RONNIE_WOOD_PRIVATE_COLLE - Accounts

RONNIE WOOD PRIVATE COLLECTION LIMITED - Company Information

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Company Registration No. 04512823 (England and Wales)

RONNIE WOOD PRIVATE COLLECTION LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

RONNIE WOOD PRIVATE COLLECTION LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

RONNIE WOOD PRIVATE COLLECTION LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

121,957

128,377

Debtors

32,481

32,666

Cash at bank and in hand

59,406

3,839

213,844

164,882

Creditors: amounts falling due within one year

(862,537)

(848,554)

Total assets less current liabilities

(648,693)

(683,672)

Capital and reserves

Called up share capital

100

Profit and loss account

(648,793)

(683,772)

Shareholders' funds

(648,693)

(683,672)

For the financial year ended 30 September 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 22 June 2017

Mrs S Daly

Director

Company Registration No. 04512823

RONNIE WOOD PRIVATE COLLECTION LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the director.

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 on the sale of original artwork and prints net of Value Added Tax.

1.4

Stock

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

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100