RISING_SUN_CM12_LIMITED - Accounts
RISING_SUN_CM12_LIMITED - Accounts
Company Registration No. 08550963 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE PERIOD
31 MAY 2013 TO 31 MAY 2014
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RISING SUN CM12 LIMITED FOR THE PERIOD ENDED 31 MAY 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rising Sun CM12 Limited for the period ended 31 May 2014 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Rising Sun CM12 Limited, as a body, in accordance with the terms of our engagement letter dated 10 June 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Rising Sun CM12 Limited and state those matters that we have agreed to state to the Board of Directors of Rising Sun CM12 Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rising Sun CM12 Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Rising Sun CM12 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rising Sun CM12 Limited. You consider that Rising Sun CM12 Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Rising Sun CM12 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2014
- 2 -
2014
Notes
£
£
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
2
(438,802 )
Total assets less current liabilities
(6,740 )
Capital and reserves
Called up share capital
3
Profit and loss account
(6,840 )
Shareholders' funds
(6,740 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 10 October 2014
Director
Director
Director
Director
Company Registration No. 08550963
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MAY 2014
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Stock
Stock is valued at the lower of cost and net realisable value.
2
Creditors: amounts falling due within one year
The bank loan is secured by a first legal charge over the company's stock of property.
3
Share capital
2014
£
Allotted, called up and fully paid
30 Ordinary "A" shares of £1 each
30
20 Ordinary "B" shares of £1 each
20
20 Ordinary "C" shares of £1 each
20
30 Ordinary "D" shares of £1 each
30