Ravensgate Homes Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 03337185 (England and Wales)

Ravensgate Homes Limited

Unaudited Financial Statements

for the Year Ended

31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R M Collett

SECRETARY:

Mrs C J Collett

REGISTERED OFFICE:

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

REGISTERED NUMBER:

03337185 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

FIXED ASSETS

Tangible assets

3

22

29

CURRENT ASSETS

Stocks

76,695

76,695

Debtors

4

2,234

2,409

Cash at bank

21,301

40,887

100,230

119,991

CREDITORS

Amounts falling due within one year

5

115,178

135,136

NET CURRENT LIABILITIES

(14,948

)

(15,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,926

)

(15,116

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(14,927

)

(15,117

)

SHAREHOLDERS' FUNDS

(14,926

)

(15,116

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 director on 27 September 2017 and were signed by:

R M Collett - Director

1.	STATUTORY INFORMATION

Ravensgate Homes 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.

The trading address of the company is St. Arnaud House, 9 Lillington Avenue, Leamington Spa, Warwickshire

CV32 5UL.

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.

The transition date to Financial Reporting Standard 102 Section 1A is 1st April 2015, being the first day of the

comparative year ended 31st March 2016. Accounting policies have been reviewed and it has not been necessary

to restate the opening position.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Stocks

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

moving items.

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,902

534

2,436

DEPRECIATION

At 1 April 2016

1,873

534

2,407

Charge for year

7

-

7

At 31 March 2017

1,880

534

2,414

NET BOOK VALUE

At 31 March 2017

22

-

22

At 31 March 2016

29

-

29

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Debtors

2,016

2,016

VAT

218

393

2,234

2,409

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Creditors

564

3,431

Social security and other taxes

156

156

Director's loan account

108,058

124,149

Accrued expenses

6,400

7,400

115,178

135,136

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan has no fixed date for payment and is interest free. The balance owed to the director at the year

end amounted to £108,058.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr R M Collett, sole shareholder and director at the Balance

Sheet date.