Ritchie Realisation Ltd - Accounts to registrar (filleted) - small 18.2

Ritchie Realisation Ltd - Accounts to registrar (filleted) - small 18.2

RITCHIE REALISATION LIMITED - Company Information

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REGISTERED NUMBER: SC085698 (Scotland)















Financial Statements for the Year Ended 31 March 2018

for

Ritchie Realisation Limited
Ritchie Realisation Limited (Registered number: SC085698)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ritchie Realisation Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: G F Ritchie





SECRETARY: Connons Of Stonehaven





REGISTERED OFFICE: 50 Allardice Street
Stonehaven
Kincardineshire
AB39 2RA





REGISTERED NUMBER: SC085698 (Scotland)





ACCOUNTANTS: Findlay Brown Ltd
Chartered Certified Accountants
53 Huntly Street
Aberdeen
AB10 1TH
Page 1
Ritchie Realisation Limited (Registered number: SC085698)

Abridged Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 25,170 9,170
Investment property 4 976,877 995,464
1,002,047 1,004,634

CURRENT ASSETS
Debtors 6,043 8,816
Cash at bank 26,177 24,945
32,220 33,761
CREDITORS
Amounts falling due within one year 242,531 246,439
NET CURRENT LIABILITIES (210,311 ) (212,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
791,736
791,956

CREDITORS
Amounts falling due after more than one
year
(14,879
)
-

PROVISIONS FOR LIABILITIES (91,364 ) (95,081 )
NET ASSETS 685,493 696,875

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 635,493 646,875
SHAREHOLDERS' FUNDS 685,493 696,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 2 continued...
Ritchie Realisation Limited (Registered number: SC085698)

Abridged Balance Sheet - continued
31 March 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2018 and were signed by:





G F Ritchie - Director


The notes form part of these financial statements

Page 3
Ritchie Realisation Limited (Registered number: SC085698)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Ritchie Realisation Limited is a private company, limited by shares , registered in Scotland. 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.
Investment Property Equipment - straight line over 2 years

Investment property
The investment properties were previously accounted for under the FRSSE (effective January 2015), which
required gains and losses on the property's open market value to be taken to a revaluation reserve in equity. The
properties are being measured at fair value under FRS 102 at deemed cost and depreciated at 2% per annum on
the buildings element (no depreciation on the land element).

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 36,264
Additions 24,253
At 31 March 2018 60,517
DEPRECIATION
At 1 April 2017 27,094
Charge for year 8,253
At 31 March 2018 35,347
NET BOOK VALUE
At 31 March 2018 25,170
At 31 March 2017 9,170

Page 4 continued...
Ritchie Realisation Limited (Registered number: SC085698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 1,032,638
DEPRECIATION
At 1 April 2017 37,174
Charge for year 18,587
At 31 March 2018 55,761
NET BOOK VALUE
At 31 March 2018 976,877
At 31 March 2017 995,464

Included in fair value of investment property is freehold land of £ 103,263 (2017 - £ 103,263 ) which is not
depreciated.

5. RELATED PARTY DISCLOSURES

Mr & Mrs Ritchie lent the company loans, balance £235,000 (2016 £235,000). The loans are interest free with no
fixed terms of repayment.

6. ULTIMATE CONTROLLING PARTY

The controlling party is G F Ritchie.

Page 5