Randall & Payne Management Services Ltd - Accounts to registrar (filleted) - small 18.2
Randall & Payne Management Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
| FOR |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07668439) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chargrove House |
| Shurdington Road |
| Cheltenham |
| Gloucestershire |
| GL51 4GA |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07668439) |
| BALANCE SHEET |
| 30 JUNE 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 behalf by: |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07668439) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 1. | STATUTORY INFORMATION |
| Randall & Payne Management Services Ltd is a |
| England and Wales. The company's registered number and registered office address can be found on |
| the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| These financial statements have been prepared in accordance with the provision 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. |
| These financial statements are the first financial statements that comply with FRS 102 Section 1A. The |
| date of transition is 1 July 2015. The transition to FRS 102 Section 1A small entities has resulted in no |
| material changes in accounting policies nor material adjustments on transition. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. Services provided are |
| recognised in the accounts in the year in which they are provided. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Financial instruments |
| Financial Instruments are classified by the directors as basic or advanced following the conditions in |
| FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective |
| interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07668439) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event |
| prior to the balance sheet date and that a payment will be required in settlement that can be estimated |
| reliably. Where material, provisions are calculated on a discounted basis. |
| Going concern |
| The directors have considered the risks and issues concerning the company and it's activities and no |
| material uncertainties that may cast significant doubt about the company's ability to continue as a going |
| concern have been identified by the directors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2017 |
| Additions |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments and accrued income |
| RANDALL & PAYNE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07668439) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Corporation Tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | - | 20,000 |
| Accrued expenses |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| No outstanding loans to the directors existed at 30 June 2018 (2017 £20,000). |
| 9. | RELATED PARTY DISCLOSURES |
| Management charges of £2,270,521 (2017 £2,278,500) were made to Randall & Payne LLP. The |
| balance owing at the year end was £408,275 (2017 £385,780). All of the directors of Randall & Payne |
| Management Services Ltd are members of Randall & Payne LLP. |
| Outstanding loans existed at the 30 June 2018 to parties related to the directors and these are |
| included in Other Creditors and total £44,755 (2017 £20,000). |