Rex Venture Resources Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06079262 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Rex Venture Resources Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Williams

S K M Williams

Mrs H A Williams

SECRETARY:

Miss L Sheppard

REGISTERED OFFICE:

Harmile House

54 St. Mary's Lane

Upminster

Essex

RM14 2QP

REGISTERED NUMBER:

06079262 (England and Wales)

FIXED ASSETS

Investments

4

8,674,829

7,773,076

CURRENT ASSETS

Debtors

5

1,580

1,380

Cash at bank

53

1,269

1,633

2,649

CREDITORS

Amounts falling due within one year

6

1,000

1,000

NET CURRENT ASSETS

633

1,649

TOTAL ASSETS LESS CURRENT LIABILITIES

8,675,462

7,774,725

CAPITAL AND RESERVES

Called up share capital

7

400,000

400,000

Share premium

400,000

400,000

Retained earnings

7,875,462

6,974,725

SHAREHOLDERS' FUNDS

8,675,462

7,774,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 8 January 2018 and were signed on its behalf by:

S K M Williams - Director

1.	STATUTORY INFORMATION

Rex Venture Resources 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.

This is the first year the company has adopted FRS 102 and there has been no restatement of the prior year

results and the only changes required relate to presentation and disclosure within the financial statements.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Loans to

other

participating

interests

£

At 1 May 2016

7,773,076

New in year

901,753

At 30 April 2017

8,674,829

The company is a member of Rex Partners LLP. Loans to and profits due from the LLP are included within loans

to participating interest.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

1,580

1,380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other creditors

1,000

1,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

400,000

Ordinary

£1

400,000

400,000