RHP Marine Limited,Ltd - Accounts

RHP MARINE LIMITED - Company Information

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RHP Marine Limited

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 05176770

Contents Page

RHP Marine Limited

For the year ended 31 March 2015

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Accountants' Report

For the year ended 31 March 2015

RHP Marine Limited

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of RHP Marine

Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional

requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of RHP Marine Limited, as a body, in accordance with the terms of our engagement

letter dated . Our work has been undertaken solely to prepare for your approval the accounts of RHP Marine Limited and state those

matters that we have agreed to state to the Board of Directors of RHP Marine Limited, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RHP Marine Limited and its Board of

Directors as a body for our work or for this report.

It is your duty to ensure that RHP Marine Limited has kept adequate accounting records and to prepare statutory accounts that give a

true and fair view of the assets, liabilities, financial position and profit of RHP Marine Limited. You consider that RHP Marine Limited is

exempt from the statutory audit requirement for the year.

Osman Smart Limited

29 Watergate Road

Newport

Isle of Wight

PO30 1XP

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Abbreviated Balance Sheet

RHP Marine Limited

As at 31 March 2015

05176770

Registered Number :

2015

Notes

2014

Fixed assets

Intangible assets

2,150

8,050

Tangible assets

35,090

35,717

37,240

43,767

Current assets

Stocks

55,000

Debtors

52,849

56,923

Cash at bank and in hand

274

100

112,197

107,949

Creditors: amounts falling due within one year

(142,687)

(102,918)

(34,738)

9,279

Net current assets

Total assets less current liabilities

46,519

9,029

Creditors: amounts falling due after more than one year

(72,014)

(88,009)

1,285

6,542

Provisions for liabilities

(40,205)

Net liabilities

(56,443)

Capital and reserves

Called up share capital

100

Profit and loss account

(40,305)

(56,543)

(40,205)

(56,443)

Shareholders funds

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 04 August 2015

Mr Richard Pierrepont Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

RHP Marine Limited

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful

economic life of the goodwill of 0 years.

Tangible fixed assets

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:

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Intangible fixed assets

Cost or valuation

Intangible fixed

assets

At 01 April 2014

59,000

At 31 March 2015

Amortisation

50,950

At 01 April 2014

5,900

Charge for year

56,850

At 31 March 2015

2,150

Net Book Values

At 31 March 2015

8,050

At 31 March 2014

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

RHP Marine Limited

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

85,215

At 01 April 2014

1,441

Additions

At 31 March 2015

86,656

Depreciation

49,498

At 01 April 2014

2,068

Charge for year

51,566

At 31 March 2015

Net book values

At 31 March 2015

35,090

35,717

At 31 March 2014

Debtors include an amount of £2151 (2014: £2151) falling due after more than one year

4 Debtors:

2015

5 Creditors: amounts falling due within one year

2014

7,425

4,154

Bank loans and overdrafts (secured)

2014

2015

6 Creditors due after more than one year

61,672

69,514

Bank loans and overdrafts (secured)

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