VICTORIA_RAMPART_LIMITED - Accounts

VICTORIA RAMPART LIMITED - Company Information

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Company Registration No. 0330229 (England and Wales)

VICTORIA RAMPART LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

VICTORIA RAMPART LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VICTORIA RAMPART LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

649,916

581,373

Current assets

Debtors

28,600

15,390

Cash at bank and in hand

134,445

105,216

163,045

120,606

Creditors: amounts falling due within one year

(58,009)

(50,613)

Net current assets

105,036

69,993

Total assets less current liabilities

754,952

651,366

Capital and reserves

Called up share capital

84,000

Revaluation reserve

352,727

Other reserves

297,956

Profit and loss account

20,269

(83,317)

Shareholders' funds

754,952

651,366

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 April 2017

Mr N J Kimish

Director

Company Registration No. 0330229

VICTORIA RAMPART LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings leasehold

Straight line over the lease term

Plant and machinery

25% reducing balance

Marina developments

Remaining useful economic life of 30 years

Fixed assets

Tangible assets

Cost or valuation

At 1 December 2015

757,028

Additions

78,308

At 30 November 2016

835,336

Depreciation

At 1 December 2015

175,655

Charge for the year

9,765

At 30 November 2016

185,420

Net book value

At 30 November 2016

649,916

At 30 November 2015

581,373

VICTORIA RAMPART LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

28,000 Ordinary A of £1 each

28,000

28,000 Ordinary B of £1 each

28,000

28,000 Ordinary C of £1 each

28,000

84,000

Ultimate parent company

The ultimate parent company is R K Marine Limited, a company registered in England and Wales.