Rahon Property Development Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01897065 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Rahon Property Development Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Matharu

Mrs S K Matharu

SECRETARY:

M S Matharu

REGISTERED OFFICE:

10 Fearnville Mount

Leeds

LS8 3DW

REGISTERED NUMBER:

01897065 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Tangible assets

2

2,055,220

2,015,494

CURRENT ASSETS

Debtors

20,900

21,175

Cash at bank and in hand

11,965

6,885

32,865

28,060

CREDITORS

Amounts falling due within one year

364,482

320,105

NET CURRENT LIABILITIES

(331,617

)

(292,045

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,723,603

1,723,449

CREDITORS

Amounts falling due after more than one
year

3

530,724

641,304

NET ASSETS

1,192,879

1,082,145

CAPITAL AND RESERVES

Called up share capital

4

76

Revaluation reserve

373,788

Profit and loss account

819,015

708,281

SHAREHOLDERS' FUNDS

1,192,879

1,082,145

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 14 December 2016 and were signed on its behalf
by:

M S Matharu - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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

At 1 April 2015

2,058,951

Additions

41,394

At 31 March 2016

2,100,345

DEPRECIATION

At 1 April 2015

43,457

Charge for year

1,668

At 31 March 2016

45,125

NET BOOK VALUE

At 31 March 2016

2,055,220

At 31 March 2015

2,015,494

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

22,780

133,360

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

76

Ordinary

£1

76