Rangan MS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04605726 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Rangan MS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A Rangan

SECRETARY:

Mrs S Rangan

REGISTERED OFFICE:

7 Bankside

The Watermark

Gateshead

NE11 9SY

REGISTERED NUMBER:

04605726 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

947

-

947

CURRENT ASSETS

Debtors

6

16,653

39,985

Investments

7

381,456

387,932

Cash at bank

29,452

17,247

427,561

445,164

CREDITORS

Amounts falling due within one year

8

77,691

55,189

NET CURRENT ASSETS

349,870

389,975

TOTAL ASSETS LESS CURRENT LIABILITIES

349,870

390,922

CREDITORS

Amounts falling due after more than one year

9

86,850

86,850

NET ASSETS

263,020

304,072

CAPITAL AND RESERVES

Called up share capital

12

12

Share premium

975

975

Retained earnings

262,033

303,085

SHAREHOLDERS' FUNDS

263,020

304,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 17 August 2018 and were signed by:

Dr A Rangan - Director

1.	STATUTORY INFORMATION

Rangan MS 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

225,000

AMORTISATION

At 1 January 2017

and 31 December 2017

225,000

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

10,462

DEPRECIATION

At 1 January 2017

9,515

Charge for year

947

At 31 December 2017

10,462

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

947

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

16,653

22,780

Amounts owed by associated business

-

17,205

16,653

39,985

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Middlesbrough Orthopaedics LLP

-

11,678

Rangan Property Services LLP

381,456

376,254

381,456

387,932

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

6,535

5,457

Other creditors

71,156

49,732

77,691

55,189

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

86,850

86,850

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A Rangan.

11.	GOING CONCERN

The director has reviewed a period of 12 months from approval of these financial statements and

concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to

prepare the accounts on going concern basis.