RAS Investments Ltd - Abbreviated accounts 16.3

RAS Investments Ltd - Abbreviated accounts 16.3

RAS INVESTMENTS LTD - Company Information

Print Friendly Version

07919833 6.4.15 5.4.16 5.4.16 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079198332015-04-05079198332016-04-05079198332015-04-062016-04-05079198332014-04-05079198332014-04-062015-04-05079198332015-04-0507919833ns12:England2015-04-062016-04-0507919833ns14:PoundSterling2015-04-062016-04-0507919833ns7:Director12015-04-062016-04-0507919833ns7:OrdinaryShareClass12015-04-062016-04-0507919833ns7:RegisteredOffice2015-04-062016-04-0507919833ns7:EntityAccountantsOrAuditors2015-04-062016-04-0507919833ns5:InvestmentProperties2016-04-0507919833ns5:InvestmentProperties2015-04-0507919833ns5:FixedAssetInvestmentsOtherThanLoans2016-04-0507919833ns5:FixedAssetInvestmentsOtherThanLoans2015-04-0507919833ns5:InvestmentProperties2015-04-0507919833ns5:InvestmentProperties2015-04-062016-04-0507919833ns7:OrdinaryShareClass12016-04-0507919833ns7:OrdinaryShareClass12015-04-05
REGISTERED NUMBER: 07919833 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

FOR

RAS INVESTMENTS LTD

RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

RAS INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2016







DIRECTOR: R A Street





REGISTERED OFFICE: 1 Paper Mews
330 High Street
Dorking
Surrey
RH4 2TU





REGISTERED NUMBER: 07919833 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
1 Paper Mews
330 High Street
Dorking
Surrey
RH4 2TU
Page 1
RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

ABBREVIATED BALANCE SHEET
5 APRIL 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 2 199,686 229,319
Investment property 3 394,000 378,000
593,686 607,319

CURRENT ASSETS
Debtors 13,578 8,483
Cash at bank 2,747 3,815
16,325 12,298
CREDITORS
Amounts falling due within one year 7,705 9,313
NET CURRENT ASSETS 8,620 2,985
TOTAL ASSETS LESS CURRENT
LIABILITIES
602,306
610,304

CREDITORS
Amounts falling due after more than one
year
504,848
551,363
NET ASSETS 97,458 58,941

CAPITAL AND RESERVES
Called up share capital 4 1 1
Revaluation reserve 31,493 15,493
Profit and loss account 65,964 43,447
SHAREHOLDERS' FUNDS 97,458 58,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 notes form part of these abbreviated accounts

Page 2 continued...
RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

ABBREVIATED BALANCE SHEET - continued
5 APRIL 2016


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 7 December 2016 and were signed by:





R A Street - Director


The notes form part of these abbreviated accounts

Page 3
RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2016

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 amounts derived from rent receivable, excluding value added tax.

Investment property
According to the Financial Reporting Standard for Smaller Entities (effective January 2015), investment
properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve and no
depreciation is provided in respect of freehold and long leasehold investment properties.

The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their estimated
useful economic lives. However, investment properties are held for investment rather than consumption; the
directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that
the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation is only one
of the many factors reflected in the annual valuation and the amount which might otherwise have been shown
cannot be separately identified or quantified.

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

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 6 April 2015 229,319
Additions 58,640
Disposals (88,273 )
At 5 April 2016 199,686
NET BOOK VALUE
At 5 April 2016 199,686
At 5 April 2015 229,319

Page 4 continued...
RAS INVESTMENTS LTD (REGISTERED NUMBER: 07919833)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 5 APRIL 2016

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 6 April 2015 378,000
Revaluations 16,000
At 5 April 2016 394,000
NET BOOK VALUE
At 5 April 2016 394,000
At 5 April 2015 378,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 5