J Ruddock Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00148409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

J Ruddock Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R H Ruddock

REGISTERED OFFICE:

287 High Street

LINCOLN

Lincolnshire

LN2 1AW

REGISTERED NUMBER:

00148409 (England and Wales)

BANKERS:

Yorkshire Bank Plc

8 Guildhall Street

Lincoln

LN1 1TT

FIXED ASSETS

Tangible assets

4

175,002

316,675

Investments

5

31,301

38,648

Investment property

6

647,500

647,500

853,803

1,002,823

CURRENT ASSETS

Stocks

-

215,479

Debtors

7

7,837

168,807

Cash at bank and in hand

80,844

41,028

88,681

425,314

CREDITORS

Amounts falling due within one year

8

369,577

403,322

NET CURRENT (LIABILITIES)/ASSETS

(280,896

)

21,992

TOTAL ASSETS LESS CURRENT LIABILITIES

572,907

1,024,815

CAPITAL AND RESERVES

Called up share capital

1,160

1,160

Revaluation reserve

9

514,090

514,090

Other reserves

452

452

Retained earnings

57,205

509,113

572,907

1,024,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 July 2018 and were signed by:

J R H Ruddock - Director

1.	STATUTORY INFORMATION

J Ruddock 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

10% on reducing balance

Plant and machinery etc

-

at variable rates on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 20 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2017

341,141

436,325

777,466

Impairments

-

(110,513

)

(110,513

)

At 31 January 2018

341,141

325,812

666,953

DEPRECIATION

At 1 February 2017

146,694

314,097

460,791

Charge for year

19,445

11,715

31,160

At 31 January 2018

166,139

325,812

491,951

NET BOOK VALUE

At 31 January 2018

175,002

-

175,002

At 31 January 2017

194,447

122,228

316,675

Following the cessation of trade, an impairment review was undertaken in relation to the company's

fixtures and fittings. It was determined that the fixtures and fittings have no value and a full provision

for impairment has therefore been made.

5.	FIXED ASSET INVESTMENTS

Interest

in

Listed

Unlisted

associate

investments

investments

Totals

£

£

£

£

COST

At 1 February 2017

500

17,301

20,847

38,648

Disposals

(500

)

-

(6,847

)

(7,347

)

At 31 January 2018

-

17,301

14,000

31,301

NET BOOK VALUE

At 31 January 2018

-

17,301

14,000

31,301

At 31 January 2017

500

17,301

20,847

38,648

Market value of listed investments at 31 January 2018 - £ 89,228 .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2017

and 31 January 2018

647,500

NET BOOK VALUE

At 31 January 2018

647,500

At 31 January 2017

647,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

-

58,379

Other debtors

7,837

110,428

7,837

168,807

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade creditors

2,742

51,694

Taxation and social security

11,341

46,856

Other creditors

355,494

304,772

369,577

403,322

9.

RESERVES

Revaluation

reserve

£

At 1 February 2017

and 31 January 2018

514,090

10.	RELATED PARTY DISCLOSURES

31.1.18

31.1.17

£

£

Rent paid to connected family trusts

90,000

90,000

Current account balance owing to the director

41,497

41,497

Amount owing to related parties

307,000

257,000

Amounts written off owed from related parties

164,653

-

Amounts owed from related parties

-

143,173

The related parties consist of companies in which the director also has an interest.

11.	ULTIMATE CONTROLLING PARTY

Mr J R H Ruddock is the ultimate controlling party.