGISTERED OFFICE:

10/14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

00885714 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Tangible assets

2

2,246

1,171

CURRENT ASSETS

Stocks

1,367,744

1,399,344

Debtors

33,365

29,360

Cash at bank

437,447

373,648

1,838,556

1,802,352

CREDITORS

Amounts falling due within one year

168,159

191,365

NET CURRENT ASSETS

1,670,397

1,610,987

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,672,643

1,612,158

CAPITAL AND RESERVES

Called up share capital

3

1,000

Other reserves

3,425

Profit and loss account

1,668,218

1,607,733

SHAREHOLDERS' FUNDS

1,672,643

1,612,158

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 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 15 November 2016 and were signed on its behalf
by:

Prof N Joels - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

21,577

Additions

1,580

At 31 March 2016

23,157

DEPRECIATION

At 1 April 2015

20,406

Charge for year

505

At 31 March 2016

20,911

NET BOOK VALUE

At 31 March 2016

2,246

At 31 March 2015

1,171

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

994

Ordinary Non Voting Shares

£1

994

6

Ordinary Voting Shares

£1

6

1,000