Rural Business Centres Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02163740 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2017

for

RURAL BUSINESS CENTRES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Roger Henry Tempest

Ahmed Al Serkal

REGISTERED OFFICE:

Estate Office

Broughton Hall

Broughton

Skipton

Yorkshire

BD23 3AE

REGISTERED NUMBER:

02163740 (England and Wales)

BANKERS:

Coutts & Co

2 Whitehall Quay

Leeds

Yorkshire

LS1 4HR

FIXED ASSETS

Tangible assets

3

14,880

14,895

CURRENT ASSETS

Stocks

218,022

194,962

Debtors

4

100

350

Cash at bank

1,664

4,944

219,786

200,256

CREDITORS

Amounts falling due within one year

5

60,000

40,101

NET CURRENT ASSETS

159,786

160,155

TOTAL ASSETS LESS CURRENT LIABILITIES

174,666

175,050

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

174,566

174,950

SHAREHOLDERS' FUNDS

174,666

175,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 6th July 2018 and were signed on its behalf by:

Roger Henry Tempest - Director

1.	STATUTORY INFORMATION

Rural Business Centres 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 FRS 102 “The Financial

Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the

requirements of the Companies Act 2006 as applicable to companies subject to the small

companies regime. The disclosure requirements of section 1A of FRS 102 have been applied

other than where additional disclosure is required to show a true and fair view.

These financial statements for the year ended 30 November 2017 are the first financial

statements of Rural Concepts Limited prepared in accordance with FRS 102, The Financial

Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to

FRS 102 was 1 December 2015. There have been no major changes to the accounts relating

to FRS 102.

The company meets its day to day working capital requirements through funds provided by

its related company Rural Concepts Limited which are repayable on demand and are

disclosed as due within one year in the financial statements

On this basis, the director considers it appropriate to prepare the financial statements on

the going concern basis. The financial statements do not include any adjustments that

would result from a withdrawal of the support by Rural Concepts Limited

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over

its estimated useful life.

Long leasehold - over the life of the lease.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing stocks to their present location and condition.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st December 2016

and 30th November 2017

15,000

DEPRECIATION

At 1st December 2016

105

Charge for year

15

At 30th November 2017

120

NET BOOK VALUE

At 30th November 2017

14,880

At 30th November 2016

14,895

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

100

350

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

5,101

Amounts owed to group undertakings

60,000

35,000

60,000

40,101

6.	RELATED PARTY DISCLOSURES

Rural Concepts Limited

Ultimate Parent Company

Loans to the value of £25,000 were received during the year from Rural Concepts Limited.

The loan is interest free and repayable on demand.

2017

2016

£

£

Amount due to related party at the balance sheet date

60,000

35,000