Paul Rackham Developments Limited - Accounts to registrar - small 17.2

Paul Rackham Developments Limited - Accounts to registrar - small 17.2

PAUL RACKHAM DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 01926566 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Paul Rackham Developments Limited

Paul Rackham Developments Limited (Registered number: 01926566)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Rackham Developments Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mrs S A Rackham
P A Rackham
P A Rackham Jnr
S R Stuteley





SECRETARY: S R Stuteley





REGISTERED OFFICE: Manor Farm
122 The Street
Bridgham
Norwich
Norfolk
NR16 2RX





REGISTERED NUMBER: 01926566 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Page 1
Paul Rackham Developments Limited (Registered number: 01926566)

Balance Sheet
31 December 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks 74,539 74,539
Debtors 3 375 375
Cash at bank 12 -
74,926 74,914
CREDITORS
Amounts falling due within one year 4 77,583 66,326
NET CURRENT (LIABILITIES)/ASSETS (2,657 ) 8,588
TOTAL ASSETS LESS CURRENT LIABILITIES (2,657 ) 8,588

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (2,757 ) 8,488
SHAREHOLDERS' FUNDS (2,657 ) 8,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 July 2017 and were signed on its behalf by:





S R Stuteley - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
Paul Rackham Developments Limited (Registered number: 01926566)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Paul Rackham Developments Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern basis

The company has net current liabilities. The directors have agreed to continue to support the company
financially in order for it to continue to operate and accordingly they consider the company remains a going
concern.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 375 375

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts - 95
Other creditors 77,583 66,231
77,583 66,326

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1 100 100

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A Rackham.

Page 3 continued...
Paul Rackham Developments Limited (Registered number: 01926566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

7. FIRST YEAR ADOPTION

These financial statements are the first financial statements that comply with FRS 102 Section 1A small entities.
The date of transition is 1st January 2015. The transition has required no amendment to accounting policies in
order to align them with the requirements of FRS 102 and FRS 102 1A and, the transition has had no material
impact on these financial statements.


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