Rahon Property Development Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01897065 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Rahon Property Development Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Matharu

Mrs S K Matharu

SECRETARY:

M S Matharu

REGISTERED OFFICE:

10 Fearnville Mount

Leeds

LS8 3DW

REGISTERED NUMBER:

01897065 (England and Wales)

ACCOUNTANTS:

Isaacs

Albion House

64 Vicar Lane

Bradford

West Yorkshire

BD1 5AH

FIXED ASSETS

Tangible assets

2

2,012,957

2,014,471

CURRENT ASSETS

Debtors

19,075

19,555

Cash at bank and in hand

19,840

916

38,915

20,471

CREDITORS

Amounts falling due within one year

314,954

283,067

NET CURRENT LIABILITIES

(276,039

)

(262,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,736,918

1,751,875

CREDITORS

Amounts falling due after more than one year

3

749,728

855,762

NET ASSETS

987,190

896,113

CAPITAL AND RESERVES

Called up share capital

4

76

76

Revaluation reserve

373,788

373,788

Profit and loss account

613,326

522,249

SHAREHOLDERS' FUNDS

987,190

896,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 November 2014 and were signed on its behalf by:

M S Matharu - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 etc

-

15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

2,054,452

DEPRECIATION

At 1 April 2013

39,981

Charge for year

1,514

At 31 March 2014

41,495

NET BOOK VALUE

At 31 March 2014

2,012,957

At 31 March 2013

2,014,471

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

241,784

347,818

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

76

Ordinary

£1

76

76