R.A.G. ASSOCIATES LIMITED

R.A.G. ASSOCIATES LIMITED

R.A.G. ASSOCIATES LIMITED - Company Information

Print Friendly Version

R.A.G. ASSOCIATES LIMITED

Company Registration Number:
05953869 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

R.A.G. ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

R.A.G. ASSOCIATES LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 3,263 2,957
Investments: 4 750,908 750,908
Total fixed assets: 754,171 753,865
Current assets
Debtors:   35,109 259,711
Cash at bank and in hand: 665,283 596,242
Investments: 5 499,712 499,712
Total current assets: 1,200,104 1,355,665
Creditors: amounts falling due within one year:   (42,705) (169,886)
Net current assets (liabilities): 1,157,399 1,185,779
Total assets less current liabilities: 1,911,570 1,939,644
Total net assets (liabilities): 1,911,570 1,939,644
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,911,568 1,939,642
Shareholders funds: 1,911,570 1,939,644

The notes form part of these financial statements

R.A.G. ASSOCIATES LIMITED

Balance sheet statements

For the year ending 31 October 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2018
and signed on behalf of the board by:

Name: Sir Roy Gardner
Status: Director

The notes form part of these financial statements

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when services have been delivered to clients such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life -plant & machinery-25% on cost.

Valuation and information policy

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.

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Employees

2017 2016
Average number of employees during the period 3 3

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Tangible Assets

Total
Cost £
At 01 November 2016 20,774
Additions 1,394
At 31 October 2017 22,168
Depreciation
At 01 November 2016 17,817
Charge for year 1,088
At 31 October 2017 18,905
Net book value
At 31 October 2017 3,263
At 31 October 2016 2,957

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Fixed investments

Investment property fair value at 1 November 2016 and 31 October 2017 £750,908.

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

5. Current investments

Listed Investments £254,712 at 31 October 2016 and 31 October 2017. Unlisted Investments £245,000 at 31 October 2016 and 31 October 2017.

R.A.G. ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

6. Related party transactions

Name of the related party: Sir Roy Gardner
Relationship:
Director
Description of the Transaction: Loan to the company .
£
Balance at 01 November 2016 128,578
Balance at 31 October 2017 7,400
Name of the related party: Ayot Property and Business Enterprises Limited
Relationship:
A company owned by members of the Directors' family
Description of the Transaction: Loan
£
Balance at 01 November 2016 0
Balance at 31 October 2017 18,609