Ravenhill Trading Ltd - Filleted accounts

RAVENHILL TRADING LTD - Company Information

Registered number

NI053054

Ravenhill Trading Ltd

Filleted Accounts

31 December 2016

Ravenhill Trading Ltd
Registered number:		NI053054
Balance Sheet
as at 31 December 2016

Notes			2016			2015
£				£
Current assets
Stocks		-			332,084

Creditors: amounts falling due within one year	2	(1,029,286)			(1,410,086)

Net current liabilities			(1,029,286)			(1,078,002)

Net liabilities			(1,029,286)			(1,078,002)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(1,029,386)			(1,078,102)

Shareholders' funds			(1,029,286)			(1,078,002)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Richard Irwin
Director
Approved by the board on 30 September 2017

Ravenhill Trading Ltd
Notes to the Accounts
for the year ended 31 December 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Creditors: amounts falling due within one year	2016		2015
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	(130,800)		250,000
	Other creditors	1,160,086		1,160,086
		1,029,286		1,410,086


3	Other information

	Ravenhill Trading Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	43 Waring Street
	Belfast
	BT1 2DY

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