Rover Properties Limited Company accounts

ROVER PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03014212

Rover Properties Limited

Unaudited Financial Statements

31 March 2018

Rover Properties Limited

Financial Statements

Year ended 31 March 2018

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	7

Rover Properties Limited

Directors' Report

Year ended 31 March 2018

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2018 .

Directors

The directors who served the company during the year were as follows:

E Tajtelbaum
S Tajtelbaum

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 24 June 2019 and signed on behalf of the board by:

E Tajtelbaum

Director

Rover Properties Limited

Statement of Income and Retained Earnings

Year ended 31 March 2018

	2018	2017
Note	£	£
Turnover	30,427	40,089

	--------	--------
Gross profit	30,427	40,089

Administrative expenses	29,434	31,854
	--------	--------
Operating profit	993	8,235

	--------	--------
Profit before taxation	993	8,235

Tax on profit	189	1,647
	----	-------
Profit for the financial year and total comprehensive income	804	6,588
	----	-------

Dividends paid and payable	( 20,000)	( 20,000)

Retained earnings at the start of the year	254,484	267,896
	---------	---------
Retained earnings at the end of the year	235,288	254,484
	---------	---------

All the activities of the company are from continuing operations.

Rover Properties Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	5	269,111	278,111
Cash at bank and in hand		61,778	76,804
		---------	---------
		330,889	354,915

Creditors: amounts falling due within one year	6	95,599		100,429
		---------		---------
Net current assets			235,290	254,486
			---------	---------
Total assets less current liabilities			235,290	254,486
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	235,288	254,484
	---------	---------
Shareholders funds	235,290	254,486
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2018 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 of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 June 2019 , and are signed on behalf of the board by:

E Tajtelbaum

Director

Company registration number: 03014212

Rover Properties Limited

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

5. Debtors

	2018	2017
	£	£
Other debtors	269,111	278,111
	---------	---------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	1,836	2,806
Other creditors	93,763	97,623
	--------	---------
	95,599	100,429
	--------	---------

Rover Properties Limited

Management Information

Year ended 31 March 2018

The following pages do not form part of the financial statements.

Rover Properties Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Rover Properties Limited

Year ended 31 March 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2018, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

GERALD KREDITOR & CO. Chartered accountants

Hallswelle House 1 Hallswelle Road London NW11 0DH

24 June 2019