RHP Marine Limited - Limited company - abbreviated - 11.0.0

RHP Marine Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 05176770(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

RHP MARINE LIMITED

RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

RHP MARINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: Mr R H Pierrepont
Mr J Willcock
Mr C E Pierrepont
Mr H W Peel





REGISTERED OFFICE: Thetis Wharf
Medina Road
Cowes
Isle of Wight
PO31 7BX





REGISTERED NUMBER: 05176770(England and Wales)





ACCOUNTANTS: Garbetts (IOW) Limited
Arnold House
2 New Road
Brading
Isle of Wight
PO36 0DT

RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 8,050 13,950
Tangible assets 3 35,717 39,439
43,767 53,389

CURRENT ASSETS
Stocks 55,000 55,000
Debtors 61,276 78,537
Cash in hand 100 795
116,376 134,332
CREDITORS
Amounts falling due within one year 147,071 160,763
NET CURRENT LIABILITIES (30,695 ) (26,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,072

26,958

CREDITORS
Amounts falling due after more than one
year

69,515

73,502
NET LIABILITIES (56,443 ) (46,544 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (56,543 ) (46,644 )
SHAREHOLDERS' FUNDS (56,443 ) (46,544 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 13 October 2014and were signed on its behalf by:





Mr R H Pierrepont- Director


RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


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 and services, excluding value added tax.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of a business in 2005 and 2007, is being
amortised over its useful economic life of 10 years.

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

Land and buildings - 15% on reducing balance
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 59,000
AMORTISATION
At 1 April 2013 45,050
Amortisation for year 5,900
At 31 March 2014 50,950
NET BOOK VALUE

At 31 March 2014 8,050
At 31 March 2013 13,950

RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 101,506
Disposals (16,290 )
At 31 March 2014 85,216
DEPRECIATION
At 1 April 2013 62,067
Charge for year 2,236
Eliminated on disposal (14,804 )
At 31 March 2014 49,499
NET BOOK VALUE
At 31 March 2014 35,717
At 31 March 2013 39,439

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and
31 March 2013:

2014 2013
£    £   
Mr J Willcock
Balance outstanding at start of year 2,924 177
Amounts advanced - 2,747
Amounts repaid - -
Balance outstanding at end of year 2,924 2,924

Mr C E Pierrepont
Balance outstanding at start of year 8,125 (6,410 )
Amounts advanced 6,461 19,513
Amounts repaid (15,529 ) (4,978 )
Balance outstanding at end of year (943 ) 8,125

RHP MARINE LIMITED (REGISTERED NUMBER: 05176770)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr R H Pierrepont
Balance outstanding at start of year 8,125 (6,410 )
Amounts advanced 6,461 19,513
Amounts repaid (15,529 ) (4,978 )
Balance outstanding at end of year (943 ) 8,125