RIFT Capital Allowances Limited

Contents
	Page
Balance Sheet	1
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 08992129

		31 December 2016		Period to 31 December 2015
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,680		25,378
Cash at bank and in hand		31,266		14,175

		32,946		39,553
Creditors: Amounts Falling Due Within One Year	5	(36,642 )		(46,102 )

NET CURRENT ASSETS (LIABILITIES)			(3,696 )		(6,549 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,696 )		(6,549 )

NET ASSETS			(3,696 )		(6,549 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and loss account			(3,796 )		(6,649 )

SHAREHOLDERS' FUNDS			(3,696)		(6,549)

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Dermot Kennedy

26/09/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 May 2015	100	306	406
Loss for the period and total comprehensive income	-	(6,955 )	(6,955)

As at 31 December 2015 and 1 January 2016	100	(6,649 )	(6,549)


Profit for the year and total comprehensive income	-	2,853	2,853

As at 31 December 2016	100	(3,796 )	(3,696)

Page 3

RIFT Capital Allowances Limited

Notes to the Unaudited Accounts

For The Year Ended 31 December 2016

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

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

1.3. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Debtors

	31 December 2016	Period to 31 December 2015
	£	£
Due within one year
Trade debtors	1,680	21,750
Amounts owed by group undertakings	-	3,628

	1,680	25,378

5. Creditors: Amounts Falling Due Within One Year

	31 December 2016	Period to 31 December 2015
	£	£
Corporation tax	-	76
VAT	3,741	2,306
Amounts owed to group undertakings	-	6,466
Amounts owed to parent undertaking	6,466	-
Amounts owed to related parties	26,435	37,254

	36,642	46,102

Page 4

RIFT Capital Allowances Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 December 2016

6. Share Capital

	Value	Number	31 December 2016	Period to 31 December 2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

7. Related Party Transactions

The ultimate controlling party is Mrs J L Post by virtue of ownership of 100% of the issued share capital of the company's immediate parent RIFT Group Limited, which itself owns 100% of the issues share capital of the company.

8. General Information

RIFT Capital Allowances Limited Registered number 08992129 is a limited by shares company incorporated in England & Wales. The Registered Office is 200 Eureka Park, Upper Pemberton, Ashford, Kent, TN25 4AZ.