Regional Property Solutions Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Regional Property Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C H H Murray

Mrs H Murray

D Lee

SECRETARY:

Mrs H Murray

REGISTERED OFFICE:

Grovsenor House

22, Grafton Street

Altrincham

Cheshire

WA14 1DU

REGISTERED NUMBER:

03685188 (England and Wales)

ACCOUNTANTS:

Allen Mills Howard & Co.

Chartered Accountants

56 Manchester Road

Altrincham, Cheshire.

WA14 4PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,071

3,386

Investments

6

4

4

3,075

3,390

CURRENT ASSETS

Debtors

38,831

96,003

Cash at bank

114,181

82,012

153,012

178,015

CREDITORS

Amounts falling due within one year

45,986

69,552

NET CURRENT ASSETS

107,026

108,463

TOTAL ASSETS LESS CURRENT LIABILITIES

110,101

111,853

PROVISIONS FOR LIABILITIES

406

720

NET ASSETS

109,695

111,133

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

109,595

111,033

109,695

111,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th July 2019 and were signed on its behalf by:

C H H Murray - Director

1.	STATUTORY INFORMATION

Regional Property Solutions 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

Computer equipment

-

33.33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

and 31st March 2019

120,000

AMORTISATION

At 1st April 2018

and 31st March 2019

120,000

NET BOOK VALUE

At 31st March 2019

-

At 31st March 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

29,681

Additions

1,722

At 31st March 2019

31,403

DEPRECIATION

At 1st April 2018

26,295

Charge for year

2,037

At 31st March 2019

28,332

NET BOOK VALUE

At 31st March 2019

3,071

At 31st March 2018

3,386

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2018

and 31st March 2019

4

NET BOOK VALUE

At 31st March 2019

4

At 31st March 2018

4

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

6,130

13,442

Between one and five years

3,269

9,399

In more than five years

54,400

54,400

63,799

77,241