Railjan Investments Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00688997 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

RAILJAN INVESTMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I M Katz

J D Lawrence

SECRETARY:

I M Katz

REGISTERED OFFICE:

Alpha House

176a High Street

Barnet

Hertfordshire

EN5 5SZ

REGISTERED NUMBER:

00688997 (England and Wales)

ACCOUNTANTS:

Lawrence, Nudds & Co

Chartered Accountants

Alpha House

176a High Street

Barnet

Hertfordshire

EN5 5SZ

FIXED ASSETS

Tangible assets

2

2,446,055

1,427,415

CURRENT ASSETS

Debtors

42,210

37,925

Cash at bank

7,418

-

49,628

37,925

CREDITORS

Amounts falling due within one year

(27,184

)

(49,433

)

NET CURRENT ASSETS/(LIABILITIES)

22,444

(11,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,468,499

1,415,907

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

2,418,883

1,398,883

Profit and loss account

49,516

16,924

SHAREHOLDERS' FUNDS

2,468,499

1,415,907

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 24 December 2014 and were signed on its behalf by:

I M Katz - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

This represents rents received in the year.

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

-

not provided

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Land and buildings

These are included at valuation in accordance with SSAP 19, and no depreciation is provided.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

1,485,857

Disposals

(8,000

)

Revaluations

1,020,000

At 31 March 2014

2,497,857

DEPRECIATION

At 1 April 2013

58,442

Charge for year

673

Eliminated on disposal

(7,313

)

At 31 March 2014

51,802

NET BOOK VALUE

At 31 March 2014

2,446,055

At 31 March 2013

1,427,415

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

Mr I M Katz, director, owns 50% of the company's share capital. Mr Katz is also a residuary legatee under the

will of Mrs H G Lightstone deceased whose estate includes the remaining 50% of the share capital. At 31 March

2014 he was owed £3,271 (2013 - £231) by the company.

The directors of the company are also directors of Sonarville Properties Limited, in which Mr I M Katz has a

similar share interest. At 31 March 2014 Sonarville Properties Limited owed Railjan Investments Limited £41,739

(2013 - £36,239).