Red Squirrel Freshfield Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08001099 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Red Squirrel Freshfield Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs L Smith

SECRETARY:

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

08001099 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

252,500

252,500

CREDITORS

Amounts falling due within one year

3

319,539

253,099

NET CURRENT LIABILITIES

(319,539

)

(253,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,039

)

(599

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(67,040

)

(600

)

SHAREHOLDERS' FUNDS

(67,039

)

(599

)

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 director acknowledges her 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 director on 10 December 2014 and were signed by:

Mrs L Smith - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

No depreciation charged

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

252,500

NET BOOK VALUE

At 31 March 2014

252,500

At 31 March 2013

252,500

3.

CREDITORS

Creditors include an amount of £ 318,000 (31.3.13 - £ 252,500 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

ordinary shares

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director operates loan accounts with the company to which all transactions of a private nature are charged.

At the balance sheet date included in other creditors is £99 (2013 £99) due to Mrs L Smith.