Ridgemont Outfitters Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08463588 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

27 March 2013 to 31 March 2014

for

Ridgemont Outfitters Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J P Hall

REGISTERED OFFICE:

14a Forest Gate

Pewsham

Chippenham

Wiltshire

SN15 3RS

REGISTERED NUMBER:

08463588 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

14a Forest Gate

Pewsham

Chippenham

Wiltshire

SN15 3RS

FIXED ASSETS

Tangible assets

2

5,694

CURRENT ASSETS

Debtors

12,170

Cash at bank

33,247

45,417

CREDITORS

Amounts falling due within one year

156,006

NET CURRENT LIABILITIES

(110,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(104,895

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(104,995

)

SHAREHOLDERS' FUNDS

(104,895

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 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 22 December 2014 and were signed by:

A J P Hall - 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.

Plant and machinery etc

-

Straight line at 33.33%

Deferred tax

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

sheet date.

Going concern

The company is in its first trading period following incorporation. Whilst significant progress has been made by

the director in developing the company's products it has yet to bring these to market and as a result has incurred a

loss, which the director had forecast.

The on-going financial responsibilities of the company are and will continue to be covered by the holding

company. The director expects the company to make a trading profit in the full year to 31 March 2016.

Having considered the company forecasts and taking into consideration the financial support of the holding

company the director believes it appropriate that the accounts are prepared on the going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,541

At 31 March 2014

8,541

DEPRECIATION

Charge for period

2,847

At 31 March 2014

2,847

NET BOOK VALUE

At 31 March 2014

5,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

4.	ULTIMATE PARENT COMPANY

Ridgemont Outfitters Holdings Limited is regarded by the director as being the company's ultimate parent

company.