Raffles UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04372986 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Raffles UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs J Hibbert

SECRETARY:

Mrs J Hibbert

REGISTERED OFFICE:

Unit 1

Parkside Business Park

15 Headley Road

Woodley

Berkshire

RG5 JB

REGISTERED NUMBER:

04372986 (England and Wales)

ACCOUNTANTS:

Kirkpatrick & Hopes Ltd

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

CURRENT ASSETS

Stocks

-

28,076

Debtors

-

19,544

Cash at bank and in hand

-

7,966

-

55,586

CREDITORS

Amounts falling due within one year

301,151

275,030

NET CURRENT LIABILITIES

(301,151

)

(219,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(301,151

)

(219,444

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(301,251

)

(219,544

)

SHAREHOLDERS' FUNDS

(301,151

)

(219,444

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2015 and were signed by:

Mrs J Hibbert - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Income is recognised at the point of

sale when the title of the goods passes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern justification

The company ceased trading on 31 October 2013. The director considers that the realisable value of the assets

and liabilities of the company are not materially different to their book value and therefore the accounts have

been prepared on a going concern basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary

1

100

100

3.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Hanover Resources Ltd.