Abbreviated Company Accounts - RATEWARD LIMITED

01538272 RATEWARD LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01538272 2013-04-01 2014-03-31 01538272 2014-03-31 01538272 2013-03-31 01538272 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01538272 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 01538272

RATEWARD LIMITED

Abbreviated Accounts

31 March 2014

RATEWARD LIMITED Registered Number 01538272

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	193,759	194,144
		193,759	194,144
Current assets
Debtors		1,853	1,324
Cash at bank and in hand		571,399	688,965
		573,252	690,289
Creditors: amounts falling due within one year		(209,960)	(333,345)
Net current assets (liabilities)		363,292	356,944
Total assets less current liabilities		557,051	551,088
Total net assets (liabilities)		557,051	551,088
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		557,049	551,086
Shareholders' funds		557,051	551,088

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2014

And signed on their behalf by:
Mr M Platt, Director

RATEWARD LIMITED Registered Number 01538272

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rents receivable.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Furniture & Equipment 15% Reducing balance

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2Tangible fixed assets

	£
Cost
At 1 April 2013	200,938
Additions	359
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	201,297
Depreciation
At 1 April 2013	6,794
Charge for the year	744
On disposals	-
At 31 March 2014	7,538
Net book values
At 31 March 2014	193,759
At 31 March 2013	194,144

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2