Rodwell_Property_Limited - Accounts

Report of the directors

3

Profit and loss account

4

Balance sheet

5

Notes to the accounts

6 – 7

Detailed profit and loss account

8

The directors present their report together with the unaudited accounts for the year ended 31 December 2018.

The Directors in office during the year were as follows

T. P. Granger

J. A. Granger

J. Andrew Rodwell

A. L. Rayment

The directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board on 29 March 2019, and has been prepared in accordance with the small companies regime of the Companies Act 2006.

By order of the board

……………………………………………..

Tim Granger    (Director)

Cost of sales

Administrative expenses

Interest payable and other similar expenses

Loss before taxation

Taxation

Loss after taxation

Stock

Debtors

2

Cash at bank and in hand

Amounts falling due within one year

3

Amounts falling due after one year

Called up share capital

Profit and loss account

Tim Granger

Director

The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain assets.

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Stock and work in progress are included valued at the lower of cost and net estimated selling price less selling costs. In determining the cost of raw materials, consumables and goods purchased for resale, the weighted average purchase price is used. For work in progress and finished goods manufactured by the company, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

Prepayments and accrued income

VAT

Rents received in advance

Other creditors and accruals

Amounts due to associated undertakings

Average number of persons employed by the company

The company is a private company limited by shares and registered in England

Its registered number is: 09357382

Its registered office is: Rodwell House, 2a Vicarage Road, Hornchurch, RM12 4AT

Development income

Other property income

Prospective development expenses

Insurance

Utilities

Business rates

Legal and professional fees

Accountancy charges

Staff costs

Bank interest and similar charges