Richmond Hill Limited - Limited company - abbreviated

REGISTERED NUMBER: 03297210

Abbreviated Accounts

For The Year Ended 31st May 2015

for

Richmond Hill Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Reeve

P M Reeve

J C Reeve

D J Reeve

Mrs B M Reeve

SECRETARY:

M J Reeve

REGISTERED OFFICE:

Cold Moor Cote

Chop Gate

Middlesbrough

Cleveland

TS9 7JJ

REGISTERED NUMBER:

03297210

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

40A Market Place

Ripon

North Yorkshire

HG4 1BZ

CURRENT ASSETS

Stocks

392,119

210,163

Debtors

26,970

35,298

419,089

245,461

CREDITORS

Amounts falling due within one year

571,227

396,537

NET CURRENT LIABILITIES

(152,138

)

(151,076

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(152,138

)

(151,076

)

CAPITAL AND RESERVES

Called up share capital

2

20,002

Profit and loss account

(172,140

)

(171,078

)

SHAREHOLDERS' FUNDS

(152,138

)

(151,076

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25th February 2016 and were signed on its behalf
by:

M J Reeve - 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).

Stocks

Stocks and Work in Progress 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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

20,002

Ordinary

£1

20,002

3.	GOING CONCERN

As at the 31 May 2015 the company had net current liabilities and net liabilities of £152,138 (2014:£151,076).

However, included within creditors due within one year are balances of £529,112 (2014:£346,619) due to the

Urra Estate Partnership which is controlled by the directors. The partners or Urra Estate Limited have undertaken

not to require payment of the outstanding loan and liability until the company has sufficient liquid resources to

pay the loan and liability and the liability due to other creditors.

Therefore the directors consider that it is appropriate to prepare the accounts on the going concern basis.

Richmond Hill Limited - Limited company - abbreviated - 11.9

Richmond Hill Limited - Limited company - abbreviated - 11.9