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REGISTERED NUMBER: 01260467 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

R M & K FASHIONS LIMITED

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R M & K FASHIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Mrs K Chopra
S Chopra
Mrs R Chopra



REGISTERED OFFICE: 36 Willow Way
Darras Hall
Ponteland
Newcastle upon Tyne
NE20 9RF



REGISTERED NUMBER: 01260467 (England and Wales)



ACCOUNTANTS: Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ



BANKERS: Handelsbanken
2nd Floor
Earl Grey House
75-85 Grey Street
Newcastle upon Tyne
NE1 6EF

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128 150
Investments 5 1,650,000 1,650,000
1,650,128 1,650,150

CURRENT ASSETS
Debtors 6 734 705
Cash at bank 30,933 26,438
31,667 27,143
CREDITORS
Amounts falling due within one year 7 106,622 98,604
NET CURRENT LIABILITIES (74,955 ) (71,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,575,173

1,578,689

CREDITORS
Amounts falling due after more than one
year

8

(485,701

)

(510,449

)

PROVISIONS FOR LIABILITIES (39,114 ) (45,893 )
NET ASSETS 1,050,358 1,022,347

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,049,358 1,021,347
SHAREHOLDERS' FUNDS 1,050,358 1,022,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 December 2017 and were signed on
its behalf by:





Mrs K Chopra - Director


R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

R M & K Fashions Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

The financial statements are presented in UK Sterling which is the functional currency of the company
and rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
The company adopted FRS 102 1A in the current year and an explanation of how transition to FRS
102 1A has affected the reported financial position and performance is given in note 10.

Turnover
Turnover represents rents received from the company's investment properties and is net of value
added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Fixed asset investments
This represents the company's investment property which is stated in the balance sheet at its fair
value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 207 903 1,110
DEPRECIATION
At 1 April 2016 57 903 960
Charge for year 22 - 22
At 31 March 2017 79 903 982
NET BOOK VALUE
At 31 March 2017 128 - 128
At 31 March 2016 150 - 150

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2016
and 31 March 2017 1,650,000
NET BOOK VALUE
At 31 March 2017 1,650,000
At 31 March 2016 1,650,000

Cost or valuation at 31 March 2017 is represented by:

Other
investments
£   
Valuation in 2005 290,818
Valuation in 2007 55,000
Valuation in 2014 407,788
Cost 896,394
1,650,000

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. FIXED ASSET INVESTMENTS - continued

If the fixed asset investment had not been revalued it would have been included at the following
historical cost:

2017 2016
£    £   
Cost 896,394 896,394

The fixed asset investment was valued on a market value basis on 7 July 2014 by BNP Paribas Real Estate
.

BNP Paribas Real Estate are Chartered Surveyors. In the opinion of the directors, there has been no
material change to the market value of the investments, since the last valuation. They consider that
market value is a fair representation of fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Prepayments 734 705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 24,268 22,480
Corporation tax 17,563 16,334
Social security and other taxes 4,859 4,784
Sundry creditors 21,745 19,393
Directors' current accounts 12,675 8,946
Accrued expenses 25,512 26,667
106,622 98,604

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loan repayable between one and
two years

23,400

23,400
Bank loan repayable between
two and five years 69,000 83,000
Bank loan repayable in excess of five
years

393,301

404,049
485,701 510,449

Amounts falling due in more than five years:

Repayable by instalments
Bank loan repayable in excess of five
years

393,301

404,049

R M & K FASHIONS LIMITED (REGISTERED NUMBER: 01260467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 509,969 532,929

10. FIRST YEAR ADOPTION

The company has adopted FRS 102 1A for the first time in the year ended 31 March 2017. The date
of transition to FRS102 1A was 1 April 2015.

The directors have considered the consequential changes in accounting policies resulting from the
adoption of FRS 102 1A and have concluded that only minor transition adjustments are required. Prior
years' figures have been restated as follows:-

(a) Investment properties

Under the previous financial reporting framework investment properties were revalued to market value
via a revaluation reserve. By contrast FRS 102 1A requires them to be carried at fair value (which
broadly equates to market value) adjusted through the profit and loss account. Companies no longer
recognise a revaluation reserve as all valuations form part of accumulated profit or loss. As a result of
transition adjustments, the revaluation reserve has therefore reduced to £nil and retained earnings
have increased to £753,606.

(b) Deferred tax

Under the previous financial reporting framework deferred tax was only provided on timing differences
with specific exclusions for revaluations and rolled over gains. FRS 102 1A requires deferred tax
provisions on revaluations and rolled over gains. Deferred tax provisions on investment properties
form part of accumulated profit or loss. As a result of transition adjustments, a deferred tax liability has
been provided for and retained earnings have reduced by £45,893.