Company Registration No. 10014492 (England and Wales)
Red Lion (Upper Basildon) Limited
Unaudited accounts
for the year ended 31 May 2019
Red Lion (Upper Basildon) Limited
Unaudited accounts
Contents
Red Lion (Upper Basildon) Limited
Company Information
for the year ended 31 May 2019
Directors
Rafi Razzak
Ramsey Razzak
Adam Razzak
Company Number
10014492 (England and Wales)
Registered Office
Kiln Farm
Upper Basildon
Berkshire
RG88SW
England
Accountants
D G Accountancy & Taxation Services
26 Hillary Way
Wheatley
Oxford
Oxfordshire
OX33 1UY
Red Lion (Upper Basildon) Limited
Statement of financial position
as at 31 May 2019
Intangible assets
57,273
62,364
Tangible assets
11,512
13,393
Cash at bank and in hand
9,664
26,657
Creditors: amounts falling due within one year
(557,102)
(447,073)
Net current liabilities
(517,913)
(395,086)
Net liabilities
(449,128)
(319,329)
Called up share capital
100
100
Profit and loss account
(449,228)
(319,429)
Shareholders' funds
(449,128)
(319,329)
For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 September 2019.
Rafi Razzak
Director
Company Registration No. 10014492
Red Lion (Upper Basildon) Limited
Notes to the Accounts
for the year ended 31 May 2019
Red Lion (Upper Basildon) Limited is a private company, limited by shares, registered in England and Wales, registration number 10014492. The registered office is Kiln Farm, Upper Basildon, Berkshire, RG88SW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets are included at cost less accumulated amortisation.
Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight line method. The intangible assets are amortised over the following useful economic life:
Goodwill 13.75 years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line basis at 25% per annum
Fixtures & fittings
Straight Line basis at 25% per annum
4
Intangible fixed assets
Total
Red Lion (Upper Basildon) Limited
Notes to the Accounts
for the year ended 31 May 2019
5
Tangible fixed assets
Total
6
Operating lease commitments
2019
2018
At 31 May 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
329,138
358,368
7
Transactions with related parties
Included in creditors is a director's current account balance amounting to £490,505 (2018 £400,505). The loan is unsecured, interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 9 (2018: 3).
