The Randalls Partnership Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10059231

Unaudited Financial Statements for the Year Ended 31 March 2019

for

The Randalls Partnership Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G C Randall

SECRETARY:

REGISTERED OFFICE:

Blue House Farm Office

Brentwood Road

West Horndon

Brentwood

Essex

CM13 3LX

REGISTERED NUMBER:

10059231

ACCOUNTANTS:

The Randall's Partnership Ltd

Chartered Accountants

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

FIXED ASSETS

Intangible assets

4

238,250

204,061

Tangible assets

5

10,757

9,739

249,007

213,800

CURRENT ASSETS

Debtors

6

32,002

41,949

Cash at bank

27,458

9,744

59,460

51,693

CREDITORS

Amounts falling due within one year

7

266,753

262,471

NET CURRENT LIABILITIES

(207,293

)

(210,778

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,714

3,022

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

34,189

-

Retained earnings

7,425

2,922

SHAREHOLDERS' FUNDS

41,714

3,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 1 December 2019 and were signed by:

G C Randall - Director

1.	STATUTORY INFORMATION

The Randalls Partnership Ltd is a private company, limited by shares , registered in Not

specified/Other. 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 as modified by the revaluation of certain assets.

These financial statements have been prepared in accordance with the provisions of Section

1A "Small Entities"of Financial Reporting Standard 102

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 1 April 2018

204,061

Revaluations

34,189

At 31 March 2019

238,250

NET BOOK VALUE

At 31 March 2019

238,250

At 31 March 2018

204,061

Cost or valuation at 31 March 2019 is represented by:

Goodwill

£

Valuation in 2019

34,189

Cost

204,061

238,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

12,689

Additions

3,968

At 31 March 2019

16,657

DEPRECIATION

At 1 April 2018

2,950

Charge for year

2,950

At 31 March 2019

5,900

NET BOOK VALUE

At 31 March 2019

10,757

At 31 March 2018

9,739

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

32,002

41,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

33,981

29,504

Taxation and social security

13,692

11,864

Other creditors

219,080

221,103

266,753

262,471