RATEWARD LIMITED

RATEWARD LIMITED

RATEWARD LIMITED - Company Information

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RATEWARD LIMITED

Company Registration Number:
01538272 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

RATEWARD LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

RATEWARD LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 522,435 522,589
Total fixed assets: 522,435 522,589
Current assets
Debtors:   1,810 2,297
Cash at bank and in hand: 215,147 244,992
Total current assets: 216,957 247,289
Creditors: amounts falling due within one year: 3 (235,275) (231,325)
Net current assets (liabilities): (18,318) 15,964
Total assets less current liabilities: 504,117 538,553
Provision for liabilities: (62,787) (62,787)
Total net assets (liabilities): 441,330 475,766
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 441,328 475,764
Shareholders funds: 441,330 475,766

The notes form part of these financial statements

RATEWARD LIMITED

Balance sheet statements

For the year ending 31 March 2018 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 20 December 2018
and signed on behalf of the board by:

Name: Mr M Platt
Status: Director

The notes form part of these financial statements

RATEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

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

Turnover represents rents receivable.

Tangible fixed assets and 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 and office equipment 15% Reducing balanceNo depreciation is provided on the company''s investment properties since they are now stated at fair value and 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.

Valuation and information policy

The fair value of the investment properties is based on valuations of the Directors and not of independent valuers. In the opinion of the Directors, the fair value of the investment properties has remained unchanged over the year, hence no further revaluation is required,

Other accounting policies

Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statementof financial position date.

RATEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible Assets

Total
Cost £
At 01 April 2017 531,753
Additions 276
At 31 March 2018 532,029
Depreciation
At 01 April 2017 9,164
Charge for year 430
At 31 March 2018 9,594
Net book value
At 31 March 2018 522,435
At 31 March 2017 522,589

RATEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Creditors: amounts falling due within one year note

2018 2017 £ £Taxation and social security 6,008 6,320Other creditors 229,267 225,005 -------------- ------------- 235,275 231,325 -------------- -------------

RATEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Related party transactions

The company is controlled by its two directors, who are husband and wife and who between them, own the entire share capital of the company.Creditors include £217,330 (2017 - £214,140) due to the directors. There are no fixed terms as to interest or repayment.